Funding you earn now, next payment 22:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.012%
Price spread now: Backpack against Aster−0.020%7-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
=Funding pays, the price is against you. Backpack is 0.020% cheaper against Aster than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PYTHUSDT | 0.06331 | 0.0100 | pay 0.0050% / 4h | 2h 13m | $20K | $24K | 10x |
| Short | Backpack PYTH_USDC_PERP | 0.06329 | 0.0182 | get 0.0023% / 1h | 13m 00s | $38K | $87K | 10x |
Aster PYTHUSDT
Backpack PYTH_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- $17.13
- Price spread: −0.020% → 0.000%
- −$2.03
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$2.9
- Costs to cover
- 0.180%
- Break-even
- 8.2 days
Slippage unknown: Aster: no order-book sample; Backpack: 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 Aster no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Aster and Backpack: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | +0.307% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0224% | 1h | 0.06329 | −0.025% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06327 | −0.051% | $383K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0042% | 4h | 0.06319 | −0.183% | $1.1M | $466K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0004% | 4h | 0.06332 | +0.022% | $424K | $117K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06344 | +0.207% | $188K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0021% | 4h | 0.06312 | −0.300% | $9.1M | $16.0M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0022% | 4h | 0.06318 | −0.199% | $9.3M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.586% | $40K | $6K | 25x | as long as short |
| Bybit PYTHUSDT | +0.0064% | 4h | 0.06313 | −0.278% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06322 | −0.142% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06332 | +0.022% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06323 | −0.119% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06328 | −0.033% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDTlong | +0.0100% | 4h | 0.06331 | long leg | $20K | $24K | 10x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06313 | −0.278% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06328 | −0.041% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06328 | −0.041% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06318 | −0.199% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.113% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06325 | −0.090% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERPshort | +0.0182% | 1h | 0.06329 | −0.020% | $38K | $87K | 10x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | −0.128% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP