Funding you earn now, next payment 05:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.025%
Price spread now: Gate against Injective+1.150%84s7-day average +0.242% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)−0.725%−$73 · spread now +1.150%, 7d avg +0.242%
=The price spread pays, funding is against you. Gate is 0.908% dearer against Injective than usual: you sell high and buy low (spread +1.150% now, against its 7-day average of +0.242%): +$91 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 days. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you. The two prices were read 84 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 | 7m 49s | $553 | $220K | 5.5x |
| Short | Gate PYTH_USDT | 0.06332 | −0.0038 | pay 0.0019% / 4h | 3h 07m | $1.0M | $518K | 75x |
Injective PYTH/USDC PERP
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$14.98
- Price spread: +1.150% → +0.242%
- $90.79
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $60.79
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago | 3.94 bp | 36.3 bp −$36 | doesn't fit | 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 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 | −0.0115% | 1h | 0.06347 | +1.396% | $38K | $63K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06349 | +1.422% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDTshort | −0.0038% | 4h | 0.06332 | +1.150% | $1.0M | $518K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | +1.434% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| MEXC PYTH_USDT | +0.0036% | 4h | 0.06341 | +1.294% | $10.7M | $2.9M | 125x | as long as short |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06342 | +1.310% | $9.1M | $18.4M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0037% | 4h | 0.06340 | +1.278% | $426K | $77K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06340 | +1.280% | $23K | — | 3x | as long as short |
| Aster PYTHUSDT | +0.0092% | 4h | 0.06349 | +1.416% | $20K | $45K | 10x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Aevo PYTH-PERP
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06351 | +1.454% | $194K | $211K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06332 | +1.147% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06352 | +1.474% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06344 | +1.342% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06340 | +1.278% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06340 | +1.278% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06341 | +1.294% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06343 | +1.326% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | +1.443% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06339 | +1.257% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +3.722% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0299% | 1h | 0.06347 | +1.384% | $388K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06333 | +1.172% | — | — | 20x | 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
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP