Funding you earn now, next payment 08:00 UTC+0.0353%/8h= +38.6% APRpaid last 24h +0.020%
Price spread now: Kraken Futures against Paradex+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against Paradex than usual: you sell high and buy low: +$4 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 | Paradex PYTH-USD-PERP | 0.06297 | 0.0100 | pay 0.0100% / 8h | 16m 40s | $3K | — | 10x |
| Short | Kraken Futures PF_PYTHUSD | 0.06300 | 0.0453 | get 0.0057% / 1h | 16m 40s | $382K | $307K | 25x |
Paradex PYTH-USD-PERP
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Paradex. 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
- $74.1
- Price spread: +0.040% → 0.000%
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $64.12
- Costs to cover
- 0.140%
- Break-even
- 0.9 days
Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 21 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 21 min ago | 21.44 bp | 29.5 bp −$29 | 171.8 bp −$1,718 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06300 | +0.042% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | +0.0016% | 1h | 0.06300 | +0.039% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.593% | $553 | $220K | 5.5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0068% | 1h | 0.06304 | +0.111% | $35K | $67K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06302 | +0.074% | $194K | $221K | 5x | as long as short |
| BloFin PYTH-USDT | +0.0097% | 4h | 0.06287 | −0.164% | $427K | $72K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0098% | 4h | 0.06298 | +0.011% | $10.6M | $2.8M | 125x | as long as short |
| Paradex PYTH-USD-PERPlong | +0.0100% | 8h | 0.06297 | long leg | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06304 | +0.106% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06295 | −0.043% | $21K | $47K | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
Backpack PYTH_USDC_PERP
Lighter PYTH
BloFin PYTH-USDT
MEXC PYTH_USDT
Hyperliquid PYTH
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PYTHUSDT | +0.0100% | 4h | 0.06297 | −0.006% | $9.1M | $19.9M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06296 | −0.021% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06299 | +0.027% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06293 | −0.069% | $1.0M | $539K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06301 | +0.058% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06300 | +0.042% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06296 | −0.021% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06266 | −0.499% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06296 | −0.023% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06295 | −0.037% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06293 | −0.065% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0453% | 1h | 0.06300 | +0.040% | $382K | $307K | 25x | |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +2.059% | $40K | $19K | 25x | as long as short |
Binance PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX