Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Binance+0.017%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.017%, 7d avg −0.017%
=The price spread pays, funding is against you. BloFin is 0.034% dearer against Binance than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.017%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06462 | −0.0118 | get 0.0059% / 4h | 3h 09m | $9.3M | $17.7M | 75x |
| Short | BloFin PYTH-USDT | 0.06463 | −0.0166 | pay 0.0083% / 4h | 3h 09m | $430K | $112K | 75x |
Binance PYTHUSDT
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$9.96
- Price spread: +0.017% → −0.017%
- $3.44
- Slippage, 4 orders
- −$33.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$61.94
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Binance: live order book, 17 min ago; BloFin: live order book, 61 min ago.
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 Binance live order book, 17 min ago | 1.56 bp | 13.0 bp −$13 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 0.79 bp | 16.8 bp −$17 | 32.0 bp −$320 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDTshort | −0.0166% | 4h | 0.06463 | +0.017% | $430K | $112K | 75x | |
| Kraken Futures PF_PYTHUSD | −0.0134% | 1h | 0.06472 | +0.150% | $397K | $291K | 25x | as long as short |
| Binance PYTHUSDTlong | −0.0118% | 4h | 0.06462 | long leg | $9.3M | $17.7M | 75x | |
| MEXC PYTH_USDT | −0.0118% | 4h | 0.06463 | +0.017% | $9.8M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +0.667% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06476 | +0.219% | $192K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0018% | 4h | 0.06471 | +0.146% | $22K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.124% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06470 | +0.125% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06474 | +0.187% | $203K | $199K | 5x | as long as short |
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
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 | 0.06468 | +0.098% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06476 | +0.212% | $2.1M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06468 | +0.095% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06464 | +0.033% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06470 | +0.125% | $1.1M | $481K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06477 | +0.234% | $1.5M | $326K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06475 | +0.203% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06471 | +0.141% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06461 | −0.007% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06471 | +0.149% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06466 | +0.060% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0368% | 1h | 0.06475 | +0.203% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0949% | 1h | 0.06472 | +0.160% | $36K | $91K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP