Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Aevo against Backpack−0.025%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
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.025% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PYTH_USDC_PERP | 0.06394 | 0.0100 | pay 0.0013% / 1h | 31m 57s | $38K | $63K | 10x |
| Short | Aevo PYTH-PERP | 0.06392 | 0.0104 | get 0.0013% / 1h | 31m 57s | $23K | — | 3x |
Backpack PYTH_USDC_PERP
Aevo PYTH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- $0.84
- Price spread: −0.025% → 0.000%
- −$2.5
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$27.66
- Costs to cover
- 0.260%
- Break-even
- 237.5 days
Slippage unknown: Backpack: no order-book sample; Aevo: 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Backpack and Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0219% | 1h | 0.06388 | −0.086% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06388 | −0.087% | $190K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.088% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0075% | 4h | 0.06382 | −0.180% | $428K | $78K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0076% | 4h | 0.06386 | −0.117% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0078% | 4h | 0.06390 | −0.055% | $9.2M | $18.3M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06392 | −0.023% | $193K | $208K | 5x | as long as short |
| Aster PYTHUSDT | +0.0098% | 4h | 0.06393 | −0.007% | $20K | $45K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06378 | −0.245% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06394 | +0.009% | $2.3M | $1.8M | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Lighter PYTH
Aster PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06390 | −0.055% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06388 | −0.086% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06375 | −0.289% | $1.0M | $518K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06386 | −0.117% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06391 | −0.039% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06388 | −0.086% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERPlong | +0.0100% | 1h | 0.06394 | long leg | $38K | $63K | 10x | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06383 | −0.158% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06387 | −0.100% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERPshort | +0.0104% | 1h | 0.06392 | −0.025% | $23K | — | 3x | |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +1.556% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0297% | 1h | 0.06392 | −0.021% | $394K | $297K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06379 | −0.221% | — | — | 20x | as long as short |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP