Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.026%
Price spread now: OKX against Binance+0.016%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$640.640% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now +0.016%, 7d avg +0.043%
=Funding pays, the price is against you. OKX is 0.027% cheaper against Binance than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PYTHUSDT | 0.06321 | 0.0040 | pay 0.0020% / 4h | 3h 01m | $9.0M | $18.4M | 75x |
| Short | OKX PYTH-USDT-SWAP | 0.06322 | 0.0100 | get 0.0050% / 4h | 3h 01m | $2.1M | $3.5M | 50x |
Binance PYTHUSDT
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $12.6
- Price spread: +0.016% → +0.043%
- −$2.73
- Slippage, 4 orders
- −$43.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$54.12
- Costs to cover
- 0.640%
- Break-even
- 37.1 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 1 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, 9 min ago | 0.79 bp | 15.2 bp −$15 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.58 bp | 18.0 bp −$18 | 68.2 bp −$682 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0225% | 1h | 0.06318 | −0.047% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0141% | 1h | 0.06325 | +0.060% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0060% | 4h | 0.06310 | −0.174% | $1.0M | $522K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06323 | +0.029% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.965% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0038% | 4h | 0.06322 | +0.016% | $425K | $76K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0040% | 4h | 0.06318 | −0.047% | $10.6M | $2.9M | 125x | as long as short |
| Binance PYTHUSDTlong | +0.0040% | 4h | 0.06321 | long leg | $9.0M | $18.4M | 75x | |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06316 | −0.074% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06328 | +0.111% | $193K | $212K | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
MEXC PYTH_USDT
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 | 0.06316 | −0.077% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06324 | +0.047% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06326 | +0.076% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06326 | +0.079% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06322 | +0.016% | $2.1M | $3.5M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06317 | −0.063% | $1.5M | $347K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06316 | −0.079% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06315 | −0.095% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | +0.338% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06316 | −0.073% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.721% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06320 | −0.017% | $385K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06316 | −0.083% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
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