Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.003%
Price spread now: MEXC against dYdX+0.129%47s7-day average −0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.823% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.129%, 7d avg −0.119%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.248% dearer against dYdX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.119%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06287 | 0.0017 | pay 0.0002% / 1h | 18m 56s | $187K | $19 | 5x |
| Short | MEXC PYTH_USDT | 0.06295 | 0.0092 | get 0.0046% / 4h | 18m 56s | $10.6M | $2.8M | 125x |
dYdX PYTH-USD
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against dYdX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15.81
- Price spread: +0.129% → −0.119%
- $24.84
- Slippage, 4 orders
- −$72.28
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$41.64
- Costs to cover
- 0.823%
- Break-even
- 25.4 days
Slippage from dYdX: live order book, 20 min ago; MEXC: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 20 min ago | 30.07 bp | 37.3 bp −$37 | 139.5 bp −$1,395 | 172.3 bp −$17.2K | 380.2 bp −$190.1K |
| Sell MEXC live order book, 4 min ago | 0.80 bp | 6.4 bp −$6 | 18.0 bp −$180 | 92.9 bp −$9,293 | 205.7 bp −$102.9K |
PYTH on 23 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USDlong | +0.0017% | 1h | 0.06287 | long leg | $187K | $19 | 5x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.427% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0042% | 4h | 0.06284 | −0.046% | $424K | $72K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0059% | 1h | 0.06306 | +0.301% | $35K | $67K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0067% | 1h | 0.06303 | +0.257% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDTshort | +0.0092% | 4h | 0.06295 | +0.129% | $10.6M | $2.8M | 125x | |
| Binance PYTHUSDT | +0.0095% | 4h | 0.06294 | +0.118% | $9.1M | $19.9M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06302 | +0.241% | $194K | $221K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06287 | +0.006% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06304 | +0.266% | $2.2M | $1.9M | 5x | as long as short |
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Binance PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06293 | +0.093% | $21K | $47K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06299 | +0.193% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06295 | +0.129% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06293 | +0.098% | $1.0M | $539K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06296 | +0.145% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06299 | +0.193% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06295 | +0.129% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06266 | −0.333% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06295 | +0.129% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06295 | +0.129% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06296 | +0.149% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0453% | 1h | 0.06301 | +0.228% | $382K | $307K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +2.229% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX