Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.013%
Price spread now: Binance against BloFin−0.065%81s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as 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−$610.609% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.065%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.095% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.031%). Swap the legs. The two prices were read 81 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 | BloFin PYTH-USDT | 0.06284 | 0.0049 | pay 0.0024% / 4h | 1h 33m | $424K | $76K | 75x |
| Short | Binance PYTHUSDT | 0.06280 | 0.0013 | get 0.0006% / 4h | 1h 33m | $8.9M | $19.5M | 75x |
BloFin PYTH-USDT
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$7.48
- Price spread: −0.065% → +0.031%
- −$9.51
- Slippage, 4 orders
- −$38.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$77.85
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 52 min ago; Binance: live order book, 7 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 BloFin live order book, 52 min ago | 2.40 bp | 11.6 bp −$12 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.58 bp | 15.4 bp −$15 | 32.1 bp −$321 | 233.9 bp −$23.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0124% | 1h | 0.06287 | +0.053% | $35K | $66K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06282 | −0.032% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | +0.0004% | 4h | 0.06273 | −0.175% | $1.0M | $535K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0010% | 4h | 0.06280 | −0.064% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0013% | 4h | 0.06280 | −0.065% | $8.9M | $19.5M | 75x | |
| dYdX PYTH-USD | +0.0013% | 1h | 0.06274 | −0.160% | $186K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.382% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDTlong | +0.0049% | 4h | 0.06284 | long leg | $424K | $76K | 75x | |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06280 | −0.062% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06287 | +0.048% | $193K | $218K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
MEXC PYTH_USDT
dYdX PYTH-USD
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 | 0.06269 | −0.238% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06287 | +0.041% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06277 | −0.116% | $19K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06284 | 0.000% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06284 | 0.000% | $2.1M | $3.6M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06281 | −0.048% | $1.5M | $353K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06284 | 0.000% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06282 | −0.032% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06303 | +0.301% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06276 | −0.121% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0132% | 1h | 0.06286 | +0.027% | $381K | $314K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06276 | −0.131% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +2.276% | $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