PYTH

Alert

Funding spread now, next payment 17:00 UTC−0.0252%/8h

paid, last 24h−0.103%paid, last 3 days−0.577%to open and closeno order book

Long on Kraken Futures Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PYTHUSD	0.06527	0.0352	pay 0.0044% / 1h	19m 41s	$402K	$223K	25x
Short	Variational Omni PYTH	0.06546	0.0100	get 0.0050% / 4h	3h 19m	$47K	$14K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersRate

Funding earned: −$52.89
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$62.89
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 25 min ago; Variational Omni: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.287%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 25 min ago	23.54 bp	28.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PYTH_USDT	+0.0006%	4h	$1.2M	$451K	75x	as long as short
dYdX PYTH-USD	+0.0008%	1h	$194K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
Lighter PYTH	+0.0096%	1h	$197K	$192K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0097%	8h	$3K	$56	10x	as long as short
BloFin PYTH-USDT	+0.0097%	4h	$452K	$141K	75x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.8M	$1.4M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$24K	$30K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.6M	$15.5M	75x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$7.9M	$4.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.4M	50x	as long as short
MEXC PYTH_USDT	+0.0100%	4h	$9.6M	$2.8M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$376K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.9M	—	as long as short
Variational Omni PYTHshort	+0.0100%	4h	$47K	$14K	—
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$814	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	$41K	$10K	25x	as long as short
Backpack PYTH_USDC_PERP	+0.0265%	1h	$36K	$85K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Kraken Futures PF_PYTHUSDlong	+0.0352%	1h	$402K	$223K	25x
Deribit PYTH_USDC-PERPETUAL	+0.0362%	1h	$11K	$10K	10x	as long as short