PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.026%

Price spread now: MEXC against Hyperliquid−0.089%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.437% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.089%, 7d avg −0.092%

Together, before fees−0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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	0.06315	0.0100	pay 0.0013% / 1h	19m 10s	$2.2M	$1.9M	5x
Short	MEXC PYTH_USDT	0.06309	0.0008	get 0.0004% / 4h	2h 19m	$10.5M	$2.7M	125x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.089%Rate

Slippage from Hyperliquid: live order book, 2 min ago; MEXC: live order book, 4 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, 2 min ago	1.82 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.80 bp	4.8 bp −$5	17.8 bp −$178	100.6 bp −$10.1K	215.5 bp −$107.7K

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
Backpack PYTH_USDC_PERP	−0.0390%	1h	0.06317	+0.036%	$38K	$63K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0225%	1h	0.06308	−0.105%	$10K	$10K	10x	as long as short
Gate PYTH_USDT	−0.0096%	4h	0.06309	−0.089%	$1.0M	$530K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06319	+0.068%	$188K	$19	5x	as long as short
BloFin PYTH-USDT	+0.0003%	4h	0.06308	−0.105%	$422K	$76K	75x	as long as short
MEXC PYTH_USDTshort	+0.0008%	4h	0.06309	−0.089%	$10.5M	$2.7M	125x
Binance PYTHUSDT	+0.0014%	4h	0.06304	−0.168%	$8.9M	$18.9M	75x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.865%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0088%	1h	0.06310	−0.073%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06313	−0.025%	$194K	$210K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06317	+0.031%	$3K	—	10x	as long as short
Hyperliquid PYTHlong	+0.0100%	1h	0.06315	long leg	$2.2M	$1.9M	5x
Aster PYTHUSDT	+0.0100%	4h	0.06306	−0.138%	$20K	$45K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06307	−0.120%	$7.4M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06308	−0.105%	$2.1M	$3.5M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06308	−0.105%	$1.5M	$352K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06306	−0.136%	$2.6M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06306	−0.136%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06276	−0.605%	$38K	$25K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06313	−0.019%	$2K	$2K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0236%	1h	0.06309	−0.085%	$385K	$298K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06311	−0.061%	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0312%	1h	0.06493	+2.825%	$40K	$19K	25x	as long as short