Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%
Price spread now: Paradex against Gate−0.085%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.085% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PYTH_USDT0.062340.0100pay 0.0050% / 4h10m 03s$1.0M$461K75x
ShortParadex PYTH-USD-PERP0.062290.0100get 0.0100% / 8h4h 10m$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
−$0.04
Price spread: −0.085% → 0.000%
−$8.54
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$27.58
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 5 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago4.01 bp28.7 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PYTH_USDC-PERPETUAL−0.0711%1h0.06235+0.016%$10K10xas long as short
dYdX PYTH-USD+0.0010%1h0.06241+0.115%$185K$35xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260+0.417%$553$220K5.5xas long as short
Lighter PYTH+0.0096%1h0.06239+0.080%$181K$197K5xas long as short
Paradex PYTH-USD-PERPshort+0.0100%8h0.06229−0.085%$3K10x
Hyperliquid PYTH+0.0100%1h0.06239+0.074%$2.1M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06243+0.140%$21K$49K10xas long as short
Binance PYTHUSDT+0.0100%4h0.06231−0.048%$8.9M$18.3M75xas long as short
Bybit PYTHUSDT+0.0100%4h0.06235+0.016%$7.4M$4.3M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.062340.000%$2.0M$3.2M50xas long as short
Show all 23 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PYTH_USDTlong+0.0100%4h0.06234long leg$1.0M$461K75x
MEXC PYTH_USDT+0.0100%4h0.06230−0.064%$10.9M$3.0M125xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06241+0.112%$1.5M$216K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06235+0.016%$2.6M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06235+0.016%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06238+0.071%$38K$54K10xas long as short
Variational Omni PYTH+0.0100%4h0.06233−0.019%$43K$28Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06232−0.024%$2K$2K10xas long as short
Aevo PYTH-PERP+0.0104%1h0.06230−0.063%$22K3xas long as short
BloFin PYTH-USDT+0.0141%4h0.06230−0.064%$426K$79K75xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06229−0.079%20xas long as short
Kraken Futures PF_PYTHUSD+0.0344%1h0.06237+0.043%$375K$212K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0640%1h0.06330+1.540%$39K$18K25xas long as short