Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: Binance against Bybit0.000%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now 0.000%, 7d avg −0.045%
=The price spread pays, funding is against you. Binance is 0.045% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.045%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.042% in total) that is about 7.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06338 | 0.0097 | pay 0.0048% / 4h | 3h 09m | $7.5M | $4.8M | 50x |
| Short | Binance PYTHUSDT | 0.06338 | 0.0045 | get 0.0022% / 4h | 3h 09m | $9.1M | $18.4M | 75x |
Bybit PYTHUSDT
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$10.87
- Price spread: 0.000% → −0.045%
- $4.51
- Slippage, 4 orders
- −$77.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$104.58
- Costs to cover
- 0.982%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 1 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 Bybit live order book, 3 min ago | 2.36 bp | 35.4 bp −$35 | 255.4 bp −$2,554 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.79 bp | 11.3 bp −$11 | 27.4 bp −$274 | 248.7 bp −$24.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0381% | 1h | 0.06337 | −0.016% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0097% | 1h | 0.06345 | +0.110% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0010% | 4h | 0.06332 | −0.095% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | +0.186% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.231% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDTshort | +0.0045% | 4h | 0.06338 | 0.000% | $9.1M | $18.4M | 75x | |
| MEXC PYTH_USDT | +0.0050% | 4h | 0.06338 | 0.000% | $10.7M | $2.9M | 125x | as long as short |
| BloFin PYTH-USDT | +0.0077% | 4h | 0.06355 | +0.268% | $427K | $77K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06347 | +0.142% | $193K | $211K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06342 | +0.060% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
BloFin PYTH-USDT
Lighter PYTH
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDTlong | +0.0097% | 4h | 0.06338 | long leg | $7.5M | $4.8M | 50x | |
| Aster PYTHUSDT | +0.0098% | 4h | 0.06348 | +0.162% | $20K | $45K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06334 | −0.071% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06347 | +0.145% | $2.3M | $1.8M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06340 | +0.032% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06339 | +0.016% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | +0.126% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06340 | +0.032% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | +0.194% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06341 | +0.052% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.446% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06343 | +0.076% | $388K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06335 | −0.042% | — | — | 20x | as long as short |
Aster PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP