Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against KuCoin−0.018%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$692as in the Funding arb table
Net, price: spread back to 7d avg − costs−$677as in the Price arb table
costs, in and out, $10k−$6716.713% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.018%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.059% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06342 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $1.5M | $348K | 50x |
| Short | dYdX PYTH-USD | 0.06341 | 0 | get 0.0000% / 1h | 48m 33s | $188K | $19 | 5x |
KuCoin PYTHUSDTM
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against KuCoin. 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
- Price spread: −0.018% → +0.041%
- −$5.89
- Slippage, 4 orders
- −$649.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$698.15
- Costs to cover
- 6.713%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; dYdX: live order book, just now.
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 KuCoin live order book, 2 min ago | 6.30 bp | 335.0 bp −$335 | 950.4 bp −$9,504 | doesn't fit | doesn't fit |
| Sell dYdX live order book, just now | 40.12 bp | 45.1 bp −$45 | 158.2 bp −$1,582 | 209.9 bp −$21.0K | 502.8 bp −$251.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0394% | 1h | 0.06344 | +0.030% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0084% | 4h | 0.06331 | −0.173% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06341 | −0.018% | $188K | $19 | 5x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06341 | −0.016% | $10K | $10K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.293% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0049% | 4h | 0.06332 | −0.158% | $423K | $76K | 75x | as long as short |
| Binance PYTHUSDT | +0.0050% | 4h | 0.06337 | −0.079% | $9.0M | $18.4M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0054% | 4h | 0.06336 | −0.095% | $10.6M | $2.6M | 125x | as long as short |
| Bybit PYTHUSDT | +0.0086% | 4h | 0.06338 | −0.063% | $7.5M | $4.8M | 50x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06347 | +0.079% | $194K | $206K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Bybit PYTHUSDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06338 | −0.063% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06334 | −0.127% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06345 | +0.052% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06340 | −0.030% | $20K | $45K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06338 | −0.063% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06342 | long leg | $1.5M | $348K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06336 | −0.095% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06338 | −0.063% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06349 | +0.109% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06341 | −0.024% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0235% | 1h | 0.06343 | +0.016% | $387K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06336 | −0.099% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +2.381% | $40K | $19K | 25x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX