Funding you earn now, next payment 22:00 UTC−0.0648%/8h= −71.0% APRpaid last 24h −0.043%
Price spread now: Injective against BloFin+0.174%7-day average −0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.174%, 7d avg −0.142%
=The price spread pays, funding is against you. Injective is 0.316% dearer against BloFin than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of −0.142%): +$32 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.123% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% 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 | 0.06339 | 0.0062 | pay 0.0031% / 4h | 2h 20m | $423K | $117K | 75x |
| Short | Injective PYTH/USDC PERP | 0.06350 | −0.0586 | pay 0.0073% / 1h | 20m 22s | $561 | $180K | 5.5x |
BloFin PYTH-USDT
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$136.16
- Price spread: +0.174% → −0.142%
- $31.58
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$116.61
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 65 min ago; Injective: 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, 65 min ago | 0.79 bp | 16.3 bp −$16 | 32.7 bp −$327 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERPshort | −0.0586% | 1h | 0.06350 | +0.174% | $561 | $180K | 5.5x | |
| Deribit PYTH_USDC-PERPETUAL | −0.0380% | 1h | 0.06348 | +0.142% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06346 | +0.115% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0036% | 4h | 0.06351 | +0.189% | $1.1M | $466K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06351 | +0.183% | $189K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0012% | 4h | 0.06341 | +0.032% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | +0.0017% | 4h | 0.06339 | +0.007% | $9.1M | $15.9M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.451% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDTlong | +0.0062% | 4h | 0.06339 | long leg | $423K | $117K | 75x | |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06342 | +0.050% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06353 | +0.221% | $197K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06341 | +0.034% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06348 | +0.137% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06342 | +0.055% | $20K | $24K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06344 | +0.079% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06346 | +0.110% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06348 | +0.142% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06345 | +0.095% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06351 | +0.189% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06343 | +0.067% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06348 | +0.137% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0217% | 1h | 0.06351 | +0.191% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06342 | +0.046% | — | — | 20x | as long as short |
Lighter PYTH
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
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP