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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0198%/8h= −21.7% APRnext payment $0.25 per $10,000 · paid last 24h
Price spread now: Aevo against Reya−0.024%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 7 daysno history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aevo is 0.024% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PYTHRUSDPERP0.063330.0302pay 0.0038% / 1h58m 52s20x
ShortAevo PYTH-PERP0.063310.0104get 0.0013% / 1h58m 52s$23K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Reya. 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
−$41.67
Price spread: −0.024% → 0.000%
−$2.41
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$66.09
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Aevo: no order-book sample. 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 Reya no order-book sample
Sell Aevo no order-book sample
Reya and Aevo: 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-PERPETUAL0.0000%1h0.06331−0.029%$10K$10K10xas long as short
dYdX PYTH-USD+0.0006%1h0.06345+0.196%$188K$135xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.150%$553$220K5.5xas long as short
BloFin PYTH-USDT+0.0042%4h0.06349+0.255%$430K$73K75xas long as short
Lighter PYTH+0.0096%1h0.06311−0.345%$194K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06331−0.024%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06305−0.447%$2.1M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06337+0.069%$19K$48K10xas long as short
Binance PYTHUSDT+0.0100%4h0.06302−0.482%$9.0M$19.6M75xas long as short
Bybit PYTHUSDT+0.0100%4h0.06304−0.455%$7.5M$4.7M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PYTH-USDT-SWAP+0.0100%4h0.06304−0.455%$2.1M$3.5M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06326−0.108%$1.0M$487K75xas long as short
MEXC PYTH_USDT+0.0100%4h0.06328−0.076%$11.4M$2.8M125xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06326−0.108%$1.5M$366K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06303−0.471%$2.6M$2.3M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06324−0.139%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06338+0.086%$35K$53K10xas long as short
Variational Omni PYTH+0.0100%4h0.06342+0.142%$40K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06331−0.024%$2K$2K10xas long as short
Aevo PYTH-PERPshort+0.0104%1h0.06331−0.024%$23K3x
Reya PYTHRUSDPERPlong+0.0302%1h0.06333long leg20x
Kraken Futures PF_PYTHUSD+0.0458%1h0.06335+0.034%$384K$277K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0616%1h0.06427+1.487%$40K$19K25xas long as short