Funding you earn now, next payment 22:00 UTC+0.0686%/8h= +75.1% APRpaid last 24h +0.042%
Price spread now: OKX against Injective−1.008%88s7-day average +0.142% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 3 days (all we have)+1.298%+$130 · spread now −1.008%, 7d avg +0.142%
=Funding pays, the price is against you. OKX is 1.150% cheaper against Injective than usual: you would sell low and buy high (spread −1.008% now, against its 7-day average of +0.142%). If the spread goes back, that is −$115 on $10k: about 5.6 days of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.202% in total) that is about 40 days. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYTH/USDC PERP | 0.06350 | −0.0586 | get 0.0073% / 1h | 9m 50s | $561 | $180K | 5.5x |
| Short | OKX PYTH-USDT-SWAP | 0.06286 | 0.0100 | get 0.0050% / 4h | 2h 09m | $2.1M | $3.3M | 50x |
Injective PYTH/USDC PERP
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $144.1
- Price spread: −1.008% → +0.142%
- −$115.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $19.05
- Costs to cover
- 0.100%
- Break-even
- 6.1 days
Slippage unknown: Injective: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 1.59 bp | 24.6 bp −$25 | 73.6 bp −$736 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERPlong | −0.0586% | 1h | 0.06350 | long leg | $561 | $180K | 5.5x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0226% | 1h | 0.06299 | −0.803% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0218% | 1h | 0.06293 | −0.894% | $381K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0062% | 4h | 0.06282 | −1.071% | $1.1M | $467K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0029% | 4h | 0.06302 | −0.756% | $423K | $115K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06298 | −0.826% | $187K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0012% | 4h | 0.06285 | −1.026% | $9.1M | $16.1M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0014% | 4h | 0.06288 | −0.976% | $9.3M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.276% | $40K | $6K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06290 | −0.945% | $22K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0087% | 4h | 0.06290 | −0.945% | $7.4M | $5.0M | 50x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06300 | −0.787% | $195K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06286 | −1.007% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06292 | −0.910% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06289 | −0.961% | $19K | $30K | 10x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06286 | −1.008% | $2.1M | $3.3M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06296 | −0.850% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06293 | −0.898% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06287 | −0.992% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06304 | −0.719% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06291 | −0.923% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0116% | 1h | 0.06297 | −0.830% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06292 | −0.918% | — | — | 20x | as long as short |
Bybit PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP