Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.031%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$710.712% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days−0.076%−$8 · spread now +0.031%, 7d avg −0.015%
Together, before fees−0.079%−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PYTH-USDT0.063510.0100pay 0.0050% / 4h2h 50m$2.8M
ShortBitget PYTHUSDT0.063530.0100get 0.0050% / 4h2h 50m$2.6M$1.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.031% → −0.015%
$4.65
Slippage, 4 orders
−$49.19
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$66.54
Costs to cover
0.712%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago3.93 bp16.3 bp −$1638.0 bp −$380273.3 bp −$27.3K473.4 bp −$236.7K
Sell Bitget live order book, 2 min ago3.15 bp20.1 bp −$2068.9 bp −$689doesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0586%1h0.06350−0.016%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0215%1h0.06354+0.053%$385K$240K25xas long as short
Gate PYTH_USDT−0.0122%4h0.06350−0.016%$1.1M$463K75xas long as short
Binance PYTHUSDT−0.0015%4h0.06353+0.029%$9.0M$15.9M75xas long as short
MEXC PYTH_USDT−0.0014%4h0.06350−0.016%$9.4M$2.4M125xas long as short
dYdX PYTH-USD0.0000%1h0.06354+0.046%$189K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06362+0.173%$10K$10K10xas long as short
BloFin PYTH-USDT+0.0043%4h0.063510.000%$420K$122K75xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.260%$40K$9K25xas long as short
Bybit PYTHUSDT+0.0075%4h0.06357+0.094%$7.5M$5.0M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0080%1h0.06358+0.105%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06361+0.157%$197K$203K5xas long as short
Paradex PYTH-USD-PERP+0.0098%8h0.06355+0.058%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06357+0.096%$1.7M$1.4M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06353+0.025%$20K$26K10xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06356+0.079%$2.1M$3.3M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06353+0.031%$1.5M$314K50xas long as short
Bitget PYTHUSDTshort+0.0100%4h0.06353+0.031%$2.6M$1.9M75x
BingX PYTH-USDTlong+0.0100%4h0.06351long leg$2.8M
Variational Omni PYTH+0.0100%4h0.06350−0.023%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06352+0.022%$3K$1K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06351+0.003%20xas long as short
Backpack PYTH_USDC_PERP+0.0451%1h0.06359+0.123%$38K$88K10xas long as short