Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.021%
Price spread now: OKX against Kraken Futures−0.110%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days−0.474%−$47 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.110%, 7d avg −0.134%
=The price spread pays, funding is against you. OKX is 0.025% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.110% now, against its 7-day average of −0.134%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.474% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06302 | 0.0132 | pay 0.0016% / 1h | 59m 54s | $382K | $318K | 25x |
| Short | OKX PYTH-USDT-SWAP | 0.06295 | 0.0100 | get 0.0050% / 4h | 59m 54s | $2.1M | $3.6M | 50x |
Kraken Futures PF_PYTHUSD
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.63
- Price spread: −0.110% → −0.134%
- $2.45
- Slippage, 4 orders
- −$67.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$91.54
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 43 min ago; OKX: live order book, 2 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, 43 min ago | 15.01 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.79 bp | 17.5 bp −$18 | 91.0 bp −$910 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06300 | −0.030% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0001% | 1h | 0.06300 | −0.025% | $35K | $67K | 10x | as long as short |
| dYdX PYTH-USD | +0.0019% | 1h | 0.06305 | +0.047% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.665% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDT | +0.0054% | 4h | 0.06289 | −0.202% | $8.9M | $19.5M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0056% | 4h | 0.06290 | −0.189% | $10.4M | $2.7M | 125x | as long as short |
| BloFin PYTH-USDT | +0.0064% | 4h | 0.06304 | +0.033% | $423K | $72K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06304 | +0.033% | $193K | $218K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06295 | −0.110% | $22K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06286 | −0.250% | $3K | — | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Injective PYTH/USDC PERP
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Lighter PYTH
Aevo PYTH-PERP
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06302 | −0.006% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06288 | −0.228% | $21K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06292 | −0.157% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06295 | −0.110% | $2.1M | $3.6M | 50x | |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06299 | −0.046% | $1.0M | $537K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06293 | −0.141% | $1.5M | $370K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06292 | −0.157% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06288 | −0.221% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06297 | −0.079% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06293 | −0.146% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0132% | 1h | 0.06302 | long leg | $382K | $318K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06293 | −0.138% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +1.985% | $40K | $19K | 25x | as long as short |
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX