Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.049%
Price spread now: Injective against Variational Omni−1.422%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no 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 −$2 a day on $10k at the current rate, and Injective is 1.422% cheaper against Variational Omni than usual: you would sell low and buy high (−$142 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PYTH | 0.06350 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $38K | $25K | — |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 9m 33s | $553 | $220K | 5.5x |
Variational Omni PYTH
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: −1.422% → 0.000%
- −$142.24
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$156.26
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Injective: no order-book sample. 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Variational Omni and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0381% | 1h | 0.06337 | −0.210% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0097% | 1h | 0.06345 | −0.084% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0026% | 4h | 0.06332 | −0.289% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | −0.008% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −1.422% | $553 | $220K | 5.5x | |
| Binance PYTHUSDT | +0.0036% | 4h | 0.06336 | −0.229% | $9.1M | $18.4M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0044% | 4h | 0.06338 | −0.194% | $10.7M | $2.9M | 125x | as long as short |
| BloFin PYTH-USDT | +0.0077% | 4h | 0.06355 | +0.074% | $427K | $77K | 75x | as long as short |
| Aster PYTHUSDT | +0.0094% | 4h | 0.06347 | −0.059% | $20K | $45K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06350 | −0.005% | $194K | $211K | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Aster PYTHUSDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06342 | −0.134% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06336 | −0.233% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06348 | −0.033% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06338 | −0.194% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06335 | −0.241% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06339 | −0.178% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | −0.068% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06340 | −0.163% | — | $2.7M | — | as long as short |
| Variational Omni PYTHlong | +0.0100% | 4h | 0.06350 | long leg | $38K | $25K | — | |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06341 | −0.142% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.247% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06343 | −0.118% | $388K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06335 | −0.236% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP