Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.061%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$780.784% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days+0.094%+$9 · spread now +0.061%, 7d avg +0.078%
Together, before fees+0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PYTHUSDT0.063570.0100pay 0.0050% / 4h3h 46m$2.6M$2.1M75x
ShortHyperliquid PYTH0.063610.0100get 0.0013% / 1h46m 16s$1.9M$1.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.061% → +0.078%
−$1.69
Slippage, 4 orders
−$57.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$80.05
Costs to cover
0.784%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago3.93 bp18.7 bp −$1944.7 bp −$447doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.34 bp17.4 bp −$17doesn't fitdoesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PYTH-USDT−0.0196%4h0.06355−0.031%$424K$113K75xas long as short
Binance PYTHUSDT−0.0179%4h0.06351−0.090%$9.2M$17.6M75xas long as short
MEXC PYTH_USDT−0.0178%4h0.06350−0.110%$9.7M$2.4M125xas long as short
Kraken Futures PF_PYTHUSD−0.0137%1h0.06355−0.028%$389K$289K25xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06368+0.173%$40K$18K25xas long as short
Aster PYTHUSDT−0.0012%4h0.06360+0.044%$22K$44K10xas long as short
dYdX PYTH-USD0.0000%1h0.06367+0.157%$189K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.526%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0040%1h0.06351−0.096%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06360+0.047%$201K$198K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDT+0.0098%4h0.06359+0.031%$7.6M$4.8M50xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06355−0.037%$3K$5610xas long as short
Hyperliquid PYTHshort+0.0100%1h0.06361+0.061%$1.9M$1.6M5x
OKX PYTH-USDT-SWAP+0.0100%4h0.06350−0.110%$2.1M$3.4M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06351−0.094%$1.1M$468K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06362+0.079%$1.5M$325K50xas long as short
Bitget PYTHUSDTlong+0.0100%4h0.06357long leg$2.6M$2.1M75x
BingX PYTH-USDT+0.0100%4h0.06356−0.016%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06358+0.016%$38K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06358+0.014%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06349−0.125%20xas long as short
Backpack PYTH_USDC_PERP+0.0859%1h0.06357+0.006%$35K$91K10xas long as short
Deribit PYTH_USDC-PERPETUAL+0.1794%1h0.06374+0.267%$10K$10K10xas long as short