Funding you earn now, next payment 03:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.013%
Price spread now: Deribit against Orderly+0.104%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.104% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PYTH_USDC_mythos | 0.06359 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $3K | $2K | 10x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06366 | 0.0536 | get 0.0067% / 1h | 31m 44s | $10K | $10K | 10x |
Orderly PERP_PYTH_USDC_mythos
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- $91.57
- Price spread: +0.104% → 0.000%
- $10.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $88.95
- Costs to cover
- 0.130%
- Break-even
- 0.2 days
Slippage unknown: Orderly: no order-book sample; Deribit: no order-book sample. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Orderly and Deribit: 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: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0384% | 1h | 0.06361 | +0.024% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0240% | 4h | 0.06358 | −0.022% | $1.0M | $500K | 75x | as long as short |
| Binance PYTHUSDT | −0.0014% | 4h | 0.06363 | +0.057% | $9.1M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0014% | 4h | 0.06364 | +0.072% | $9.5M | $2.5M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06366 | +0.099% | $189K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0010% | 4h | 0.06361 | +0.031% | $20K | $46K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0032% | 4h | 0.06348 | −0.179% | $425K | $90K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.563% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06355 | −0.064% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06375 | +0.245% | $191K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Aster PYTHUSDT
BloFin PYTH-USDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06362 | +0.048% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06372 | +0.193% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06364 | +0.072% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06365 | +0.088% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06358 | −0.022% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06362 | +0.041% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06360 | +0.009% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06336 | −0.364% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythoslong | +0.0100% | 4h | 0.06359 | long leg | $3K | $2K | 10x | |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +0.151% | $39K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06359 | −0.008% | $388K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06355 | −0.063% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.0536% | 1h | 0.06366 | +0.104% | $10K | $10K | 10x |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP