Funding you earn now, next payment 05:00 UTC−0.0198%/8h= −21.6% APRpaid last 24h −0.021%
Price spread now: Orderly against Kraken Futures−0.107%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.107% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06383 | 0.0298 | pay 0.0037% / 1h | 26m 17s | $393K | $297K | 25x |
| Short | Orderly PERP_PYTH_USDC_mythos | 0.06376 | 0.0100 | get 0.0050% / 4h | 3h 26m | $2K | $2K | 10x |
Kraken Futures PF_PYTHUSD
Orderly PERP_PYTH_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$41.51
- Price spread: −0.107% → 0.000%
- −$10.73
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$68.23
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 27 min ago; Orderly: no order-book sample. 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 Kraken Futures live order book, 27 min ago | 13.18 bp | 28.6 bp −$29 | 628.0 bp −$6,280 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 0.06374 | −0.145% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06380 | −0.048% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | +0.0024% | 4h | 0.06365 | −0.283% | $1.0M | $518K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.928% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0067% | 4h | 0.06377 | −0.095% | $425K | $78K | 75x | as long as short |
| Binance PYTHUSDT | +0.0068% | 4h | 0.06374 | −0.142% | $9.1M | $18.3M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0072% | 4h | 0.06373 | −0.157% | $10.7M | $2.8M | 125x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0090% | 1h | 0.06382 | −0.015% | $38K | $63K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06386 | +0.046% | $193K | $209K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06377 | −0.087% | $23K | — | 3x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Backpack PYTH_USDC_PERP
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 | 0.06384 | +0.017% | $20K | $45K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06362 | −0.336% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06379 | −0.065% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06374 | −0.142% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06377 | −0.095% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06372 | −0.173% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06377 | −0.095% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06373 | −0.157% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06411 | +0.436% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythosshort | +0.0100% | 4h | 0.06376 | −0.107% | $2K | $2K | 10x | |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +1.723% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0298% | 1h | 0.06383 | long leg | $393K | $297K | 25x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06366 | −0.266% | — | — | 20x | as long as short |
Aster PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP