PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.010%

Price spread now: Binance against Bitget−0.043%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.043%, 7d avg −0.013%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PYTHUSDT	0.06353	0.0100	pay 0.0050% / 4h	2h 47m	$2.6M	$1.9M	75x
Short	Binance PYTHUSDT	0.06350	−0.0010	pay 0.0005% / 4h	2h 47m	$9.2M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$23.09
Price spread: −0.043% → −0.013%: −$3.05
Slippage, 4 orders: −$42.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.85
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 8 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 Bitget live order book, 4 min ago	3.15 bp	18.7 bp −$19	47.7 bp −$477	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.57 bp	15.9 bp −$16	31.6 bp −$316	195.4 bp −$19.5K	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	−0.047%	$561	$180K	5.5x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0222%	1h	0.06360	+0.110%	$10K	$10K	10x	as long as short
Kraken Futures PF_PYTHUSD	−0.0215%	1h	0.06358	+0.085%	$385K	$240K	25x	as long as short
Gate PYTH_USDT	−0.0088%	4h	0.06350	−0.047%	$1.1M	$463K	75x	as long as short
BloFin PYTH-USDT	−0.0068%	4h	0.06349	−0.063%	$420K	$122K	75x	as long as short
MEXC PYTH_USDT	−0.0012%	4h	0.06352	−0.016%	$9.4M	$2.4M	125x	as long as short
Binance PYTHUSDTshort	−0.0010%	4h	0.06350	−0.043%	$9.2M	$15.9M	75x
dYdX PYTH-USD	0.0000%	1h	0.06362	+0.142%	$189K	$19	5x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0048%	1h	0.06431	+1.228%	$40K	$9K	25x	as long as short
Aevo PYTH-PERP	+0.0080%	1h	0.06357	+0.065%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06362	+0.142%	$197K	$203K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0098%	8h	0.06352	−0.018%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06358	+0.079%	$1.7M	$1.4M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06360	+0.107%	$20K	$26K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06352	−0.016%	$7.5M	$5.0M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06351	−0.031%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06358	+0.079%	$1.5M	$313K	50x	as long as short
Bitget PYTHUSDTlong	+0.0100%	4h	0.06353	long leg	$2.6M	$1.9M	75x
BingX PYTH-USDT	+0.0100%	4h	0.06352	−0.016%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06350	−0.055%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06357	+0.061%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06349	−0.060%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0472%	1h	0.06360	+0.109%	$38K	$88K	10x	as long as short