Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against Orderly+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.064% dearer against Orderly than usual: you sell high and buy low, +$6 on $10k if it 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 | 0.06387 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $2K | $2K | 10x |
| Short | Lighter PYTH | 0.06391 | 0.0096 | get 0.0012% / 1h | 28m 26s | $193K | $209K | 5x |
Orderly PERP_PYTH_USDC_mythos
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.064% → 0.000%
- $6.42
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$0.42
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 7 min ago. 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 Lighter live order book, 7 min ago | 3.13 bp | 11.2 bp −$11 | 93.1 bp −$931 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06397 | +0.154% | $190K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06390 | +0.049% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0025% | 4h | 0.06382 | −0.077% | $426K | $78K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.987% | $553 | $220K | 5.5x | as long as short |
| Gate PYTH_USDT | +0.0070% | 4h | 0.06384 | −0.045% | $1.1M | $518K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0082% | 4h | 0.06378 | −0.139% | $10.7M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0082% | 4h | 0.06379 | −0.124% | $9.1M | $18.3M | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06391 | +0.064% | $193K | $209K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06374 | −0.195% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06392 | +0.077% | $2.3M | $1.8M | 5x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Injective PYTH/USDC PERP
Gate PYTH_USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06392 | +0.086% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06386 | −0.014% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06383 | −0.061% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06387 | +0.002% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06388 | +0.017% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06385 | −0.030% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06387 | +0.008% | $38K | $63K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06411 | +0.375% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythoslong | +0.0100% | 4h | 0.06387 | long leg | $2K | $2K | 10x | |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06385 | −0.030% | $23K | — | 3x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +1.661% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0297% | 1h | 0.06388 | +0.018% | $394K | $297K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06379 | −0.119% | — | — | 20x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Aevo PYTH-PERP
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP