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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: OKX against Paradex+0.163%7-day average · you sell dearer than you buy
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: OKX is 0.163% dearer against Paradex than usual: you sell high and buy low, +$16 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-PERP0.063330.0100pay 0.0100% / 8h3h 22m$3K10x
ShortOKX PYTH-USDT-SWAP0.063430.0100get 0.0050% / 4h3h 22m$2.1M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
Price spread: +0.163% → 0.000%
$16.29
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
$2.29
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago2.35 bp18.1 bp −$1870.4 bp −$704doesn'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
Deribit PYTH_USDC-PERPETUAL−0.0064%1h0.06359+0.416%$10K$10K10xas long as short
Gate PYTH_USDT−0.0018%4h0.06345+0.194%$1.0M$518K75xas long as short
dYdX PYTH-USD0.0000%1h0.06351+0.287%$189K$195xas long as short
BloFin PYTH-USDT+0.0014%4h0.06353+0.321%$425K$78K75xas long as short
Backpack PYTH_USDC_PERP+0.0016%1h0.06359+0.416%$38K$63K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.148%$553$220K5.5xas long as short
Binance PYTHUSDT+0.0050%4h0.06341+0.131%$9.1M$18.4M75xas long as short
MEXC PYTH_USDT+0.0056%4h0.06341+0.131%$10.7M$2.8M125xas long as short
Aster PYTHUSDT+0.0092%4h0.06351+0.285%$20K$45K10xas long as short
Lighter PYTH+0.0096%1h0.06351+0.289%$192K$209K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0096%1h0.06360+0.431%$23K3xas long as short
Paradex PYTH-USD-PERPlong+0.0100%8h0.06333long leg$3K10x
Hyperliquid PYTH+0.0100%1h0.06350+0.277%$2.3M$1.8M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06340+0.115%$7.5M$4.8M50xas long as short
OKX PYTH-USDT-SWAPshort+0.0100%4h0.06343+0.163%$2.1M$3.5M50x
KuCoin PYTHUSDTM+0.0100%4h0.06351+0.289%$1.5M$346K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06345+0.194%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06345+0.194%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06374+0.650%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06356+0.367%$2K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0152%1h0.06493+2.532%$40K$19K25xas long as short
Kraken Futures PF_PYTHUSD+0.0299%1h0.06360+0.436%$390K$300K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06353+0.326%20xas long as short