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−0.0138%/8h= −15.1% APRnext payment $0.69 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Variational Omni−0.235%86s7-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 −$4 a day on $10k at the current rate, and BloFin is 0.235% cheaper against Variational Omni than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PYTH0.062930.0100pay 0.0050% / 4h1h 31m$44K$22K
ShortBloFin PYTH-USDT0.06278−0.0038pay 0.0019% / 4h1h 31m$420K$114K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$29.04
Price spread: −0.235% → 0.000%
−$23.48
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$64.52
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 49 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 BloFin live order book, 49 min ago0.79 bp9.8 bp −$1024.7 bp −$247doesn't fitdoesn'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%1h0.06260−0.521%$553$220K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0208%1h0.06286−0.101%$382K$252K25xas long as short
Bybit PYTHUSDT−0.0051%4h0.06282−0.171%$7.4M$5.1M50xas long as short
BloFin PYTH-USDTshort−0.0038%4h0.06278−0.235%$420K$114K75x
Gate PYTH_USDT−0.0026%4h0.06276−0.267%$1.1M$479K75xas long as short
Binance PYTHUSDT−0.0017%4h0.06280−0.203%$9.1M$17.0M75xas long as short
MEXC PYTH_USDT−0.0016%4h0.06279−0.219%$9.1M$2.3M125xas long as short
dYdX PYTH-USD0.0000%1h0.06294+0.019%$187K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06292−0.012%$10K$10K10xas long as short
Aevo PYTH-PERP+0.0080%1h0.06285−0.124%$22K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International PYTH-PERP-INTX+0.0080%1h0.06431+2.197%$40K$6K25xas long as short
Lighter PYTH+0.0096%1h0.06290−0.044%$197K$208K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06279−0.221%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06287−0.090%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06281−0.187%$25K$40K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06278−0.235%$2.1M$3.4M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06289−0.060%$1.5M$315K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06281−0.187%$2.6M$2.0M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06280−0.203%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06286−0.111%$38K$88K10xas long as short
Variational Omni PYTHlong+0.0100%4h0.06293long leg$44K$22K
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06283−0.151%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06282−0.178%20xas long as short