PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.014%

Price spread now: OKX against Gate+0.079%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.079%, 7d avg +0.040%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.039% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06358	0.0004	pay 0.0002% / 4h	50m 15s	$1.1M	$474K	75x
Short	OKX PYTH-USDT-SWAP	0.06363	0.0100	get 0.0050% / 4h	50m 15s	$2.1M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $20.16
Price spread: +0.079% → +0.040%: $3.88
Slippage, 4 orders: −$76.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.75
Costs to cover: 1.018%
Break-even: 34.0 days

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	5.51 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.36 bp	20.2 bp −$20	101.9 bp −$1,019	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
Kraken Futures PF_PYTHUSD	−0.0396%	1h	0.06366	+0.124%	$379K	$264K	25x	as long as short
BloFin PYTH-USDT	−0.0136%	4h	0.06358	0.000%	$420K	$116K	75x	as long as short
Binance PYTHUSDT	−0.0081%	4h	0.06358	0.000%	$9.1M	$17.1M	75x	as long as short
MEXC PYTH_USDT	−0.0078%	4h	0.06358	0.000%	$9.6M	$2.3M	125x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06369	+0.175%	$189K	$19	5x	as long as short
Gate PYTH_USDTlong	+0.0004%	4h	0.06358	long leg	$1.1M	$474K	75x
Bybit PYTHUSDT	+0.0017%	4h	0.06359	+0.016%	$7.5M	$4.8M	50x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.541%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06360	+0.039%	$23K	—	3x	as long as short
Aster PYTHUSDT	+0.0075%	4h	0.06360	+0.031%	$22K	$44K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06368	+0.157%	$201K	$217K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06354	−0.068%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06365	+0.112%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAPshort	+0.0100%	4h	0.06363	+0.079%	$2.1M	$3.4M	50x
KuCoin PYTHUSDTM	+0.0100%	4h	0.06366	+0.126%	$1.5M	$316K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06358	0.000%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06360	+0.031%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06363	+0.082%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06360	+0.028%	$3K	$1K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06328	−0.472%	$39K	$6K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06357	−0.021%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0535%	1h	0.06376	+0.283%	$10K	$10K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0590%	1h	0.06368	+0.159%	$36K	$89K	10x	as long as short