Spread before costs (cost unknown: a leg has no order-book sample)+2.401%
7d average—if it closes, per $10,000$240funding while held, a day+$5.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06372 | −0.0134 | get 0.0067% / 4h | 1h 14m | $7.5M | $4.8M | 50x |
| Short | Injective PYTH/USDC PERP | 0.06525 | 0.0033 | get 0.0004% / 1h | 14m 38s | $577 | $46K | 5.5x |
Bybit PYTHUSDT
Injective PYTH/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $240.11
- Funding while held
- $5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $234.13
- Spread needed to break even
- 0.110%
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0168%
- Per $10,000 a day
- +$5.03
- Average in range /8h
- —
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, 5 min ago | 2.35 bp | 17.4 bp −$17 | 195.9 bp −$1,959 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.06372cheapest
OKX0.06372cheapestBinance0.06374+0.031%MEXC0.06374+0.031%Variational Omni0.06374+0.035%Reya0.06374+0.039%BingX0.06375+0.047%Aevo0.06375+0.047%Paradex0.06375+0.050%Aster0.06375+0.053%Hyperliquid0.06376+0.060%Bitget0.06376+0.063%BloFin0.06376+0.063%Gate0.06378+0.094%Orderly0.06379+0.107%Backpack0.06380+0.132%KuCoin0.06381+0.141%dYdX0.06381+0.145%Kraken Futures0.06383+0.176%Deribit0.06384+0.188%Lighter0.06385+0.204%Coinbase International0.06391+0.298%
OKX
Binance
MEXC
Variational Omni
Reya
BingX
Aevo
Paradex
Aster
Hyperliquid
Bitget
BloFin
Gate
Orderly
Backpack
KuCoin
dYdX
Kraken Futures
Deribit
Lighter
Coinbase InternationalInjective0.06525+2.401%
PYTH on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDTlong | 0.000% | −0.0134% | 4h | $7.5M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | 0.000% | +0.0100% | 4h | $2.1M | $3.5M | 50x | as long as short |
| Binance PYTHUSDT | +0.031% | +0.0100% | 4h | $9.2M | $15.8M | 75x | as long as short |
| MEXC PYTH_USDT | +0.031% | +0.0100% | 4h | $9.7M | $2.6M | 125x | as long as short |
| Variational Omni PYTH | +0.035% | +0.0100% | 4h | $44K | $17K | — | as long as short |
| Reya PYTHRUSDPERP | +0.039% | +0.0302% | 1h | — | — | 20x | as long as short |
| BingX PYTH-USDT | +0.047% | +0.0100% | 4h | — | $2.8M | — | as long as short |
| Aevo PYTH-PERP | +0.047% | +0.0104% | 1h | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.050% | +0.0092% | 8h | $3K | $56 | 10x | as long as short |
| Aster PYTHUSDT | +0.053% | +0.0100% | 4h | $21K | $34K | 10x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.060% | +0.0100% | 1h | $1.7M | $1.4M | 5x | as long as short |
| Bitget PYTHUSDT | +0.063% | +0.0100% | 4h | $2.6M | $2.1M | 75x | as long as short |
| BloFin PYTH-USDT | +0.063% | +0.0079% | 4h | $433K | $128K | 75x | as long as short |
| Gate PYTH_USDT | +0.094% | −0.0118% | 4h | $1.1M | $528K | 75x | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.107% | +0.0100% | 4h | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.132% | +0.0100% | 1h | $39K | $91K | 10x | as long as short |
| KuCoin PYTHUSDTM | +0.141% | +0.0100% | 4h | $1.5M | $347K | 50x | as long as short |
| dYdX PYTH-USD | +0.145% | 0.0000% | 1h | $189K | $19 | 5x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.176% | −0.0488% | 1h | $385K | $228K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.188% | +0.0220% | 1h | $10K | $10K | 10x | as long as short |
| Lighter PYTH | +0.204% | +0.0096% | 1h | $198K | $203K | 5x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.298% | +0.0352% | 1h | $39K | $10K | 25x | as long as short |
| Injective PYTH/USDC PERPshort | +2.401% | +0.0033% | 1h | $577 | $46K | 5.5x |