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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.005%
Price spread now: Coinbase International against BloFin+0.650%58s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.650% dearer against BloFin than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PYTH-USDT0.06463−0.0166get 0.0083% / 4h3h 07m$430K$112K75x
ShortCoinbase International PYTH-PERP-INTX0.06505−0.0064pay 0.0008% / 1h7m 39s$40K$18K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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
$21.36
Price spread: +0.650% → 0.000%
$64.99
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$64.35
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: live order book, 63 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 63 min ago0.79 bp11.0 bp −$1119.8 bp −$198doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PYTH-USDTlong−0.0166%4h0.06463long leg$430K$112K75x
Kraken Futures PF_PYTHUSD−0.0134%1h0.06475+0.184%$397K$291K25xas long as short
Binance PYTHUSDT−0.0123%4h0.06470+0.105%$9.3M$17.7M75xas long as short
MEXC PYTH_USDT−0.0116%4h0.06472+0.139%$9.8M$2.4M125xas long as short
Coinbase International PYTH-PERP-INTXshort−0.0064%1h0.06505+0.650%$40K$18K25x
dYdX PYTH-USD0.0000%1h0.06476+0.202%$192K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06472+0.139%$10K$10K10xas long as short
Aster PYTHUSDT+0.0015%4h0.06471+0.117%$21K$46K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−3.141%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0048%1h0.06465+0.031%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06482+0.294%$203K$199K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06470+0.105%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06483+0.305%$2.1M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06474+0.170%$7.7M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06473+0.155%$2.1M$3.5M50xas long as short
Gate PYTH_USDT+0.0100%4h0.064630.000%$1.1M$481K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06471+0.124%$1.5M$326K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06472+0.139%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06475+0.186%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06461−0.024%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06463+0.002%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06461−0.035%20xas long as short
Backpack PYTH_USDC_PERP+0.0942%1h0.06473+0.150%$36K$91K10xas long as short