PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.010%

Price spread now: Binance against Hyperliquid−0.088%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.647% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.054%−$5 · spread now −0.088%, 7d avg −0.092%

Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PYTH	0.06362	0.0100	pay 0.0013% / 1h	50m 13s	$1.7M	$1.4M	5x
Short	Binance PYTHUSDT	0.06356	−0.0015	pay 0.0007% / 4h	2h 50m	$9.0M	$15.9M	75x

Funding history

latest

Range statsloading…

Binance against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee HyperliquidbpFee BinancebpOrdersPrice spread, now −0.088%Rate

Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 11 min ago	1.10 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.57 bp	15.9 bp −$16	31.6 bp −$316	195.4 bp −$19.5K	doesn't fit

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
Injective PYTH/USDC PERP	−0.0586%	1h	0.06350	−0.181%	$561	$180K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0215%	1h	0.06358	−0.061%	$385K	$240K	25x	as long as short
Gate PYTH_USDT	−0.0122%	4h	0.06350	−0.181%	$1.1M	$463K	75x	as long as short
Binance PYTHUSDTshort	−0.0015%	4h	0.06356	−0.088%	$9.0M	$15.9M	75x
MEXC PYTH_USDT	−0.0014%	4h	0.06356	−0.086%	$9.4M	$2.4M	125x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06354	−0.119%	$189K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06363	+0.024%	$10K	$10K	10x	as long as short
BloFin PYTH-USDT	+0.0043%	4h	0.06351	−0.165%	$420K	$122K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0048%	1h	0.06431	+1.093%	$40K	$9K	25x	as long as short
Bybit PYTHUSDT	+0.0075%	4h	0.06357	−0.071%	$7.5M	$5.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PYTH-PERP	+0.0080%	1h	0.06363	+0.025%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06365	+0.055%	$197K	$203K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0098%	8h	0.06355	−0.107%	$3K	$56	10x	as long as short
Hyperliquid PYTHlong	+0.0100%	1h	0.06362	long leg	$1.7M	$1.4M	5x
Aster PYTHUSDT	+0.0100%	4h	0.06359	−0.034%	$20K	$26K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06353	−0.134%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06358	−0.055%	$1.5M	$314K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06358	−0.055%	$2.6M	$1.9M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06355	−0.102%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06350	−0.188%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06359	−0.042%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06355	−0.103%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0451%	1h	0.06359	−0.042%	$38K	$88K	10x	as long as short