PYTH

Alert

Funding spread now, next payment 16:00 UTC+0.0018%/8h

next payment, per $10,000+$0.09paid, last 24h+0.006%paid, last 3 days−0.022%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PYTH_USDT	0.06510	0.0082	pay 0.0041% / 4h	1h 00m	$9.6M	$2.8M	125x
Short	Variational Omni PYTH	0.06511	0.0100	get 0.0050% / 4h	1h 00m	$46K	$17K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Variational OmnibpOrdersRate

Funding earned: $3.78
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.78
Break-even: 0.0 days

Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.015%
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 MEXC live order book, 4 min ago	2.30 bp	5.1 bp −$5	10.8 bp −$108	86.4 bp −$8,643	170.2 bp −$85.1K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Kraken Futures PF_PYTHUSD	−0.0311%	1h	$404K	$212K	25x	as long as short
dYdX PYTH-USD	0.0000%	1h	$193K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$80K	5.5x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0072%	1h	$41K	$11K	25x	as long as short
Binance PYTHUSDT	+0.0081%	4h	$9.4M	$14.3M	75x	as long as short
MEXC PYTH_USDTlong	+0.0082%	4h	$9.6M	$2.8M	125x
Aster PYTHUSDT	+0.0085%	4h	$24K	$30K	10x	as long as short
Lighter PYTH	+0.0096%	1h	$199K	$193K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0098%	8h	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.9M	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PYTHUSDT	+0.0100%	4h	$8.0M	$4.5M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.3M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	$1.2M	$439K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.6M	$393K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$1.7M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	$26K	$80K	10x	as long as short
Variational Omni PYTHshort	+0.0100%	4h	$46K	$17K	—
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$798	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
BloFin PYTH-USDT	+0.0322%	4h	$444K	$124K	75x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0364%	1h	$11K	$10K	10x	as long as short