PYTH

Alert

Funding spread now, next payment 20:00 UTC−0.0607%/8h

paid, last 24h−0.023%paid, last 4 days−0.210%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.210% in total (about -20.4% a year). A funding rate is set anew for every payment. 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	OKX PYTH-USDT-SWAP	0.06347	0.0100	pay 0.0050% / 4h	55m 09s	$2.0M	$3.5M	50x
Short	Injective PYTH/USDC PERP	0.06376	−0.0507	pay 0.0063% / 1h	55m 09s	$564	$94K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee InjectivebpOrdersRate

Funding earned: −$127.42
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$137.44
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.457%
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 OKX live order book, 4 min ago	1.57 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective PYTH/USDC PERPshort	−0.0507%	1h	$564	$94K	5.5x
Kraken Futures PF_PYTHUSD	−0.0249%	1h	$383K	$228K	25x	as long as short
Bybit PYTHUSDT	−0.0211%	4h	$7.5M	$4.8M	50x	as long as short
Gate PYTH_USDT	−0.0172%	4h	$1.1M	$518K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	$189K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	$10K	$10K	10x	as long as short
Paradex PYTH-USD-PERP	+0.0091%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$197K	$201K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.4M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$21K	$34K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PYTHUSDT	+0.0100%	4h	$9.1M	$15.8M	75x	as long as short
OKX PYTH-USDT-SWAPlong	+0.0100%	4h	$2.0M	$3.5M	50x
MEXC PYTH_USDT	+0.0100%	4h	$9.6M	$2.5M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$346K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	$38K	$90K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	$44K	$17K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$1K	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
BloFin PYTH-USDT	+0.0133%	4h	$432K	$128K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0232%	1h	$39K	$9K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short