Funding you earn now, next payment 01:00 UTC+0.0419%/8h= +45.9% APRpaid last 24h −0.009%
Price spread now: Deribit against Gate+0.355%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.355% dearer against Gate than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06483 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $1.1M | $480K | 75x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06506 | 0.0519 | get 0.0065% / 1h | 11m 44s | $10K | $10K | 10x |
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $88.01
- Price spread: +0.355% → 0.000%
- $35.48
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $101.49
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Gate: live order book, just now; Deribit: no order-book sample. Net counts fees only.
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, just now | 5.40 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0134% | 4h | 0.06483 | 0.000% | $433K | $112K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0133% | 1h | 0.06499 | +0.251% | $399K | $291K | 25x | as long as short |
| MEXC PYTH_USDT | −0.0120% | 4h | 0.06470 | −0.201% | $9.8M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0116% | 4h | 0.06480 | −0.049% | $9.3M | $17.6M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06495 | +0.185% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06487 | +0.060% | $193K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0026% | 4h | 0.06490 | +0.105% | $22K | $45K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.440% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06491 | +0.125% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06491 | +0.123% | $204K | $199K | 5x | as long as short |
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-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 | 0.06483 | +0.004% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06496 | +0.205% | $2.1M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06481 | −0.031% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06476 | −0.108% | $2.2M | $3.5M | 50x | as long as short |
| Gate PYTH_USDTlong | +0.0100% | 4h | 0.06483 | long leg | $1.1M | $480K | 75x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06492 | +0.139% | $1.6M | $326K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06486 | +0.046% | $2.8M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06485 | +0.031% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06426 | −0.879% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06491 | +0.119% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06483 | 0.000% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.0519% | 1h | 0.06506 | +0.355% | $10K | $10K | 10x | |
| Backpack PYTH_USDC_PERP | +0.0952% | 1h | 0.06497 | +0.214% | $36K | $91K | 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