Funding you earn now, next payment 06:00 UTC−0.0417%/8h= −45.6% APRpaid last 24h +0.011%
Price spread now: Backpack against BloFin+0.138%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+0.269%+$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Backpack is 0.138% dearer against BloFin than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.269%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PYTH-USDT | 0.06240 | −0.0020 | get 0.0010% / 4h | 2h 22m | $420K | $75K | 75x |
| Short | Backpack PYTH_USDC_PERP | 0.06249 | −0.0437 | pay 0.0055% / 1h | 22m 31s | $38K | $63K | 10x |
BloFin PYTH-USDT
Backpack PYTH_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$87.54
- Price spread: +0.138% → 0.000%
- $13.78
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$95.76
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 2.40 bp | 11.6 bp −$12 | 23.7 bp −$237 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERPshort | −0.0437% | 1h | 0.06249 | +0.138% | $38K | $63K | 10x | |
| Gate PYTH_USDT | −0.0132% | 4h | 0.06242 | +0.032% | $1.0M | $530K | 75x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0070% | 1h | 0.06239 | −0.016% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDTlong | −0.0020% | 4h | 0.06240 | long leg | $420K | $75K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06244 | +0.060% | $185K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0004% | 4h | 0.06254 | +0.224% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0005% | 4h | 0.06256 | +0.259% | $8.9M | $18.8M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.321% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06235 | −0.080% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06252 | +0.192% | $192K | $210K | 5x | as long as short |
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06247 | +0.110% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06250 | +0.163% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06249 | +0.151% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06257 | +0.272% | $7.3M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06260 | +0.321% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06241 | +0.016% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06252 | +0.192% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06250 | +0.160% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06231 | −0.145% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06237 | −0.042% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0239% | 1h | 0.06241 | +0.019% | $381K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06232 | −0.132% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +4.054% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX