data as of
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Funding arb /

PYTH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC+0.0004%/8h
paid, last 24h−0.005%paid, last 7 days−0.084%to open and close $10k−$38
Long on LighterShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PYTH0.063880.0096pay 0.0012% / 1h27m 05s$198K$203K5x
ShortMEXC PYTH_USDT0.063790.0100get 0.0050% / 4h1h 27m$9.7M$2.6M125x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$37.64
Fee Lighter: 0 bp × 2 orders
$0
Fee MEXC: 0 bp × 2 orders
$0
Net
−$36.8
Break-even
313.6 days
Slippage from Lighter: live order book, 64 min ago; MEXC: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.141%
Avg gap 7d
−0.127%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 64 min ago3.90 bp16.7 bp −$1783.2 bp −$832doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago1.57 bp6.4 bp −$617.3 bp −$17397.7 bp −$9,774206.4 bp −$103.2K

PYTH on 23 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_PYTHUSD−0.0488%1h$385K$228K25xas long as short
Gate PYTH_USDT−0.0090%4h$1.1M$525K75xas long as short
Bybit PYTHUSDT−0.0090%4h$7.5M$4.8M50xas long as short
dYdX PYTH-USD0.0000%1h$190K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h$10K$10K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h$577$46K5.5xas long as short
Paradex PYTH-USD-PERP+0.0095%8h$3K$5610xas long as short
Lighter PYTHlong+0.0096%1h$198K$203K5x
Hyperliquid PYTH+0.0100%1h$1.7M$1.4M5xas long as short
Aster PYTHUSDT+0.0100%4h$21K$34K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance PYTHUSDT+0.0100%4h$9.2M$15.8M75xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h$2.0M$3.5M50xas long as short
MEXC PYTH_USDTshort+0.0100%4h$9.7M$2.6M125x
KuCoin PYTHUSDTM+0.0100%4h$1.5M$348K50xas long as short
Bitget PYTHUSDT+0.0100%4h$2.6M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h—$2.9M—as long as short
Backpack PYTH_USDC_PERP+0.0100%1h$39K$91K10xas long as short
Variational Omni PYTH+0.0100%4h$44K$17K—as long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h$3K$1K10xas long as short
Aevo PYTH-PERP+0.0104%1h$23K—3xas long as short
BloFin PYTH-USDT+0.0134%4h$435K$128K75xas long as short
Reya PYTHRUSDPERP+0.0302%1h——20xas long as short
Coinbase International PYTH-PERP-INTX+0.0352%1h$40K$10K25xas long as short