PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against Bitget−0.126%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.126%, 7d avg −0.011%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.115% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PYTHUSDT	0.06367	0.0100	pay 0.0050% / 4h	2h 58m	$2.6M	$1.9M	75x
Short	Gate PYTH_USDT	0.06359	−0.0080	pay 0.0040% / 4h	2h 58m	$1.1M	$462K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.126%Rate

Funding earned: −$37.8
Price spread: −0.126% → −0.011%: −$11.47
Slippage, 4 orders: −$71.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$147.47
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.93 bp	15.8 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.51 bp	35.3 bp −$35	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	−0.267%	$561	$180K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0215%	1h	0.06370	+0.053%	$386K	$230K	25x	as long as short
Gate PYTH_USDTshort	−0.0080%	4h	0.06359	−0.126%	$1.1M	$462K	75x
Binance PYTHUSDT	−0.0018%	4h	0.06361	−0.094%	$9.0M	$15.9M	75x	as long as short
MEXC PYTH_USDT	−0.0018%	4h	0.06363	−0.063%	$9.4M	$2.4M	125x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06368	+0.016%	$189K	$19	5x	as long as short
BloFin PYTH-USDT	0.0000%	4h	0.06363	−0.063%	$420K	$123K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0048%	1h	0.06431	+1.005%	$40K	$9K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0064%	1h	0.06373	+0.094%	$10K	$10K	10x	as long as short
Aevo PYTH-PERP	+0.0072%	1h	0.06366	−0.020%	$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	0.06374	+0.110%	$197K	$203K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0098%	8h	0.06360	−0.111%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06371	+0.057%	$1.7M	$1.4M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06372	+0.084%	$20K	$26K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06365	−0.031%	$7.4M	$5.0M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06362	−0.079%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06372	+0.079%	$1.5M	$319K	50x	as long as short
Bitget PYTHUSDTlong	+0.0100%	4h	0.06367	long leg	$2.6M	$1.9M	75x
BingX PYTH-USDT	+0.0100%	4h	0.06363	−0.063%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06369	+0.025%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06366	−0.009%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06361	−0.092%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0508%	1h	0.06371	+0.064%	$39K	$90K	10x	as long as short