Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Orderly against Bybit+0.002%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PYTHUSDT0.063590.0100pay 0.0050% / 4h3h 14m$7.6M$4.8M50x
ShortOrderly PERP_PYTH_USDC_mythos0.063590.0100get 0.0050% / 4h3h 14m$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: +0.002% → 0.000%
$0.16
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$16.84
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.58 bp32.5 bp −$3293.1 bp −$931doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06362+0.047%$10K$10K10xas long as short
dYdX PYTH-USD+0.0008%1h0.06357−0.031%$189K$135xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.557%$553$220K5.5xas long as short
BloFin PYTH-USDT+0.0091%4h0.06351−0.126%$428K$72K75xas long as short
Lighter PYTH+0.0096%1h0.06367+0.126%$197K$217K5xas long as short
MEXC PYTH_USDT+0.0098%4h0.06355−0.063%$11.4M$3.0M125xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06356−0.043%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06361+0.035%$2.1M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06354−0.084%$19K$49K10xas long as short
Binance PYTHUSDT+0.0100%4h0.06356−0.047%$9.1M$19.5M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDTlong+0.0100%4h0.06359long leg$7.6M$4.8M50x
OKX PYTH-USDT-SWAP+0.0100%4h0.06363+0.063%$2.1M$3.6M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06351−0.126%$1.0M$512K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06360+0.016%$1.5M$369K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06356−0.047%$2.7M$2.3M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06355−0.063%$2.8Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06366+0.105%$35K$53K10xas long as short
Variational Omni PYTH+0.0100%4h0.06348−0.172%$40K$26Kas long as short
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06359+0.002%$2K$2K10x
Aevo PYTH-PERP+0.0104%1h0.06363+0.057%$23K3xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06340−0.298%20xas long as short
Kraken Futures PF_PYTHUSD+0.0463%1h0.06366+0.112%$386K$292K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0536%1h0.06427+1.069%$40K$19K25xas long as short