Funding you earn now, next payment 05:00 UTC−0.0227%/8h= −24.8% APRpaid last 24h −0.008%
Price spread now: BloFin against Coinbase International−2.233%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 2.233% cheaper against Coinbase International than usual: you would sell low and buy high (−$223 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PYTH-PERP-INTX | 0.06493 | 0.0312 | pay 0.0039% / 1h | 54m 15s | $40K | $19K | 25x |
| Short | BloFin PYTH-USDT | 0.06348 | 0.0085 | get 0.0043% / 4h | 2h 54m | $429K | $77K | 75x |
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$47.64
- Price spread: −2.233% → 0.000%
- −$223.32
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$292.96
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 36 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 36 min ago | 4.69 bp | 12.1 bp −$12 | 32.7 bp −$327 | 109.9 bp −$11.0K | doesn't fit |
Coinbase International: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0381% | 1h | 0.06337 | −2.403% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0377% | 1h | 0.06338 | −2.383% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0062% | 4h | 0.06329 | −2.526% | $1.0M | $518K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06348 | −2.235% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.588% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0048% | 4h | 0.06330 | −2.510% | $10.6M | $2.6M | 125x | as long as short |
| Binance PYTHUSDT | +0.0050% | 4h | 0.06329 | −2.526% | $9.0M | $18.5M | 75x | as long as short |
| BloFin PYTH-USDTshort | +0.0085% | 4h | 0.06348 | −2.233% | $429K | $77K | 75x | |
| Lighter PYTH | +0.0096% | 1h | 0.06341 | −2.341% | $194K | $206K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06331 | −2.503% | $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
Binance PYTHUSDT
Lighter PYTH
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06330 | −2.513% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06341 | −2.347% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06339 | −2.377% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06331 | −2.495% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06330 | −2.510% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06339 | −2.372% | $1.5M | $348K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06331 | −2.495% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06332 | −2.480% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | −2.227% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | −2.477% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0235% | 1h | 0.06339 | −2.366% | $387K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06328 | −2.534% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0312% | 1h | 0.06493 | long leg | $40K | $19K | 25x |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP