Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.020%
Price spread now: dYdX against Injective+0.715%7-day average +0.310% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.715%, 7d avg +0.310%
=The price spread pays, funding is against you. dYdX is 0.405% dearer against Injective than usual: you sell high and buy low (spread +0.715% now, against its 7-day average of +0.310%): +$40 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 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 | 41m 19s | $553 | $220K | 5.5x |
| Short | dYdX PYTH-USD | 0.06305 | 0 | get 0.0000% / 1h | 41m 19s | $187K | $19 | 5x |
Injective PYTH/USDC PERP
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$7
- Price spread: +0.715% → +0.310%
- $40.47
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $23.45
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; dYdX: live order book, 18 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 dYdX live order book, 18 min ago | 31.53 bp | 60.2 bp −$60 | 155.7 bp −$1,557 | 295.6 bp −$29.6K | 1263.3 bp −$631.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0404% | 1h | 0.06306 | +0.728% | $38K | $59K | 10x | as long as short |
| Gate PYTH_USDT | −0.0180% | 4h | 0.06295 | +0.559% | $1.0M | $506K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0067% | 1h | 0.06309 | +0.783% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06305 | +0.715% | $187K | $19 | 5x | |
| BloFin PYTH-USDT | +0.0015% | 4h | 0.06318 | +0.927% | $352K | $81K | 75x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Aster PYTHUSDT | +0.0033% | 4h | 0.06307 | +0.753% | $20K | $44K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0038% | 4h | 0.06297 | +0.591% | $10.0M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0040% | 4h | 0.06299 | +0.623% | $9.0M | $18.0M | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06306 | +0.730% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Aster PYTHUSDT
MEXC PYTH_USDT
Binance PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06309 | +0.783% | $190K | $207K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06297 | +0.591% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06306 | +0.741% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06299 | +0.623% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06300 | +0.639% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06307 | +0.751% | $1.5M | $345K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06300 | +0.639% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06298 | +0.607% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06314 | +0.860% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06302 | +0.663% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06324 | +1.022% | $39K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06296 | +0.570% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0415% | 1h | 0.06305 | +0.720% | $384K | $293K | 25x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD