Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.049%
Price spread now: KuCoin against Injective+1.805%100s7-day average +0.305% · 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)−1.265%−$126 · spread now +1.805%, 7d avg +0.305%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 1.500% dearer against Injective than usual: you sell high and buy low: +$150 more if the spread goes back to its 7-day average of +0.305%. The two prices were read 100 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 | 25m 38s | $553 | $220K | 5.5x |
| Short | KuCoin PYTHUSDTM | 0.06373 | 0.0100 | get 0.0050% / 4h | 3h 25m | $1.5M | $346K | 50x |
Injective PYTH/USDC PERP
KuCoin PYTHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +1.805% → +0.305%
- $150.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $152.01
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 6.25 bp | 100.6 bp −$101 | 680.0 bp −$6,800 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06383 | +1.961% | $190K | $19 | 5x | as long as short |
| Gate PYTH_USDT | 0.0000% | 4h | 0.06364 | +1.661% | $1.0M | $518K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06380 | +1.917% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| MEXC PYTH_USDT | +0.0066% | 4h | 0.06369 | +1.741% | $10.7M | $2.8M | 125x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0066% | 1h | 0.06385 | +1.995% | $38K | $63K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0067% | 4h | 0.06377 | +1.869% | $425K | $78K | 75x | as long as short |
| Binance PYTHUSDT | +0.0068% | 4h | 0.06369 | +1.737% | $9.1M | $18.3M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06381 | +1.933% | $193K | $209K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06377 | +1.877% | $23K | — | 3x | as long as short |
dYdX PYTH-USD
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Backpack PYTH_USDC_PERP
BloFin PYTH-USDT
Binance PYTHUSDT
Lighter PYTH
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0097% | 4h | 0.06380 | +1.919% | $20K | $45K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06366 | +1.691% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06381 | +1.939% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06378 | +1.885% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06374 | +1.821% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06373 | +1.805% | $1.5M | $346K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06377 | +1.869% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06372 | +1.789% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06374 | +1.818% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06376 | +1.856% | $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 | +0.0298% | 1h | 0.06383 | +1.966% | $393K | $297K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06366 | +1.694% | — | — | 20x | as long as short |
Aster PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP