Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter−0.079%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.079%, 7d avg −0.121%
=Together, before fees+0.154%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.043% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06358 | 0.0096 | pay 0.0012% / 1h | 15m 01s | $196K | $217K | 5x |
| Short | Bitget PYTHUSDT | 0.06353 | 0.0100 | get 0.0050% / 4h | 3h 15m | $2.7M | $2.3M | 75x |
Lighter PYTH
Bitget PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0.84
- Price spread: −0.079% → −0.121%
- $4.28
- Slippage, 4 orders
- −$64.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$71.72
- Costs to cover
- 0.768%
- Break-even
- 604.7 days
Slippage from Lighter: live order book, 65 min ago; Bitget: 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 Lighter live order book, 65 min ago | 3.96 bp | 23.2 bp −$23 | 101.3 bp −$1,013 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.94 bp | 19.2 bp −$19 | 45.4 bp −$454 | 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 | 0.06350 | −0.126% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | +0.0008% | 1h | 0.06351 | −0.112% | $189K | $13 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.541% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0091% | 4h | 0.06351 | −0.110% | $428K | $72K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0095% | 1h | 0.06356 | −0.033% | $35K | $53K | 10x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06358 | long leg | $196K | $217K | 5x | |
| MEXC PYTH_USDT | +0.0096% | 4h | 0.06348 | −0.157% | $11.4M | $3.0M | 125x | as long as short |
| Binance PYTHUSDT | +0.0099% | 4h | 0.06346 | −0.189% | $9.1M | $19.5M | 75x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06350 | −0.118% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06354 | −0.058% | $2.1M | $2.0M | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Backpack PYTH_USDC_PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06345 | −0.208% | $19K | $49K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06351 | −0.110% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06351 | −0.110% | $2.1M | $3.6M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06348 | −0.157% | $1.0M | $512K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06348 | −0.157% | $1.5M | $369K | 50x | as long as short |
| Bitget PYTHUSDTshort | +0.0100% | 4h | 0.06353 | −0.079% | $2.7M | $2.3M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06349 | −0.142% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | −0.156% | $40K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06348 | −0.159% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06350 | −0.120% | $23K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06340 | −0.282% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0464% | 1h | 0.06357 | −0.009% | $385K | $292K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0536% | 1h | 0.06427 | +1.085% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX