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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h −0.018%
Price spread now: Coinbase International against Aevo+1.552%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Coinbase International is 1.552% dearer against Aevo than usual: you sell high and buy low (spread +1.552% now, against zero (this spread has no 7-day history yet)): +$155 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PYTH-PERP0.063330.0080pay 0.0010% / 1h27m 10s$23K3x
ShortCoinbase International PYTH-PERP-INTX0.064310.0048get 0.0006% / 1h27m 10s$40K$6K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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
−$6.72
Price spread: +1.552% → 0.000%
$155.23
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$122.51
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Coinbase International no order-book sample
Aevo and Coinbase International: 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−0.0586%1h0.06350+0.273%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06336+0.048%$383K$240K25xas long as short
Gate PYTH_USDT−0.0058%4h0.06332−0.011%$1.1M$465K75xas long as short
BloFin PYTH-USDT−0.0030%4h0.06332−0.011%$425K$117K75xas long as short
Bybit PYTHUSDT−0.0010%4h0.06336+0.052%$7.4M$4.9M50xas long as short
MEXC PYTH_USDT−0.0006%4h0.06333+0.005%$9.4M$2.4M125xas long as short
Binance PYTHUSDT−0.0004%4h0.06333+0.004%$9.1M$15.9M75xas long as short
dYdX PYTH-USD0.0000%1h0.06340+0.110%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06341+0.131%$10K$10K10xas long as short
Coinbase International PYTH-PERP-INTXshort+0.0048%1h0.06431+1.552%$40K$6K25x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERPlong+0.0080%1h0.06333long leg$23K3x
Lighter PYTH+0.0096%1h0.06344+0.178%$196K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06334+0.026%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06341+0.139%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06337+0.068%$20K$24K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06338+0.084%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06338+0.084%$1.5M$304K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06337+0.068%$2.6M$1.9M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06338+0.084%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06335+0.040%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06336+0.047%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0201%1h0.06343+0.164%$38K$87K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06333+0.009%20xas long as short