Funding you earn now, next payment 06:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.004%
Price spread now: dYdX against MEXC+0.351%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1021.018% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.351%, 7d avg +0.119%
=The price spread pays, funding is against you. dYdX is 0.232% dearer against MEXC than usual: you sell high and buy low (spread +0.351% now, against its 7-day average of +0.119%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PYTH_USDT | 0.06245 | 0.0028 | pay 0.0014% / 4h | 2h 29m | $10.5M | $2.7M | 125x |
| Short | dYdX PYTH-USD | 0.06267 | 0 | get 0.0000% / 1h | 29m 12s | $186K | $19 | 5x |
MEXC PYTH_USDT
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$5.88
- Price spread: +0.351% → +0.119%
- $23.18
- Slippage, 4 orders
- −$91.81
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$84.51
- Costs to cover
- 1.018%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; dYdX: live order book, 20 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, 4 min ago | 0.80 bp | 5.4 bp −$5 | 13.6 bp −$136 | 85.9 bp −$8,592 | 159.5 bp −$79.8K |
| Sell dYdX live order book, 20 min ago | 40.12 bp | 45.1 bp −$45 | 158.2 bp −$1,582 | 209.9 bp −$21.0K | 502.8 bp −$251.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0445% | 1h | 0.06253 | +0.125% | $38K | $63K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0229% | 1h | 0.06258 | +0.208% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0114% | 4h | 0.06252 | +0.112% | $1.0M | $529K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0012% | 4h | 0.06255 | +0.160% | $420K | $75K | 75x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06267 | +0.351% | $186K | $19 | 5x | |
| Binance PYTHUSDT | +0.0024% | 4h | 0.06255 | +0.156% | $8.9M | $18.8M | 75x | as long as short |
| MEXC PYTH_USDTlong | +0.0028% | 4h | 0.06245 | long leg | $10.5M | $2.7M | 125x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.240% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06256 | +0.184% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06255 | +0.160% | $192K | $209K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
BloFin PYTH-USDT
Binance PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-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 | 0.06249 | +0.071% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06266 | +0.344% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06255 | +0.164% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06255 | +0.160% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06248 | +0.048% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06266 | +0.336% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06245 | 0.000% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06249 | +0.064% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06249 | +0.065% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06256 | +0.183% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0238% | 1h | 0.06256 | +0.172% | $382K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06259 | +0.217% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +3.971% | $40K | $19K | 25x | 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
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX