Funding you earn now, next payment 06:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.045%
Price spread now: Injective against Aevo−0.871%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.871% cheaper against Aevo than usual: you would sell low and buy high (−$87 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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 | Aevo PYTH-PERP | 0.06315 | 0.0088 | pay 0.0011% / 1h | 17m 58s | $23K | — | 3x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 17m 58s | $553 | $220K | 5.5x |
Aevo PYTH-PERP
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Aevo. 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
- −$11.48
- Price spread: −0.871% → 0.000%
- −$87.09
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$114.59
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Aevo: 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Aevo 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0384% | 1h | 0.06325 | +0.155% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0084% | 4h | 0.06312 | −0.048% | $1.0M | $530K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06310 | −0.081% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06321 | +0.095% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0003% | 4h | 0.06308 | −0.111% | $422K | $76K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0012% | 4h | 0.06314 | −0.016% | $10.6M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0018% | 4h | 0.06314 | −0.010% | $9.0M | $18.9M | 75x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −0.871% | $553 | $220K | 5.5x | |
| Aevo PYTH-PERPlong | +0.0088% | 1h | 0.06315 | long leg | $23K | — | 3x | |
| Lighter PYTH | +0.0096% | 1h | 0.06328 | +0.206% | $195K | $210K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06303 | −0.193% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06321 | +0.095% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06316 | +0.021% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06316 | +0.016% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06312 | −0.048% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06319 | +0.063% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06316 | +0.016% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06315 | 0.000% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06276 | −0.611% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06319 | +0.055% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0236% | 1h | 0.06328 | +0.205% | $386K | $298K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06316 | +0.020% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +2.819% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX