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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Aevo against Hyperliquid−0.037%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aevo is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PYTH0.062670.0100pay 0.0013% / 1h52m 37s$1.6M$1.5M5x
ShortAevo PYTH-PERP0.062650.0088get 0.0011% / 1h52m 37s$22K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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
−$2.52
Price spread: −0.037% → 0.000%
−$3.67
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$31.19
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Aevo: 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 Hyperliquid live order book, 8 min ago0.80 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0428%1h0.06260−0.116%$553$220K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0209%1h0.06266−0.014%$381K$253K25xas long as short
Gate PYTH_USDT−0.0044%4h0.06266−0.021%$1.1M$477K75xas long as short
dYdX PYTH-USD0.0000%1h0.06276+0.145%$186K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06272+0.075%$10K$10K10xas long as short
MEXC PYTH_USDT+0.0034%4h0.06257−0.164%$9.1M$2.3M125xas long as short
Binance PYTHUSDT+0.0036%4h0.06263−0.069%$9.0M$16.9M75xas long as short
Bybit PYTHUSDT+0.0056%4h0.06265−0.037%$7.4M$5.1M50xas long as short
Coinbase International PYTH-PERP-INTX+0.0080%1h0.06431+2.612%$40K$6K25xas long as short
BloFin PYTH-USDT+0.0082%4h0.06287+0.314%$419K$115K75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERPshort+0.0088%1h0.06265−0.037%$22K3x
Lighter PYTH+0.0096%1h0.06273+0.091%$196K$208K5xas long as short
Backpack PYTH_USDC_PERP+0.0099%1h0.06270+0.038%$38K$88K10xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06262−0.080%$3K$5610xas long as short
Hyperliquid PYTHlong+0.0100%1h0.06267long leg$1.6M$1.5M5x
Aster PYTHUSDT+0.0100%4h0.06271+0.053%$19K$40K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06265−0.037%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06269+0.027%$1.5M$314K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06267−0.005%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06268+0.011%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06271+0.066%$44K$22Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06273+0.096%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06268+0.004%20xas long as short