Funding you earn now, next payment 00:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against OKX+0.064%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.064%, 7d avg +0.001%
=The price spread pays, funding is against you. Bybit is 0.062% dearer against OKX than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.001%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.056% in total) that is about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06269 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $2.1M | $3.4M | 50x |
| Short | Bybit PYTHUSDT | 0.06273 | −0.0048 | pay 0.0024% / 4h | 1h 30m | $7.4M | $5.1M | 50x |
OKX PYTH-USDT-SWAP
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$31.05
- Price spread: +0.064% → +0.001%
- $6.25
- Slippage, 4 orders
- −$61.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$107.43
- Costs to cover
- 0.826%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 OKX live order book, 2 min ago | 2.39 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.18 bp | 26.4 bp −$26 | 84.3 bp −$843 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.144% | $553 | $220K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0387% | 1h | 0.06278 | +0.144% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0209% | 1h | 0.06274 | +0.080% | $381K | $252K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0050% | 4h | 0.06279 | +0.160% | $421K | $114K | 75x | as long as short |
| Bybit PYTHUSDTshort | −0.0048% | 4h | 0.06273 | +0.064% | $7.4M | $5.1M | 50x | |
| Gate PYTH_USDT | −0.0042% | 4h | 0.06268 | −0.016% | $1.1M | $479K | 75x | as long as short |
| Binance PYTHUSDT | −0.0027% | 4h | 0.06268 | −0.015% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0022% | 4h | 0.06268 | −0.016% | $9.1M | $2.3M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06276 | +0.116% | $186K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06271 | +0.033% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.584% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06275 | +0.096% | $196K | $208K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06265 | −0.061% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06275 | +0.100% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06281 | +0.191% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06269 | long leg | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06279 | +0.160% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06271 | +0.032% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06270 | +0.016% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06277 | +0.128% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06281 | +0.195% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06272 | +0.040% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06270 | +0.011% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP