Funding you earn now, next payment 04:00 UTC−0.0280%/8h= −30.7% APRnext payment −$1.40 per $10,000 · paid last 24h −0.010%
Price spread now: MEXC against BingX−0.047%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.047%, 7d avg −0.029%
=The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 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 | 0.06363 | 0.0100 | pay 0.0050% / 4h | 3h 57m | — | $2.8M | — |
| Short | MEXC PYTH_USDT | 0.06360 | −0.0180 | pay 0.0090% / 4h | 3h 57m | $9.5M | $2.3M | 125x |
BingX PYTH-USDT
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$58.8
- Price spread: −0.047% → −0.029%
- −$1.86
- Slippage, 4 orders
- −$30.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$100.74
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 5 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, 11 min ago | 3.16 bp | 13.5 bp −$14 | 29.3 bp −$293 | 263.9 bp −$26.4K | 474.3 bp −$237.1K |
| Sell MEXC live order book, 5 min ago | 3.93 bp | 6.3 bp −$6 | 22.3 bp −$223 | 107.3 bp −$10.7K | 216.2 bp −$108.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDTshort | −0.0180% | 4h | 0.06360 | −0.047% | $9.5M | $2.3M | 125x | |
| Binance PYTHUSDT | −0.0178% | 4h | 0.06359 | −0.063% | $9.1M | $17.4M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0147% | 4h | 0.06359 | −0.063% | $422K | $115K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06371 | +0.129% | $389K | $277K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06367 | +0.063% | $38K | $14K | 25x | as long as short |
| Aster PYTHUSDT | −0.0004% | 4h | 0.06361 | −0.030% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06373 | +0.159% | $189K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06365 | +0.033% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.619% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06375 | +0.189% | $201K | $197K | 5x | as long as short |
Binance PYTHUSDT
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06360 | −0.046% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06372 | +0.141% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06360 | −0.047% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06362 | −0.016% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06359 | −0.063% | $1.1M | $463K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06366 | +0.047% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06364 | +0.016% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDTlong | +0.0100% | 4h | 0.06363 | long leg | — | $2.8M | — | |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.202% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06365 | +0.025% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06361 | −0.026% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0993% | 1h | 0.06374 | +0.167% | $35K | $90K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1006% | 1h | 0.06379 | +0.251% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL