Funding you earn now, next payment 04:00 UTC−0.0247%/8h= −27.1% APRnext payment −$1.24 per $10,000 · paid last 24h +0.015%
Price spread now: BloFin against Gate−0.063%48s7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as 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−$930.932% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)−0.124%−$12 · spread now −0.063%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.022% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.041%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06363 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $1.1M | $463K | 75x |
| Short | BloFin PYTH-USDT | 0.06359 | −0.0147 | pay 0.0074% / 4h | 3h 58m | $422K | $115K | 75x |
Gate PYTH_USDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$51.95
- Price spread: −0.063% → −0.041%
- −$2.23
- Slippage, 4 orders
- −$66.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$147.4
- Costs to cover
- 0.932%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 12 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, 4 min ago | 3.94 bp | 33.6 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 0.79 bp | 16.8 bp −$17 | 32.0 bp −$320 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDT | −0.0180% | 4h | 0.06365 | +0.031% | $9.5M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0178% | 4h | 0.06363 | −0.003% | $9.1M | $17.4M | 75x | as long as short |
| BloFin PYTH-USDTshort | −0.0147% | 4h | 0.06359 | −0.063% | $422K | $115K | 75x | |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06371 | +0.129% | $389K | $277K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06367 | +0.063% | $38K | $14K | 25x | as long as short |
| Aster PYTHUSDT | −0.0004% | 4h | 0.06364 | +0.022% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06373 | +0.159% | $189K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06365 | +0.033% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.619% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06375 | +0.189% | $201K | $197K | 5x | as long as short |
MEXC PYTH_USDT
Binance PYTHUSDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06360 | −0.046% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06371 | +0.126% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06365 | +0.031% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06364 | +0.016% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDTlong | +0.0100% | 4h | 0.06363 | long leg | $1.1M | $463K | 75x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06373 | +0.157% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06365 | +0.031% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06366 | +0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.202% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06365 | +0.025% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06361 | −0.026% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0977% | 1h | 0.06369 | +0.090% | $35K | $90K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1006% | 1h | 0.06379 | +0.251% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL