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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against OKX+0.127%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$510as in the Funding arb table
Net, price: spread back to 7d avg − costs−$500as in the Price arb table
costs, in and out, $10k−$5105.104% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.210%−$21 · spread now +0.127%, 7d avg +0.025%
Together, before fees−0.210%−$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.102% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PYTH-USDT-SWAP0.062950.0100pay 0.0050% / 4h12m 10s$2.1M$3.5M50x
ShortKuCoin PYTHUSDTM0.063030.0100get 0.0050% / 4h12m 10s$1.5M$371K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.127% → +0.025%
$10.18
Slippage, 4 orders
−$488.43
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$500.25
Costs to cover
5.104%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; KuCoin: 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, 5 min ago2.38 bp19.0 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago6.36 bp304.3 bp −$304765.2 bp −$7,652doesn'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
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06301+0.095%$10K$10K10xas long as short
dYdX PYTH-USD+0.0014%1h0.06305+0.161%$187K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.556%$553$220K5.5xas long as short
Backpack PYTH_USDC_PERP+0.0085%1h0.06300+0.084%$35K$67K10xas long as short
Lighter PYTH+0.0096%1h0.06301+0.095%$194K$221K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06298+0.047%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06298+0.052%$2.2M$1.9M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06298+0.047%$21K$47K10xas long as short
Binance PYTHUSDT+0.0100%4h0.06293−0.038%$9.1M$19.9M75xas long as short
Bybit PYTHUSDT+0.0100%4h0.06297+0.032%$7.5M$5.0M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PYTH-USDT-SWAPlong+0.0100%4h0.06295long leg$2.1M$3.5M50x
Gate PYTH_USDT+0.0100%4h0.06293−0.032%$1.0M$539K75xas long as short
MEXC PYTH_USDT+0.0100%4h0.06293−0.032%$10.6M$2.8M125xas long as short
KuCoin PYTHUSDTMshort+0.0100%4h0.06303+0.127%$1.5M$371K50x
Bitget PYTHUSDT+0.0100%4h0.06299+0.064%$2.7M$2.3M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06293−0.032%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06296+0.008%$40K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06300+0.084%$2K$2K10xas long as short
BloFin PYTH-USDT+0.0101%4h0.06298+0.048%$427K$72K75xas long as short
Aevo PYTH-PERP+0.0104%1h0.062950.000%$22K3xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06300+0.086%20xas long as short
Kraken Futures PF_PYTHUSD+0.0453%1h0.06298+0.047%$382K$304K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0472%1h0.06427+2.097%$40K$19K25xas long as short