Spread before costs (cost unknown: a leg has no order-book sample)+0.379%
7d average—if it closes, per $10,000$38funding while held, a day+$3.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PYTH-USDT | 0.06599 | 0.0100 | pay 0.0050% / 4h | 3h 32m | — | $2.9M | — |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06624 | 0.0203 | get 0.0025% / 1h | 32m 41s | $11K | $10K | 10x |
BingX PYTH-USDT
Deribit PYTH_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $37.88
- Funding while held
- $3.09
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $23.98
- Spread needed to break even
- 0.170%
Slippage unknown: BingX: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0103%
- Per $10,000 a day
- +$3.09
- Average in range /8h
- —
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, 9 min ago | 3.78 bp | 14.2 bp −$14 | 33.3 bp −$333 | 268.0 bp −$26.8K | 463.9 bp −$232.0K |
| 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.06525cheapestParadex0.06594+1.056%OKX0.06595+1.073%Bitget0.06597+1.103%Bybit0.06598+1.119%Gate0.06599+1.134%
Injective
Paradex
OKX
Bitget
Bybit
GateBingX0.06599+1.134%
Binance0.06601+1.161%MEXC0.06601+1.165%KuCoin0.06603+1.195%Lighter0.06607+1.257%Reya0.06607+1.258%Aster0.06608+1.269%Aevo0.06608+1.272%dYdX0.06609+1.291%Hyperliquid0.06610+1.298%Variational Omni0.06610+1.307%Orderly0.06612+1.332%BloFin0.06613+1.349%Backpack0.06617+1.411%Kraken Futures0.06618+1.433%
Binance
MEXC
KuCoin
Lighter
Reya
Aster
Aevo
dYdX
Hyperliquid
Variational Omni
Orderly
BloFin
Backpack
Kraken FuturesDeribit0.06624+1.517%
Coinbase International0.06648+1.885%
Coinbase InternationalPYTH on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −1.121% | +0.0033% | 1h | $577 | $46K | 5.5x | as long as short |
| Paradex PYTH-USD-PERP | −0.077% | +0.0096% | 8h | $3K | $56 | 10x | as long as short |
| OKX PYTH-USDT-SWAP | −0.061% | +0.0100% | 4h | $2.2M | $3.4M | 50x | as long as short |
| Bitget PYTHUSDT | −0.030% | +0.0100% | 4h | $2.7M | $2.1M | 75x | as long as short |
| Bybit PYTHUSDT | −0.015% | +0.0100% | 4h | $8.0M | $4.4M | 50x | as long as short |
| Gate PYTH_USDT | 0.000% | +0.0068% | 4h | $1.2M | $450K | 75x | as long as short |
| BingX PYTH-USDTlong | 0.000% | +0.0100% | 4h | — | $2.9M | — | |
| Binance PYTHUSDT | +0.027% | +0.0100% | 4h | $9.7M | $15.3M | 75x | as long as short |
| MEXC PYTH_USDT | +0.030% | +0.0100% | 4h | $9.8M | $2.8M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.061% | +0.0100% | 4h | $1.6M | $375K | 50x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.121% | +0.0096% | 1h | $200K | $191K | 5x | as long as short |
| Reya PYTHRUSDPERP | +0.122% | +0.0302% | 1h | — | — | 20x | as long as short |
| Aster PYTHUSDT | +0.133% | +0.0100% | 4h | $24K | $30K | 10x | as long as short |
| Aevo PYTH-PERP | +0.136% | +0.0104% | 1h | $24K | — | 3x | as long as short |
| dYdX PYTH-USD | +0.156% | +0.0012% | 1h | $196K | $19 | 5x | as long as short |
| Hyperliquid PYTH | +0.162% | +0.0100% | 1h | $1.8M | $1.4M | 5x | as long as short |
| Variational Omni PYTH | +0.171% | +0.0100% | 4h | $47K | $14K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.195% | +0.0100% | 4h | $3K | $814 | 10x | as long as short |
| BloFin PYTH-USDT | +0.212% | +0.0077% | 4h | $450K | $142K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.274% | +0.0291% | 1h | $37K | $85K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.295% | +0.0347% | 1h | $407K | $223K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.379% | +0.0203% | 1h | $11K | $10K | 10x | |
| Coinbase International PYTH-PERP-INTX | +0.743% | +0.0176% | 1h | $41K | $10K | 25x | as long as short |