Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex+0.200%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
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: 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 0.200% dearer against Paradex than usual: you sell high and buy low, +$20 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 | Paradex PYTH-USD-PERP | 0.06262 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $3K | — | 10x |
| Short | Lighter PYTH | 0.06274 | 0.0096 | get 0.0012% / 1h | 57m 03s | $194K | $185K | 5x |
Paradex PYTH-USD-PERP
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.200% → 0.000%
- $19.96
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $15.12
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 48 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 Lighter live order book, 48 min ago | 3.99 bp | 8.0 bp −$8 | 71.2 bp −$712 | 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 exchanges
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 | −0.0228% | 1h | 0.06268 | +0.104% | $10K | — | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06277 | +0.250% | $186K | $13 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.024% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06274 | +0.200% | $194K | $185K | 5x | |
| Paradex PYTH-USD-PERPlong | +0.0100% | 8h | 0.06262 | long leg | $3K | — | 10x | |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06272 | +0.172% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06270 | +0.136% | $19K | $46K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06261 | −0.008% | $8.9M | $18.7M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06267 | +0.088% | $7.5M | $4.4M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06264 | +0.040% | $2.1M | $3.4M | 50x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAPShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0100% | 4h | 0.06266 | +0.072% | $1.0M | $447K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06263 | +0.024% | $11.2M | $2.8M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06273 | +0.184% | $1.5M | $354K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06265 | +0.056% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06266 | +0.072% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06276 | +0.224% | $39K | $24K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06266 | +0.078% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06265 | +0.056% | $22K | — | 3x | as long as short |
| BloFin PYTH-USDT | +0.0145% | 4h | 0.06266 | +0.072% | $426K | $72K | 75x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06263 | +0.023% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0381% | 1h | 0.06274 | +0.192% | $380K | $246K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0640% | 1h | 0.06330 | +1.094% | $39K | $20K | 25x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0701% | 1h | 0.06272 | +0.172% | $35K | $53K | 10x | as long as short |
Gate PYTH_USDT
MEXC PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
BloFin PYTH-USDT
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Backpack PYTH_USDC_PERP