Funding you earn now, next payment 04:00 UTC+0.0276%/8h= +30.2% APRnext payment +$1.38 per $10,000 · paid last 24h +0.010%
Price spread now: Bitget against MEXC−0.047%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.047%, 7d avg +0.014%
=Funding pays, the price is against you. Bitget is 0.061% cheaper against MEXC than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.014%). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.086% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06373 | −0.0176 | get 0.0088% / 4h | 3h 57m | $9.6M | $2.3M | 125x |
| Short | Bitget PYTHUSDT | 0.06370 | 0.0100 | get 0.0050% / 4h | 3h 57m | $2.7M | $2.1M | 75x |
MEXC PYTH_USDT
Bitget PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- $57.96
- Price spread: −0.047% → +0.014%
- −$6.11
- Slippage, 4 orders
- −$31.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $8.35
- Costs to cover
- 0.435%
- Break-even
- 6.0 days
Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 10 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 MEXC live order book, 5 min ago | 3.93 bp | 3.9 bp −$4 | 8.4 bp −$84 | 80.1 bp −$8,014 | 195.4 bp −$97.7K |
| Sell Bitget live order book, 10 min ago | 2.38 bp | 17.7 bp −$18 | 34.6 bp −$346 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDTlong | −0.0176% | 4h | 0.06373 | long leg | $9.6M | $2.3M | 125x | |
| Binance PYTHUSDT | −0.0174% | 4h | 0.06369 | −0.063% | $9.1M | $17.4M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0147% | 4h | 0.06359 | −0.220% | $422K | $115K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06371 | −0.028% | $389K | $277K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06367 | −0.094% | $38K | $14K | 25x | as long as short |
| Aster PYTHUSDT | −0.0004% | 4h | 0.06361 | −0.193% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06373 | +0.002% | $189K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06365 | −0.124% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.773% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06377 | +0.063% | $201K | $197K | 5x | as long as short |
Binance PYTHUSDT
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06371 | −0.028% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06371 | −0.033% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06375 | +0.031% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06375 | +0.031% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06359 | −0.220% | $1.1M | $463K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06373 | 0.000% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDTshort | +0.0100% | 4h | 0.06370 | −0.047% | $2.7M | $2.1M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06363 | −0.157% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.359% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06365 | −0.132% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06361 | −0.183% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0993% | 1h | 0.06374 | +0.009% | $35K | $90K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1006% | 1h | 0.06379 | +0.094% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL