Funding you earn now, next payment 00:00 UTC+0.0257%/8h= +28.2% APRnext payment +$1.29 per $10,000 · paid last 24h −0.015%
Price spread now: Gate against BloFin+0.315%78s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as 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−$930.932% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.315%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.275% dearer against BloFin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.041%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.29 per $10,000. 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 | 0.06341 | −0.0195 | get 0.0098% / 4h | 3h 59m | $421K | $114K | 75x |
| Short | Gate PYTH_USDT | 0.06361 | 0.0062 | get 0.0031% / 4h | 3h 59m | $1.1M | $480K | 75x |
BloFin PYTH-USDT
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $54
- Price spread: +0.315% → +0.041%
- $27.49
- Slippage, 4 orders
- −$66.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$11.73
- Costs to cover
- 0.932%
- Break-even
- 8.5 days
Slippage from BloFin: live order book, 11 min ago; Gate: live order book, 2 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, 11 min ago | 0.79 bp | 11.0 bp −$11 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.94 bp | 31.8 bp −$32 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0396% | 1h | 0.06370 | +0.461% | $389K | $277K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0221% | 1h | 0.06368 | +0.426% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDTlong | −0.0195% | 4h | 0.06341 | long leg | $421K | $114K | 75x | |
| MEXC PYTH_USDT | −0.0186% | 4h | 0.06360 | +0.300% | $9.5M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0182% | 4h | 0.06353 | +0.197% | $9.1M | $17.4M | 75x | as long as short |
| Aster PYTHUSDT | −0.0006% | 4h | 0.06363 | +0.353% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06366 | +0.396% | $189K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06365 | +0.378% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.277% | $553 | $220K | 5.5x | as long as short |
| Gate PYTH_USDTshort | +0.0062% | 4h | 0.06361 | +0.315% | $1.1M | $480K | 75x |
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06368 | +0.426% | $202K | $197K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06357 | +0.248% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06372 | +0.486% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06357 | +0.252% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06353 | +0.189% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06363 | +0.347% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06362 | +0.331% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06361 | +0.315% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | +0.144% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06360 | +0.303% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06336 | −0.079% | $38K | $13K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06360 | +0.297% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0543% | 1h | 0.06372 | +0.490% | $35K | $90K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP