Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.018%
Price spread now: Backpack against BingX+0.099%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.159%+$16 on $10k
+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: Backpack is 0.099% dearer against BingX than usual: you sell high and buy low, +$10 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 | BingX PYTH-USDT | 0.06349 | 0.0100 | pay 0.0050% / 4h | 37m 47s | — | $2.8M | — |
| Short | Backpack PYTH_USDC_PERP | 0.06355 | 0.0100 | get 0.0013% / 1h | 37m 47s | $38K | $90K | 10x |
BingX PYTH-USDT
Backpack PYTH_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- Price spread: +0.099% → 0.000%
- $9.92
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$10.08
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 11 min ago; Backpack: 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 BingX live order book, 11 min ago | 3.16 bp | 15.4 bp −$15 | 41.5 bp −$415 | 299.0 bp −$29.9K | 498.4 bp −$249.2K |
| Sell Backpack no order-book sample | — | — | — | — | — |
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 | −0.0507% | 1h | 0.06376 | +0.425% | $564 | $94K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0249% | 1h | 0.06355 | +0.089% | $383K | $224K | 25x | as long as short |
| Bybit PYTHUSDT | −0.0188% | 4h | 0.06350 | +0.016% | $7.5M | $4.9M | 50x | as long as short |
| Gate PYTH_USDT | −0.0180% | 4h | 0.06346 | −0.047% | $1.1M | $520K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06355 | +0.095% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06362 | +0.205% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0057% | 4h | 0.06348 | −0.016% | $430K | $127K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0070% | 4h | 0.06349 | 0.000% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0072% | 4h | 0.06348 | −0.016% | $9.1M | $15.8M | 75x | as long as short |
| Paradex PYTH-USD-PERP | +0.0093% | 8h | 0.06347 | −0.035% | $3K | $56 | 10x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Bybit PYTHUSDT
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06358 | +0.142% | $197K | $202K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06336 | −0.205% | $23K | — | 3x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06356 | +0.106% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06354 | +0.074% | $21K | $34K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06348 | −0.016% | $2.0M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06357 | +0.126% | $1.5M | $345K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06348 | −0.016% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06349 | long leg | — | $2.8M | — | |
| Backpack PYTH_USDC_PERPshort | +0.0100% | 1h | 0.06355 | +0.099% | $38K | $90K | 10x | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06356 | +0.115% | $44K | $17K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06350 | +0.022% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0232% | 1h | 0.06399 | +0.788% | $39K | $9K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06346 | −0.052% | — | — | 20x | as long as short |
Lighter PYTH
Aevo PYTH-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP