data as of
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Funding arb /

PYTH

all PYTH markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.0079%/8h
next payment, per $10,000−$0.10paid, last 24h−0.100%paid, last 7 days−0.457%to open and closeno order book
Long on Kraken FuturesShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PYTHUSD0.064170.0179pay 0.0022% / 1h38m 22s$387K$228K25x
ShortHyperliquid PYTH0.064110.0100get 0.0013% / 1h38m 22s$1.7M$1.5M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$16.5
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$35.5
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.100%
Avg gap 7d
−0.095%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago15.58 bp20.6 bp −$21560.4 bp −$5,604doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago2.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX PYTH-USD0.0000%1h$191K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h$577$46K5.5xas long as short
Gate PYTH_USDT+0.0074%4h$1.1M$458K75xas long as short
Lighter PYTH+0.0096%1h$196K$194K5xas long as short
Paradex PYTH-USD-PERP+0.0097%8h$3K$5610xas long as short
Hyperliquid PYTHshort+0.0100%1h$1.7M$1.5M5x
Aster PYTHUSDT+0.0100%4h$21K$34K10xas long as short
Binance PYTHUSDT+0.0100%4h$9.3M$15.7M75xas long as short
Bybit PYTHUSDT+0.0100%4h$7.8M$4.4M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h$2.1M$3.5M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
MEXC PYTH_USDT+0.0100%4h$9.4M$2.7M125xas long as short
KuCoin PYTHUSDTM+0.0100%4h$1.5M$374K50xas long as short
Bitget PYTHUSDT+0.0100%4h$2.6M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h—$2.9M—as long as short
Variational Omni PYTH+0.0100%4h$46K$15K—as long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h$3K$1K10xas long as short
Aevo PYTH-PERP+0.0104%1h$23K—3xas long as short
BloFin PYTH-USDT+0.0135%4h$443K$142K75xas long as short
Backpack PYTH_USDC_PERP+0.0148%1h$36K$86K10xas long as short
Kraken Futures PF_PYTHUSDlong+0.0179%1h$387K$228K25x
Reya PYTHRUSDPERP+0.0302%1h——20xas long as short
Coinbase International PYTH-PERP-INTX+0.0304%1h$41K$10K25xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0373%1h$10K$10K10xas long as short