PYTH

Alert

Funding spread now, next payment 17:00 UTC−0.0206%/8h

next payment, per $10,000−$0.26paid, last 24h—paid, last 7 days—to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PYTHRUSDPERP	0.06519	0.0302	pay 0.0038% / 1h	15m 29s	—	—	20x
Short	Lighter PYTH	0.06532	0.0096	get 0.0012% / 1h	15m 29s	$198K	$194K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee LighterbpOrdersRate

Funding earned: −$43.35
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.35
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 20 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.206%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 20 min ago	3.78 bp	5.2 bp −$5	71.8 bp −$718	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX PYTH-USD	+0.0007%	1h	$194K	$19	5x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
Gate PYTH_USDT	+0.0054%	4h	$1.2M	$476K	75x	as long as short
Lighter PYTHshort	+0.0096%	1h	$198K	$194K	5x
Paradex PYTH-USD-PERP	+0.0097%	8h	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	$24K	$33K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.5M	$15.8M	75x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	$7.9M	$4.5M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.1M	$3.5M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PYTH_USDT	+0.0100%	4h	$9.6M	$2.8M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$382K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.9M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	$46K	$14K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	$3K	$1K	10x	as long as short
Aevo PYTH-PERP	+0.0104%	1h	$23K	—	3x	as long as short
BloFin PYTH-USDT	+0.0135%	4h	$452K	$140K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	$41K	$10K	25x	as long as short
Backpack PYTH_USDC_PERP	+0.0286%	1h	$36K	$85K	10x	as long as short
Reya PYTHRUSDPERPlong	+0.0302%	1h	—	—	20x
Kraken Futures PF_PYTHUSD	+0.0351%	1h	$402K	$224K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0822%	1h	$11K	$10K	10x	as long as short