Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRnext payment −$1.02 per $10,000 · paid last 24h −0.014%
Price spread now: Gate against BingX−0.079%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$990.991% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.025%+$3 · spread now −0.079%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.053% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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 | 0.06355 | 0.0100 | pay 0.0050% / 4h | 2h 49m | — | $2.8M | — |
| Short | Gate PYTH_USDT | 0.06350 | −0.0104 | pay 0.0052% / 4h | 2h 49m | $1.1M | $463K | 75x |
BingX PYTH-USDT
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$42.84
- Price spread: −0.079% → −0.026%
- −$5.26
- Slippage, 4 orders
- −$74.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$147.18
- Costs to cover
- 0.991%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Gate: live order book, 3 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, 15 min ago | 3.93 bp | 16.3 bp −$16 | 38.0 bp −$380 | 273.3 bp −$27.3K | 473.4 bp −$236.7K |
| Sell Gate live order book, 3 min ago | 5.52 bp | 37.9 bp −$38 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | −0.079% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06358 | +0.041% | $385K | $240K | 25x | as long as short |
| Gate PYTH_USDTshort | −0.0104% | 4h | 0.06350 | −0.079% | $1.1M | $463K | 75x | |
| MEXC PYTH_USDT | −0.0014% | 4h | 0.06355 | 0.000% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0013% | 4h | 0.06357 | +0.027% | $9.0M | $15.9M | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06362 | +0.110% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06363 | +0.126% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0043% | 4h | 0.06351 | −0.063% | $420K | $122K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.196% | $40K | $9K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06363 | +0.127% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
Binance PYTHUSDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06364 | +0.142% | $197K | $203K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0098% | 8h | 0.06356 | +0.011% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06360 | +0.087% | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06360 | +0.080% | $20K | $26K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06358 | +0.047% | $7.5M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06357 | +0.031% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06359 | +0.063% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06358 | +0.047% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06355 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.086% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06359 | +0.060% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06354 | −0.009% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0462% | 1h | 0.06363 | +0.132% | $38K | $88K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP