PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.031%

Price spread now: Deribit against Injective+1.581%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 1.581% dearer against Injective than usual: you sell high and buy low (spread +1.581% now, against zero (this spread has no 7-day history yet)): +$158 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 54 days.

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	48m 42s	$553	$220K	5.5x
Short	Deribit PYTH_USDC-PERPETUAL	0.06359	−0.0064	pay 0.0008% / 1h	48m 42s	$10K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee DeribitbpOrdersPrice spread, now +1.581%Rate

Funding earned: −$20.53
Price spread: +1.581% → 0.000%: $158.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $130.6
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample	—	—	—	—	—

Injective and Deribit: 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
Kraken Futures PF_PYTHUSD	−0.0396%	1h	0.06363	+1.639%	$379K	$264K	25x	as long as short
Binance PYTHUSDT	−0.0088%	4h	0.06360	+1.604%	$9.1M	$17.1M	75x	as long as short
MEXC PYTH_USDT	−0.0084%	4h	0.06360	+1.597%	$9.6M	$2.3M	125x	as long as short
BloFin PYTH-USDT	−0.0067%	4h	0.06357	+1.550%	$420K	$116K	75x	as long as short
Deribit PYTH_USDC-PERPETUALshort	−0.0064%	1h	0.06359	+1.581%	$10K	$10K	10x
dYdX PYTH-USD	0.0000%	1h	0.06369	+1.743%	$189K	$19	5x	as long as short
Gate PYTH_USDT	+0.0006%	4h	0.06357	+1.550%	$1.1M	$474K	75x	as long as short
Bybit PYTHUSDT	+0.0013%	4h	0.06361	+1.613%	$7.5M	$4.8M	50x	as long as short
Injective PYTH/USDC PERPlong	+0.0033%	1h	0.06260	long leg	$553	$220K	5.5x
Aevo PYTH-PERP	+0.0064%	1h	0.06360	+1.597%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0069%	4h	0.06360	+1.597%	$22K	$44K	10x	as long as short
Lighter PYTH	+0.0096%	1h	0.06371	+1.773%	$201K	$217K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06357	+1.549%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06365	+1.681%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06363	+1.645%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06366	+1.693%	$1.5M	$316K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06362	+1.629%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06364	+1.661%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06363	+1.649%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06362	+1.626%	$3K	$1K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06328	+1.086%	$39K	$6K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06363	+1.644%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0591%	1h	0.06367	+1.717%	$36K	$89K	10x	as long as short