Funding you earn now, next payment 23:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h −0.045%
Price spread now: BloFin against Kraken Futures+0.005%7-day average −0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$920.915% of the position
Funding, last 7 days−0.534%−$53 on $10k
+Price spread, last 3 days (all we have)−0.354%−$35 · spread now +0.005%, 7d avg −0.187%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.192% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.187%. Mind the row above: over the last 7 days funding on this pair cost −0.534%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06289 | −0.0208 | get 0.0026% / 1h | 6m 55s | $382K | $248K | 25x |
| Short | BloFin PYTH-USDT | 0.06289 | −0.0105 | pay 0.0052% / 4h | 1h 06m | $420K | $114K | 75x |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. 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
- $21.69
- Price spread: +0.005% → −0.187%
- $19.23
- Slippage, 4 orders
- −$69.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$50.59
- Costs to cover
- 0.915%
- Break-even
- 23.3 days
Slippage from Kraken Futures: live order book, 11 min ago; BloFin: live order book, 9 min ago.
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 Kraken Futures live order book, 11 min ago | 9.55 bp | 25.3 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.80 bp | 21.6 bp −$22 | 37.8 bp −$378 | 117.8 bp −$11.8K | doesn't fit |
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 PERP | −0.0428% | 1h | 0.06260 | −0.456% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDlong | −0.0208% | 1h | 0.06289 | long leg | $382K | $248K | 25x | |
| BloFin PYTH-USDTshort | −0.0105% | 4h | 0.06289 | +0.005% | $420K | $114K | 75x | |
| Binance PYTHUSDT | −0.0098% | 4h | 0.06285 | −0.057% | $9.0M | $17.0M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0094% | 4h | 0.06285 | −0.059% | $9.2M | $2.3M | 125x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0068% | 1h | 0.06289 | +0.005% | $10K | $10K | 10x | as long as short |
| Bybit PYTHUSDT | −0.0062% | 4h | 0.06290 | +0.021% | $7.4M | $4.7M | 50x | as long as short |
| Gate PYTH_USDT | −0.0042% | 4h | 0.06281 | −0.122% | $1.1M | $480K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06295 | +0.102% | $187K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06285 | −0.059% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Binance PYTHUSDT
MEXC PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
Bybit PYTHUSDT
Gate PYTH_USDT
dYdX PYTH-USD
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0058% | 4h | 0.06282 | −0.102% | $25K | $40K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.263% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06294 | +0.084% | $201K | $215K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06277 | −0.189% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06293 | +0.069% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06292 | +0.053% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06289 | +0.005% | $1.5M | $310K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06289 | +0.005% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06287 | −0.027% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06293 | +0.073% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06283 | −0.088% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06282 | −0.100% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06285 | −0.060% | — | — | 20x | as long as short |
Aster PYTHUSDT
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP