Funding you earn now, next payment 22:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.009%
Price spread now: Backpack against Bitget+0.242%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.242% dearer against Bitget than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06314 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $2.6M | $1.9M | 75x |
| Short | Backpack PYTH_USDC_PERP | 0.06329 | 0.0182 | get 0.0023% / 1h | 12m 46s | $38K | $87K | 10x |
Bitget PYTHUSDT
Backpack PYTH_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $17.13
- Price spread: +0.242% → 0.000%
- $24.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $19.36
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 5 min ago; Backpack: no order-book sample. Net counts fees only.
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 Bitget live order book, 5 min ago | 3.94 bp | 18.3 bp −$18 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 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 | +0.570% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0224% | 1h | 0.06329 | +0.238% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06327 | +0.212% | $383K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0042% | 4h | 0.06319 | +0.079% | $1.1M | $466K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0004% | 4h | 0.06332 | +0.285% | $424K | $117K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06322 | +0.123% | $188K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0020% | 4h | 0.06315 | +0.016% | $9.3M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | +0.0021% | 4h | 0.06310 | −0.069% | $9.1M | $16.0M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.853% | $40K | $6K | 25x | as long as short |
| Bybit PYTHUSDT | +0.0061% | 4h | 0.06311 | −0.048% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06322 | +0.120% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06323 | +0.143% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06323 | +0.143% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06317 | +0.055% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06326 | +0.192% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06310 | −0.063% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06328 | +0.222% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06314 | long leg | $2.6M | $1.9M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06318 | +0.063% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.376% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06325 | +0.173% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERPshort | +0.0182% | 1h | 0.06329 | +0.242% | $38K | $87K | 10x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | +0.134% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP