Funding you earn now, next payment 07:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h —
Price spread now: Binance against Reya−0.353%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.353% cheaper against Reya than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PYTHRUSDPERP | 0.06417 | 0.0302 | pay 0.0038% / 1h | 58m 01s | — | — | 20x |
| Short | Binance PYTHUSDT | 0.06394 | 0.0032 | get 0.0016% / 4h | 1h 58m | $9.1M | $19.1M | 75x |
Reya PYTHRUSDPERP
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Reya. 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
- −$56.77
- Price spread: −0.353% → 0.000%
- −$35.34
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.11
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Binance: live order book, 13 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 Reya no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 2.36 bp | 17.5 bp −$17 | 41.1 bp −$411 | 267.1 bp −$26.7K | doesn't fit |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06429 | +0.188% | $191K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06410 | −0.104% | $10K | $10K | 10x | as long as short |
| Binance PYTHUSDTshort | +0.0032% | 4h | 0.06394 | −0.353% | $9.1M | $19.1M | 75x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.442% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0034% | 4h | 0.06394 | −0.353% | $10.6M | $2.7M | 125x | as long as short |
| Gate PYTH_USDT | +0.0040% | 4h | 0.06411 | −0.088% | $1.1M | $530K | 75x | as long as short |
| BloFin PYTH-USDT | +0.0043% | 4h | 0.06411 | −0.088% | $424K | $77K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06410 | −0.104% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06415 | −0.026% | $194K | $214K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06428 | +0.179% | $3K | — | 10x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Gate PYTH_USDT
BloFin PYTH-USDT
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06410 | −0.106% | $2.3M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06404 | −0.198% | $20K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06406 | −0.166% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06400 | −0.260% | $2.1M | $3.6M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06409 | −0.120% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06408 | −0.135% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06404 | −0.198% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06414 | −0.039% | $38K | $64K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06418 | +0.026% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06421 | +0.074% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0129% | 1h | 0.06413 | −0.063% | $391K | $293K | 25x | as long as short |
| Reya PYTHRUSDPERPlong | +0.0302% | 1h | 0.06417 | long leg | — | — | 20x | |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +0.161% | $40K | $19K | 25x | as long as short |
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX