Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against Gate+0.095%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$940.935% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now +0.095%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.099% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06339 | 0.0030 | pay 0.0015% / 4h | 3h 11m | $1.0M | $518K | 75x |
| Short | Binance PYTHUSDT | 0.06345 | 0.0050 | get 0.0025% / 4h | 3h 11m | $9.1M | $18.4M | 75x |
Gate PYTH_USDT
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $4.28
- Price spread: +0.095% → −0.004%
- $9.88
- Slippage, 4 orders
- −$68.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.37
- Costs to cover
- 0.935%
- Break-even
- 136.9 days
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 15 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 Gate live order book, 1 min ago | 3.94 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.79 bp | 13.1 bp −$13 | 28.7 bp −$287 | 243.8 bp −$24.4K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0379% | 1h | 0.06357 | +0.284% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0084% | 1h | 0.06354 | +0.230% | $38K | $63K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06369 | +0.471% | $189K | $19 | 5x | as long as short |
| Gate PYTH_USDTlong | +0.0030% | 4h | 0.06339 | long leg | $1.0M | $518K | 75x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.246% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0050% | 4h | 0.06347 | +0.126% | $10.7M | $2.8M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0050% | 4h | 0.06345 | +0.095% | $9.1M | $18.4M | 75x | |
| BloFin PYTH-USDT | +0.0077% | 4h | 0.06355 | +0.252% | $427K | $77K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06357 | +0.284% | $194K | $211K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06351 | +0.186% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
BloFin PYTH-USDT
Lighter PYTH
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06347 | +0.122% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06354 | +0.232% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06359 | +0.323% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06350 | +0.174% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06347 | +0.126% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06364 | +0.394% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | +0.110% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06351 | +0.189% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06370 | +0.495% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06356 | +0.267% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.429% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0299% | 1h | 0.06354 | +0.242% | $388K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06352 | +0.201% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP