Funding you earn now, next payment 04:00 UTC+0.0282%/8h= +30.9% APRnext payment +$1.41 per $10,000 · paid last 24h +0.013%
Price spread now: OKX against BloFin+0.456%93s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as 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−$640.639% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.456%, 7d avg +0.046%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.409% dearer against BloFin than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 93 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 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.41 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 | 0.06363 | −0.0182 | get 0.0091% / 4h | 3h 35m | $427K | $112K | 75x |
| Short | OKX PYTH-USDT-SWAP | 0.06392 | 0.0100 | get 0.0050% / 4h | 3h 35m | $2.1M | $3.4M | 50x |
BloFin PYTH-USDT
OKX PYTH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $59.3
- Price spread: +0.456% → +0.046%
- $40.93
- Slippage, 4 orders
- −$41.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $36.35
- Costs to cover
- 0.639%
- Break-even
- 2.7 days
Slippage from BloFin: live order book, 35 min ago; OKX: 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, 35 min ago | 0.79 bp | 11.0 bp −$11 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.78 bp | 16.0 bp −$16 | 106.4 bp −$1,064 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDTlong | −0.0182% | 4h | 0.06363 | long leg | $427K | $112K | 75x | |
| MEXC PYTH_USDT | −0.0154% | 4h | 0.06389 | +0.409% | $9.7M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0149% | 4h | 0.06388 | +0.393% | $9.2M | $17.5M | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06394 | +0.479% | $393K | $290K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.079% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06396 | +0.515% | $190K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06391 | +0.440% | $10K | $10K | 10x | as long as short |
| Aster PYTHUSDT | +0.0008% | 4h | 0.06389 | +0.409% | $22K | $44K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.619% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06390 | +0.424% | $23K | — | 3x | as long as short |
MEXC PYTH_USDT
Binance PYTHUSDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aster PYTHUSDT
Injective PYTH/USDC PERP
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 | 0.06399 | +0.566% | $202K | $198K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06388 | +0.399% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06395 | +0.497% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06395 | +0.503% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPshort | +0.0100% | 4h | 0.06392 | +0.456% | $2.1M | $3.4M | 50x | |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06386 | +0.361% | $1.1M | $469K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06393 | +0.471% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06392 | +0.456% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06390 | +0.424% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06387 | +0.377% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06386 | +0.365% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06387 | +0.382% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0933% | 1h | 0.06398 | +0.550% | $35K | $92K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP