Funding you earn now, next payment 05:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.036%
Price spread now: Deribit against Binance+0.215%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.215% dearer against Binance than usual: you sell high and buy low: +$22 more if the spread 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 | Binance PYTHUSDT | 0.06431 | 0.0067 | pay 0.0033% / 4h | 3h 57m | $9.2M | $18.3M | 75x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06445 | 0.0371 | get 0.0046% / 1h | 57m 59s | $10K | $10K | 10x |
Binance PYTHUSDT
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $63.94
- Price spread: +0.215% → 0.000%
- $21.5
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $68.45
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 13 min ago; Deribit: 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 Binance live order book, 13 min ago | 0.77 bp | 16.2 bp −$16 | 40.2 bp −$402 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06439 | +0.119% | $191K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.662% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0062% | 4h | 0.06433 | +0.028% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDTlong | +0.0067% | 4h | 0.06431 | long leg | $9.2M | $18.3M | 75x | |
| Aster PYTHUSDT | +0.0079% | 4h | 0.06443 | +0.178% | $20K | $45K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06442 | +0.168% | $193K | $207K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06431 | +0.004% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06428 | −0.050% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06443 | +0.189% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06431 | −0.003% | $7.6M | $4.8M | 50x | as long as short |
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Aster PYTHUSDT
Lighter PYTH
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06434 | +0.044% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06427 | −0.065% | $1.1M | $516K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06440 | +0.137% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06432 | +0.013% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06429 | −0.034% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06440 | +0.142% | $36K | $61K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06456 | +0.384% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06436 | +0.070% | $2K | $2K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0118% | 4h | 0.06440 | +0.137% | $432K | $81K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +0.961% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0295% | 1h | 0.06439 | +0.120% | $397K | $296K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06425 | −0.093% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.0371% | 1h | 0.06445 | +0.215% | $10K | $10K | 10x |
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP