PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.014%

Price spread now: Gate against Hyperliquid−0.071%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$970.968% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days−0.109%−$11 · spread now −0.071%, 7d avg −0.091%

Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$4 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	0.06296	0.0100	pay 0.0013% / 1h	54m 39s	$1.7M	$1.5M	5x
Short	Gate PYTH_USDT	0.06292	−0.0038	pay 0.0019% / 4h	1h 54m	$1.1M	$476K	75x

Funding history

latest

Range statsloading…

Gate 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 GatebpOrdersPrice spread, now −0.071%Rate

Slippage from Hyperliquid: live order book, 6 min ago; Gate: live order book, 2 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, 6 min ago	0.80 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.59 bp	33.2 bp −$33	doesn't fit	doesn't fit	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	−0.0428%	1h	0.06260	−0.580%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06290	−0.111%	$382K	$253K	25x	as long as short
Gate PYTH_USDTshort	−0.0038%	4h	0.06292	−0.071%	$1.1M	$476K	75x
Backpack PYTH_USDC_PERP	−0.0005%	1h	0.06297	+0.008%	$38K	$88K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06292	−0.065%	$187K	$19	5x	as long as short
BloFin PYTH-USDT	+0.0003%	4h	0.06287	−0.151%	$419K	$115K	75x	as long as short
MEXC PYTH_USDT	+0.0030%	4h	0.06291	−0.087%	$9.2M	$2.3M	125x	as long as short
Binance PYTHUSDT	+0.0035%	4h	0.06284	−0.197%	$9.0M	$16.7M	75x	as long as short
Bybit PYTHUSDT	+0.0074%	4h	0.06289	−0.119%	$7.4M	$5.1M	50x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+2.136%	$40K	$6K	25x	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	+0.0088%	1h	0.06285	−0.183%	$22K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06299	+0.040%	$197K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06292	−0.067%	$3K	$56	10x	as long as short
Hyperliquid PYTHlong	+0.0100%	1h	0.06296	long leg	$1.7M	$1.5M	5x
Aster PYTHUSDT	+0.0100%	4h	0.06289	−0.119%	$19K	$30K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06286	−0.167%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06294	−0.040%	$1.5M	$312K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06291	−0.087%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06290	−0.103%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06271	−0.398%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06287	−0.149%	$3K	$1K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0227%	1h	0.06295	−0.024%	$10K	$10K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06290	−0.110%	—	—	20x	as long as short