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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0093%/8h= −10.2% APRnext payment $0.46 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against Variational Omni−0.208%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.208% cheaper against Variational Omni than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PYTH0.063040.0100pay 0.0050% / 4h1h 37m$44K$22K
ShortBinance PYTHUSDT0.062910.0007get 0.0004% / 4h1h 37m$9.1M$17.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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
−$19.53
Price spread: −0.208% → 0.000%
−$20.85
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$50.38
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 3 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 Variational Omni no order-book sample
Sell Binance live order book, 3 min ago1.59 bp14.9 bp −$1537.4 bp −$374261.1 bp −$26.1Kdoesn't fit
Variational Omni: 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
Injective PYTH/USDC PERP−0.0428%1h0.06260−0.694%$553$220K5.5xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0226%1h0.06298−0.092%$10K$10K10xas long as short
Kraken Futures PF_PYTHUSD−0.0208%1h0.06294−0.162%$382K$252K25xas long as short
Bybit PYTHUSDT−0.0054%4h0.06294−0.155%$7.4M$5.1M50xas long as short
Gate PYTH_USDT−0.0024%4h0.06292−0.187%$1.1M$479K75xas long as short
dYdX PYTH-USD0.0000%1h0.06304+0.005%$187K$195xas long as short
Binance PYTHUSDTshort+0.0007%4h0.06291−0.208%$9.1M$17.0M75x
MEXC PYTH_USDT+0.0016%4h0.06292−0.187%$9.2M$2.3M125xas long as short
BloFin PYTH-USDT+0.0068%4h0.06297−0.107%$420K$115K75xas long as short
Coinbase International PYTH-PERP-INTX+0.0080%1h0.06431+2.018%$40K$6K25xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0088%1h0.06295−0.139%$22K3xas long as short
Lighter PYTH+0.0096%1h0.06303−0.012%$197K$208K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06287−0.264%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06295−0.141%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06292−0.188%$25K$40K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06292−0.187%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06304+0.004%$1.5M$315K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06295−0.139%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06298−0.092%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06302−0.027%$38K$88K10xas long as short
Variational Omni PYTHlong+0.0100%4h0.06304long leg$44K$22K
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06302−0.023%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06289−0.240%20xas long as short