Funding you earn now, next payment 22:00 UTC+0.0582%/8h= +63.8% APRpaid last 24h +0.032%
Price spread now: Binance against Injective−0.131%7-day average +0.114% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)+0.417%+$42 · spread now −0.131%, 7d avg +0.114%
=Funding pays, the price is against you. Binance is 0.245% cheaper against Injective than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of +0.114%). If the spread goes back, that is −$25 on $10k: about 34 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.112% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYTH/USDC PERP | 0.06350 | −0.0586 | get 0.0073% / 1h | 26m 44s | $561 | $180K | 5.5x |
| Short | Binance PYTHUSDT | 0.06342 | −0.0004 | pay 0.0002% / 4h | 2h 26m | $9.1M | $15.9M | 75x |
Injective PYTH/USDC PERP
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $122.26
- Price spread: −0.131% → +0.114%
- −$24.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $87.74
- Costs to cover
- 0.100%
- Break-even
- 2.0 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.79 bp | 13.6 bp −$14 | 42.1 bp −$421 | 279.6 bp −$28.0K | doesn't fit |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERPlong | −0.0586% | 1h | 0.06350 | long leg | $561 | $180K | 5.5x | |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06336 | −0.224% | $383K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0048% | 4h | 0.06332 | −0.283% | $1.1M | $465K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0030% | 4h | 0.06332 | −0.283% | $425K | $117K | 75x | as long as short |
| Binance PYTHUSDTshort | −0.0004% | 4h | 0.06342 | −0.131% | $9.1M | $15.9M | 75x | |
| MEXC PYTH_USDT | −0.0002% | 4h | 0.06338 | −0.189% | $9.4M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06340 | −0.162% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06341 | −0.142% | $10K | $10K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0011% | 4h | 0.06343 | −0.110% | $7.4M | $4.9M | 50x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.276% | $40K | $6K | 25x | as long as short |
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
BloFin PYTH-USDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Bybit PYTHUSDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06333 | −0.272% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06350 | 0.000% | $197K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06342 | −0.132% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06344 | −0.093% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06337 | −0.205% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06343 | −0.110% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06341 | −0.142% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06343 | −0.110% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06342 | −0.126% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06335 | −0.233% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06336 | −0.225% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0201% | 1h | 0.06343 | −0.109% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06333 | −0.263% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP