Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.049%
Price spread now: Bitget against Injective+0.080%101s7-day average +0.291% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now +0.080%, 7d avg +0.291%
=Funding pays, the price is against you. Bitget is 0.211% cheaper against Injective than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.291%). If the spread goes back, that is −$21 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | pay 0.0004% / 1h | 57m 39s | $553 | $220K | 5.5x |
| Short | Bitget PYTHUSDT | 0.06265 | 0.0100 | get 0.0050% / 4h | 1h 57m | $2.6M | $2.2M | 75x |
Injective PYTH/USDC PERP
Bitget PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $14
- Price spread: +0.080% → +0.291%
- −$21.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$19.14
- Costs to cover
- 0.120%
- Break-even
- 16.6 days
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 3.18 bp | 19.9 bp −$20 | 44.6 bp −$446 | doesn't fit | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0228% | 1h | 0.06278 | +0.288% | $10K | — | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06277 | +0.274% | $186K | $13 | 5x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Lighter PYTH | +0.0096% | 1h | 0.06279 | +0.304% | $194K | $185K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06262 | +0.024% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06277 | +0.268% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06270 | +0.160% | $19K | $46K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06262 | +0.039% | $8.9M | $18.7M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06267 | +0.112% | $7.5M | $4.4M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06265 | +0.080% | $2.1M | $3.4M | 50x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAPShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0100% | 4h | 0.06266 | +0.096% | $1.0M | $447K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06266 | +0.096% | $11.2M | $2.8M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06273 | +0.208% | $1.5M | $354K | 50x | as long as short |
| Bitget PYTHUSDTshort | +0.0100% | 4h | 0.06265 | +0.080% | $2.6M | $2.2M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06271 | +0.176% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06276 | +0.248% | $39K | $24K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06273 | +0.204% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06270 | +0.160% | $22K | — | 3x | as long as short |
| BloFin PYTH-USDT | +0.0152% | 4h | 0.06269 | +0.144% | $426K | $72K | 75x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06270 | +0.155% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0381% | 1h | 0.06277 | +0.267% | $381K | $253K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0640% | 1h | 0.06330 | +1.118% | $39K | $20K | 25x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0780% | 1h | 0.06280 | +0.321% | $35K | $53K | 10x | as long as short |
Gate PYTH_USDT
MEXC PYTH_USDT
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
BloFin PYTH-USDT
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Backpack PYTH_USDC_PERP