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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Bitget against Paradex−0.019%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PYTH-USD-PERP0.063710.0100pay 0.0100% / 8h7h 57m$3K$5610x
ShortBitget PYTHUSDT0.063700.0100get 0.0050% / 4h3h 57m$2.7M$2.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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
$0.09
Price spread: −0.019% → 0.000%
−$1.93
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.84
Costs to cover
0.160%
Break-even
1361.1 days
Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Bitget live order book, 10 min ago2.38 bp17.7 bp −$1834.6 bp −$346doesn't fitdoesn't fit
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC PYTH_USDT−0.0176%4h0.06373+0.028%$9.6M$2.3M125xas long as short
Binance PYTHUSDT−0.0174%4h0.06369−0.035%$9.1M$17.4M75xas long as short
BloFin PYTH-USDT−0.0147%4h0.06359−0.192%$422K$115K75xas long as short
Kraken Futures PF_PYTHUSD−0.0136%1h0.063710.000%$389K$277K25xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06367−0.066%$38K$14K25xas long as short
Aster PYTHUSDT−0.0004%4h0.06361−0.165%$22K$44K10xas long as short
dYdX PYTH-USD0.0000%1h0.06373+0.029%$189K$195xas long as short
Aevo PYTH-PERP+0.0032%1h0.06365−0.096%$23K3xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.746%$553$220K5.5xas long as short
Lighter PYTH+0.0096%1h0.06377+0.091%$201K$197K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERPlong+0.0100%8h0.06371long leg$3K$5610x
Hyperliquid PYTH+0.0100%1h0.06371−0.005%$1.9M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06375+0.059%$7.6M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06375+0.059%$2.1M$3.4M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06359−0.192%$1.1M$463K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06373+0.028%$1.5M$323K50xas long as short
Bitget PYTHUSDTshort+0.0100%4h0.06370−0.019%$2.7M$2.1M75x
BingX PYTH-USDT+0.0100%4h0.06363−0.129%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06350−0.331%$44K$22Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06365−0.104%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06361−0.155%20xas long as short
Backpack PYTH_USDC_PERP+0.0993%1h0.06374+0.037%$35K$90K10xas long as short
Deribit PYTH_USDC-PERPETUAL+0.1006%1h0.06379+0.122%$10K$10K10xas long as short