Funding you earn now, next payment 22:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h +0.055%
Price spread now: Kraken Futures against Bitget+0.001%48s7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days+0.457%+$46 on $10k
+Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.001%, 7d avg +0.161%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.160% cheaper against Bitget than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.161%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.457%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PYTHUSDT | 0.06343 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $2.6M | $1.9M | 75x |
| Short | Kraken Futures PF_PYTHUSD | 0.06343 | −0.0216 | pay 0.0027% / 1h | 24m 29s | $384K | $240K | 25x |
Bitget PYTHUSDT
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$66.32
- Price spread: +0.001% → +0.161%
- −$15.99
- Slippage, 4 orders
- −$63.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$168.08
- Costs to cover
- 0.858%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 63 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, 3 min ago | 2.37 bp | 18.3 bp −$18 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 63 min ago | 16.41 bp | 24.1 bp −$24 | 162.7 bp −$1,627 | 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 | +0.110% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSDshort | −0.0216% | 1h | 0.06343 | +0.001% | $384K | $240K | 25x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06340 | −0.047% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | −0.0047% | 4h | 0.06347 | +0.063% | $424K | $118K | 75x | as long as short |
| Gate PYTH_USDT | −0.0038% | 4h | 0.06336 | −0.110% | $1.1M | $465K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06348 | +0.075% | $188K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | 0.0000% | 4h | 0.06336 | −0.110% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | +0.0005% | 4h | 0.06340 | −0.047% | $9.1M | $15.9M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.387% | $40K | $6K | 25x | as long as short |
| Bybit PYTHUSDT | +0.0049% | 4h | 0.06343 | 0.000% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Gate 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 | +0.0080% | 1h | 0.06340 | −0.047% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06349 | +0.095% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06341 | −0.027% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06345 | +0.036% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06340 | −0.049% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06340 | −0.047% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06344 | +0.016% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDTlong | +0.0100% | 4h | 0.06343 | long leg | $2.6M | $1.9M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06340 | −0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06343 | +0.004% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06343 | 0.000% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0216% | 1h | 0.06345 | +0.024% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06341 | −0.038% | — | — | 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
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP