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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h
Price spread now: BloFin against Reya−0.005%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya PYTHRUSDPERP0.063290.0302pay 0.0038% / 1h7m 08s20x
ShortBloFin PYTH-USDT0.063290.0014get 0.0007% / 4h1h 07m$424K$86K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$60.63
Price spread: −0.005% → 0.000%
−$0.54
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$79.17
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 34 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 Reya no order-book sample
Sell BloFin live order book, 34 min ago5.54 bp14.3 bp −$1424.2 bp −$242106.6 bp −$10.7Kdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PYTH_USDC_PERP−0.0326%1h0.06336+0.107%$39K$50K10xas long as short
Gate PYTH_USDT−0.0198%4h0.06322−0.116%$1.0M$505K75xas long as short
dYdX PYTH-USD0.0000%1h0.06354+0.386%$189K$195xas long as short
MEXC PYTH_USDT+0.0004%4h0.06329−0.005%$9.4M$2.5M125xas long as short
Binance PYTHUSDT+0.0005%4h0.06328−0.021%$9.1M$17.9M75xas long as short
Aster PYTHUSDT+0.0009%4h0.06328−0.021%$20K$43K10xas long as short
BloFin PYTH-USDTshort+0.0014%4h0.06329−0.005%$424K$86K75x
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.096%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0088%1h0.06330+0.010%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06340+0.168%$190K$205K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06340+0.165%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06338+0.141%$2.0M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06333+0.058%$7.5M$4.7M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06331+0.026%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06332+0.042%$1.5M$342K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06332+0.042%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06330+0.010%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06370+0.639%$38K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06334+0.075%$3K$2K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0176%1h0.06385+0.879%$40K$18K25xas long as short
Kraken Futures PF_PYTHUSD+0.0302%1h0.06337+0.126%$386K$294K25xas long as short
Reya PYTHRUSDPERPlong+0.0302%1h0.06329long leg20x
Deribit PYTH_USDC-PERPETUAL+0.0539%1h0.06346+0.263%$10K$10K10xas long as short