Funding you earn now, next payment 03:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h −0.034%
Price spread now: Injective against Gate−0.840%69s7-day average −0.198% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)+0.707%+$71 · spread now −0.840%, 7d avg −0.198%
=Funding pays, the price is against you. Injective is 0.641% cheaper against Gate than usual: you would sell low and buy high (spread −0.840% now, against its 7-day average of −0.198%). If the spread goes back, that is −$64 on $10k: about 7.9 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour. The two prices were read 69 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 -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment. 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 | 0.06313 | −0.0238 | get 0.0119% / 4h | 1h 39m | $1.0M | $498K | 75x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 39m 54s | $553 | $220K | 5.5x |
Gate PYTH_USDT
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $56.98
- Price spread: −0.840% → −0.198%
- −$64.13
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$22.17
- Costs to cover
- 0.150%
- Break-even
- 9.7 days
Slippage unknown: Gate: live order book, 2 min ago; Injective: 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, 2 min ago | 3.96 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0408% | 1h | 0.06325 | +0.192% | $38K | $50K | 10x | as long as short |
| Gate PYTH_USDTlong | −0.0238% | 4h | 0.06313 | long leg | $1.0M | $498K | 75x | |
| MEXC PYTH_USDT | −0.0022% | 4h | 0.06313 | 0.000% | $9.5M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0021% | 4h | 0.06315 | +0.030% | $9.0M | $17.8M | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06328 | +0.235% | $188K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0005% | 4h | 0.06323 | +0.162% | $20K | $46K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0006% | 4h | 0.06315 | +0.032% | $426K | $89K | 75x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −0.840% | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06320 | +0.111% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06326 | +0.206% | $190K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
MEXC PYTH_USDT
Binance PYTHUSDT
dYdX PYTH-USD
Aster PYTHUSDT
BloFin PYTH-USDT
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 | 0.06318 | +0.084% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06325 | +0.184% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06319 | +0.095% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06322 | +0.143% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06329 | +0.253% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06316 | +0.048% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06325 | +0.190% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06318 | +0.076% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06321 | +0.127% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +0.887% | $39K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06317 | +0.070% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0303% | 1h | 0.06324 | +0.176% | $386K | $291K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1016% | 1h | 0.06329 | +0.253% | $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
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL