PYTH

Alert

Funding spread now, next payment 19:00 UTC−0.0589%/8h

paid, last 24h+0.090%paid, last 3 days+0.578%to open and closeno order book

Long on Variational Omni Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PYTH	0.06391	0.0100	pay 0.0050% / 4h	1h 41m	$44K	$17K	—
Short	Kraken Futures PF_PYTHUSD	0.06378	−0.0489	pay 0.0061% / 1h	41m 08s	$385K	$228K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersRate

Funding earned: −$123.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$133.65
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, 58 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.201%
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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 58 min ago	15.58 bp	30.8 bp −$31	156.9 bp −$1,569	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_PYTHUSDshort	−0.0489%	1h	$385K	$228K	25x
Gate PYTH_USDT	−0.0078%	4h	$1.1M	$524K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	$189K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	$10K	$10K	10x	as long as short
Bybit PYTHUSDT	+0.0024%	4h	$7.5M	$4.9M	50x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	$577	$46K	5.5x	as long as short
BloFin PYTH-USDT	+0.0087%	4h	$432K	$128K	75x	as long as short
Paradex PYTH-USD-PERP	+0.0094%	8h	$3K	$56	10x	as long as short
Lighter PYTH	+0.0096%	1h	$197K	$203K	5x	as long as short
Hyperliquid PYTH	+0.0100%	1h	$1.7M	$1.5M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0100%	4h	$21K	$34K	10x	as long as short
Binance PYTHUSDT	+0.0100%	4h	$9.2M	$15.9M	75x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	$2.0M	$3.6M	50x	as long as short
MEXC PYTH_USDT	+0.0100%	4h	$9.7M	$2.6M	125x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	$1.5M	$360K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	$2.6M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	—	$2.9M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	$39K	$92K	10x	as long as short
Variational Omni PYTHlong	+0.0100%	4h	$44K	$17K	—
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
Reya PYTHRUSDPERP	+0.0302%	1h	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0352%	1h	$40K	$10K	25x	as long as short