Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h +0.021%
Price spread now: Deribit against BloFin−0.032%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.032% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | 0.06312 | 0.0063 | pay 0.0032% / 4h | 40m 08s | $422K | $72K | 75x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06310 | 0 | get 0.0000% / 1h | 40m 08s | $10K | $10K | 10x |
BloFin PYTH-USDT
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$13.32
- Price spread: −0.032% → 0.000%
- −$3.17
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$35.49
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 40 min ago; Deribit: 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, 40 min ago | 6.32 bp | 12.8 bp −$13 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06315 | +0.043% | $188K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | 0.0000% | 1h | 0.06310 | −0.032% | $10K | $10K | 10x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.824% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDTlong | +0.0063% | 4h | 0.06312 | long leg | $422K | $72K | 75x | |
| MEXC PYTH_USDT | +0.0066% | 4h | 0.06300 | −0.190% | $10.7M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0071% | 4h | 0.06299 | −0.206% | $8.9M | $19.5M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06310 | −0.032% | $194K | $221K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06303 | −0.146% | $22K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06304 | −0.126% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06308 | −0.071% | $2.2M | $1.9M | 5x | as long as short |
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Lighter PYTH
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06301 | −0.177% | $21K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06303 | −0.143% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06299 | −0.206% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06300 | −0.190% | $1.0M | $536K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06315 | +0.048% | $1.5M | $370K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06309 | −0.048% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06301 | −0.174% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06309 | −0.052% | $35K | $66K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06309 | −0.043% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06307 | −0.086% | $2K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06299 | −0.211% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0452% | 1h | 0.06307 | −0.074% | $382K | $309K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +1.822% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX