PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.92 per $10,000 · paid last 24h −0.010%

Price spread now: Binance against BingX−0.079%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.079%, 7d avg −0.028%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.050% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PYTH-USDT	0.06352	0.0100	pay 0.0050% / 4h	55m 07s	—	$2.8M	—
Short	Binance PYTHUSDT	0.06347	−0.0085	pay 0.0042% / 4h	55m 07s	$9.1M	$17.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now −0.079%Rate

Funding earned: −$38.8
Price spread: −0.079% → −0.028%: −$5.03
Slippage, 4 orders: −$36.64
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$100.47
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Binance: live order book, 16 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 BingX live order book, 5 min ago	0.79 bp	15.0 bp −$15	33.8 bp −$338	262.7 bp −$26.3K	468.0 bp −$234.0K
Sell Binance live order book, 16 min ago	1.59 bp	14.1 bp −$14	39.6 bp −$396	271.6 bp −$27.2K	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
Kraken Futures PF_PYTHUSD	−0.0397%	1h	0.06357	+0.079%	$378K	$264K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0379%	1h	0.06357	+0.079%	$10K	$10K	10x	as long as short
MEXC PYTH_USDT	−0.0086%	4h	0.06349	−0.047%	$9.6M	$2.3M	125x	as long as short
Binance PYTHUSDTshort	−0.0085%	4h	0.06347	−0.079%	$9.1M	$17.2M	75x
BloFin PYTH-USDT	−0.0078%	4h	0.06349	−0.047%	$421K	$116K	75x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06354	+0.034%	$189K	$19	5x	as long as short
Gate PYTH_USDT	+0.0004%	4h	0.06348	−0.063%	$1.1M	$474K	75x	as long as short
Bybit PYTHUSDT	+0.0021%	4h	0.06352	0.000%	$7.5M	$4.8M	50x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.448%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0056%	1h	0.06357	+0.080%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0070%	4h	0.06350	−0.030%	$25K	$44K	10x	as long as short
Lighter PYTH	+0.0096%	1h	0.06359	+0.110%	$201K	$217K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06349	−0.054%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06356	+0.065%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06355	+0.047%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06357	+0.079%	$1.5M	$316K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06351	−0.016%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDTlong	+0.0100%	4h	0.06352	long leg	—	$2.8M	—
Variational Omni PYTH	+0.0100%	4h	0.06347	−0.076%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06350	−0.033%	$3K	$1K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06328	−0.378%	$39K	$6K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06350	−0.037%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0506%	1h	0.06358	+0.101%	$36K	$89K	10x	as long as short