Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.009%
Price spread now: Binance against Lighter−0.184%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.184%, 7d avg −0.132%
=Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.052% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06353 | 0.0096 | pay 0.0012% / 1h | 20m 56s | $197K | $206K | 5x |
| Short | Binance PYTHUSDT | 0.06341 | 0.0014 | get 0.0007% / 4h | 2h 20m | $9.1M | $15.9M | 75x |
Lighter PYTH
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$17.3
- Price spread: −0.184% → −0.132%
- −$5.19
- Slippage, 4 orders
- −$41.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.71
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 61 min ago; Binance: live order book, 5 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 Lighter live order book, 61 min ago | 3.91 bp | 15.6 bp −$16 | 96.4 bp −$964 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.79 bp | 12.5 bp −$12 | 34.5 bp −$345 | 297.5 bp −$29.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | −0.047% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0380% | 1h | 0.06348 | −0.079% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06346 | −0.106% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0036% | 4h | 0.06351 | −0.031% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06358 | +0.074% | $189K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0008% | 4h | 0.06342 | −0.173% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0014% | 4h | 0.06341 | −0.184% | $9.1M | $15.9M | 75x | |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.228% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDT | +0.0062% | 4h | 0.06339 | −0.220% | $423K | $117K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06342 | −0.170% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTHlong | +0.0096% | 1h | 0.06353 | long leg | $197K | $206K | 5x | |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06352 | −0.021% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06350 | −0.046% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06345 | −0.129% | $20K | $24K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06347 | −0.094% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06346 | −0.110% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06349 | −0.063% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06345 | −0.126% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06352 | −0.016% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06343 | −0.153% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06348 | −0.083% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0217% | 1h | 0.06351 | −0.030% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06345 | −0.127% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP