Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.016%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$710.715% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days−0.052%−$5 · spread now −0.016%, 7d avg −0.030%
Together, before fees−0.055%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PYTH-USDT-SWAP0.063310.0100pay 0.0050% / 4h2h 29m$2.1M$3.3M50x
ShortBitget PYTHUSDT0.063300.0100get 0.0050% / 4h2h 29m$2.6M$1.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.016% → −0.030%
$1.43
Slippage, 4 orders
−$49.48
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$70.05
Costs to cover
0.715%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago3.95 bp20.9 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago4.74 bp21.9 bp −$2237.9 bp −$379doesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0586%1h0.06350+0.300%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06336+0.084%$383K$240K25xas long as short
Gate PYTH_USDT−0.0074%4h0.06332+0.016%$1.1M$465K75xas long as short
Bybit PYTHUSDT−0.0055%4h0.063310.000%$7.4M$4.9M50xas long as short
Binance PYTHUSDT−0.0012%4h0.06327−0.063%$9.1M$15.9M75xas long as short
MEXC PYTH_USDT−0.0010%4h0.06327−0.063%$9.3M$2.4M125xas long as short
dYdX PYTH-USD0.0000%1h0.06340+0.137%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06342+0.174%$10K$10K10xas long as short
BloFin PYTH-USDT+0.0008%4h0.06329−0.032%$423K$118K75xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.580%$40K$6K25xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0080%1h0.06325−0.095%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06339+0.126%$196K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06330−0.020%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06335+0.071%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06334+0.050%$20K$24K10xas long as short
OKX PYTH-USDT-SWAPlong+0.0100%4h0.06331long leg$2.1M$3.3M50x
KuCoin PYTHUSDTM+0.0100%4h0.06335+0.063%$1.5M$304K50xas long as short
Bitget PYTHUSDTshort+0.0100%4h0.06330−0.016%$2.6M$1.9M75x
BingX PYTH-USDT+0.0100%4h0.063310.000%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06335+0.067%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06331−0.005%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0230%1h0.06338+0.107%$38K$87K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06329−0.024%20xas long as short