PYTH

Alert

Funding spread now, next payment 16:00 UTC+0.0080%/8h

next payment, per $10,000+$0.10paid, last 24h−0.027%paid, last 5 days−0.191%to open and closeno order book

Long on Lighter Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PYTH	0.06556	0.0096	pay 0.0012% / 1h	23m 03s	$198K	$192K	5x
Short	Coinbase International PYTH-PERP-INTX	0.06648	0.0176	get 0.0022% / 1h	23m 03s	$41K	$10K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersRate

Funding earned: $16.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $6.8
Break-even: 4.2 days

Slippage unknown: Lighter: live order book, 13 min ago; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.403%
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 Lighter live order book, 13 min ago	3.78 bp	17.5 bp −$18	98.4 bp −$984	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
dYdX PYTH-USD	+0.0009%	1h	$195K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
Gate PYTH_USDT	+0.0040%	4h	$1.2M	$451K	75x	as long as short
Lighter PYTHlong	+0.0096%	1h	$198K	$192K	5x
Paradex PYTH-USD-PERP	+0.0096%	8h	$3K	$56	10x	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	$15.4M	75x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$7.9M	$4.4M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PYTH_USDT	+0.0100%	4h	$9.7M	$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 PYTH	+0.0100%	4h	$47K	$14K	—	as long as short
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
BloFin PYTH-USDT	+0.0142%	4h	$452K	$141K	75x	as long as short
Coinbase International PYTH-PERP-INTXshort	+0.0176%	1h	$41K	$10K	25x
Backpack PYTH_USDC_PERP	+0.0271%	1h	$37K	$85K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0350%	1h	$403K	$223K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0513%	1h	$11K	$10K	10x	as long as short