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: KuCoin against Paradex−0.037%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.037% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PYTH-USD-PERP0.064780.0100pay 0.0100% / 8h7h 04m$3K10x
ShortKuCoin PYTHUSDTM0.064760.0100get 0.0050% / 4h3h 04m$1.5M$326K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0.03
Price spread: −0.037% → 0.000%
−$3.71
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$19.68
Costs to cover
0.160%
Break-even
4809.0 days
Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago13.14 bp75.4 bp −$75637.9 bp −$6,379doesn'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
Kraken Futures PF_PYTHUSD−0.0134%1h0.06473−0.088%$397K$291K25xas long as short
MEXC PYTH_USDT−0.0118%4h0.06480+0.025%$9.8M$2.4M125xas long as short
Binance PYTHUSDT−0.0118%4h0.06481+0.040%$9.3M$17.7M75xas long as short
BloFin PYTH-USDT−0.0117%4h0.06476−0.037%$433K$112K75xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06505+0.411%$40K$18K25xas long as short
dYdX PYTH-USD0.0000%1h0.06482+0.052%$192K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06471−0.114%$10K$10K10xas long as short
Aster PYTHUSDT+0.0015%4h0.06471−0.114%$21K$46K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−3.371%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0048%1h0.06470−0.130%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06489+0.164%$204K$199K5xas long as short
Paradex PYTH-USD-PERPlong+0.0100%8h0.06478long leg$3K10x
Hyperliquid PYTH+0.0100%1h0.06483+0.073%$2.1M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06481+0.040%$7.8M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06478−0.006%$2.1M$3.5M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06473−0.083%$1.1M$482K75xas long as short
KuCoin PYTHUSDTMshort+0.0100%4h0.06476−0.037%$1.5M$326K50x
Bitget PYTHUSDT+0.0100%4h0.06481+0.040%$2.8M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06476−0.037%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06469−0.148%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06473−0.082%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06467−0.183%20xas long as short
Backpack PYTH_USDC_PERP+0.0941%1h0.06474−0.073%$36K$91K10xas long as short