PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.015%

Price spread now: Lighter against Bybit+0.094%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$880.877% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.094%, 7d avg +0.095%

Together, before fees+0.062%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PYTHUSDT	0.06363	0.0013	pay 0.0006% / 4h	48m 53s	$7.5M	$4.8M	50x
Short	Lighter PYTH	0.06369	0.0096	get 0.0012% / 1h	48m 53s	$201K	$217K	5x

Funding history

latest

Range statsloading…

Lighter against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee LighterbpOrdersPrice spread, now +0.094%Rate

Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 11 min ago.

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, 4 min ago	0.79 bp	26.5 bp −$26	88.7 bp −$887	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	3.95 bp	12.0 bp −$12	91.1 bp −$911	doesn't fit	doesn't fit

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	0.06363	−0.006%	$379K	$264K	25x	as long as short
Binance PYTHUSDT	−0.0086%	4h	0.06360	−0.047%	$9.1M	$17.1M	75x	as long as short
MEXC PYTH_USDT	−0.0080%	4h	0.06362	−0.016%	$9.6M	$2.3M	125x	as long as short
BloFin PYTH-USDT	−0.0067%	4h	0.06357	−0.094%	$420K	$116K	75x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0064%	1h	0.06359	−0.063%	$10K	$10K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06369	+0.096%	$189K	$19	5x	as long as short
Gate PYTH_USDT	+0.0006%	4h	0.06357	−0.094%	$1.1M	$474K	75x	as long as short
Bybit PYTHUSDTlong	+0.0013%	4h	0.06363	long leg	$7.5M	$4.8M	50x
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.619%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06360	−0.047%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0071%	4h	0.06360	−0.047%	$22K	$44K	10x	as long as short
Lighter PYTHshort	+0.0096%	1h	0.06369	+0.094%	$201K	$217K	5x
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06359	−0.067%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06365	+0.030%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06365	+0.031%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06366	+0.047%	$1.5M	$316K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06363	0.000%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06364	+0.016%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06363	+0.003%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06362	−0.019%	$3K	$1K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0176%	1h	0.06328	−0.550%	$39K	$6K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06363	−0.001%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0591%	1h	0.06367	+0.071%	$36K	$89K	10x	as long as short