Funding you earn now, next payment 22:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.008%
Price spread now: BloFin against Backpack−0.261%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.241%−$24 on $10k
+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 −$9 a day on $10k at the current rate, and BloFin is 0.261% cheaper against Backpack than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 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 | Backpack PYTH_USDC_PERP | 0.06354 | 0.0288 | pay 0.0036% / 1h | 34m 00s | $38K | $87K | 10x |
| Short | BloFin PYTH-USDT | 0.06337 | −0.0010 | pay 0.0005% / 4h | 2h 34m | $424K | $121K | 75x |
Backpack PYTH_USDC_PERP
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$62.52
- Price spread: −0.261% → 0.000%
- −$26.13
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.65
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 51 min ago. 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 BloFin live order book, 51 min ago | 0.79 bp | 11.6 bp −$12 | 26.0 bp −$260 | 70.5 bp −$7,046 | doesn't fit |
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 | −0.057% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06352 | −0.023% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0094% | 4h | 0.06337 | −0.261% | $1.1M | $465K | 75x | as long as short |
| Bybit PYTHUSDT | −0.0067% | 4h | 0.06347 | −0.104% | $7.5M | $4.9M | 50x | as long as short |
| Binance PYTHUSDT | −0.0018% | 4h | 0.06343 | −0.174% | $9.1M | $15.9M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0018% | 4h | 0.06343 | −0.167% | $9.4M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDTshort | −0.0010% | 4h | 0.06337 | −0.261% | $424K | $121K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06345 | −0.138% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06352 | −0.025% | $10K | $10K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.218% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
Bybit PYTHUSDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06344 | −0.153% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06355 | +0.022% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06347 | −0.109% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06351 | −0.038% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06341 | −0.195% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06343 | −0.167% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06350 | −0.057% | $1.5M | $306K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06347 | −0.104% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06344 | −0.151% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | −0.178% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06348 | −0.096% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERPlong | +0.0288% | 1h | 0.06354 | long leg | $38K | $87K | 10x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06347 | −0.100% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP