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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Aster+0.117%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 fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.117% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PYTHUSDT0.063370.0100pay 0.0050% / 4h2h 40m$20K$24K10x
ShortHyperliquid PYTH0.063440.0100get 0.0013% / 1h40m 31s$1.7M$1.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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
$0
Price spread: +0.117% → 0.000%
$11.68
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.32
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 10 min ago. 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 Aster no order-book sample
Sell Hyperliquid live order book, 10 min ago1.26 bp17.7 bp −$18doesn't fitdoesn't fitdoesn't fit
Aster: 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+0.205%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06341+0.067%$384K$240K25xas long as short
Bybit PYTHUSDT−0.0144%4h0.06339+0.032%$7.4M$5.0M50xas long as short
Gate PYTH_USDT−0.0144%4h0.06335−0.032%$1.1M$464K75xas long as short
BloFin PYTH-USDT−0.0073%4h0.06333−0.063%$426K$121K75xas long as short
Binance PYTHUSDT−0.0017%4h0.063370.000%$9.1M$15.9M75xas long as short
MEXC PYTH_USDT−0.0016%4h0.06338+0.016%$9.4M$2.4M125xas long as short
dYdX PYTH-USD0.0000%1h0.06347+0.158%$188K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06341+0.063%$10K$10K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.483%$40K$6K25xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0080%1h0.06335−0.027%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06348+0.174%$196K$205K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06336−0.022%$3K$5610xas long as short
Hyperliquid PYTHshort+0.0100%1h0.06344+0.117%$1.7M$1.4M5x
Aster PYTHUSDTlong+0.0100%4h0.06337long leg$20K$24K10x
OKX PYTH-USDT-SWAP+0.0100%4h0.06339+0.032%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06340+0.047%$1.5M$308K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06345+0.126%$2.6M$1.9M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06339+0.032%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06334−0.055%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06336−0.013%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06340+0.049%20xas long as short
Backpack PYTH_USDC_PERP+0.0334%1h0.06342+0.079%$38K$88K10xas long as short