PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h −0.004%

Price spread now: Deribit against Coinbase International−2.130%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Deribit is 2.130% cheaper against Coinbase International than usual: you would sell low and buy high (spread −2.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$213 on $10k: about 48 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06431	0.0080	pay 0.0010% / 1h	34m 03s	$40K	$6K	25x
Short	Deribit PYTH_USDC-PERPETUAL	0.06294	0.0227	get 0.0028% / 1h	34m 03s	$10K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −2.130%Rate

Funding earned: $30.84
Price spread: −2.130% → 0.000%: −$213.03
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$199.19
Costs to cover: 0.170%
Break-even: 52.2 days

Slippage unknown: Coinbase International: no order-book sample; Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and Deribit: 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
Injective PYTH/USDC PERP	−0.0428%	1h	0.06260	−2.659%	$553	$220K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06295	−2.112%	$382K	$252K	25x	as long as short
Bybit PYTHUSDT	−0.0065%	4h	0.06295	−2.115%	$7.4M	$5.1M	50x	as long as short
BloFin PYTH-USDT	−0.0033%	4h	0.06283	−2.301%	$420K	$115K	75x	as long as short
Gate PYTH_USDT	−0.0030%	4h	0.06281	−2.332%	$1.1M	$479K	75x	as long as short
Binance PYTHUSDT	−0.0013%	4h	0.06289	−2.208%	$9.1M	$17.0M	75x	as long as short
MEXC PYTH_USDT	−0.0002%	4h	0.06289	−2.208%	$9.2M	$2.3M	125x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06298	−2.067%	$187K	$19	5x	as long as short
Aevo PYTH-PERP	+0.0080%	1h	0.06294	−2.127%	$22K	—	3x	as long as short
Coinbase International PYTH-PERP-INTXlong	+0.0080%	1h	0.06431	long leg	$40K	$6K	25x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06299	−2.053%	$197K	$208K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06289	−2.213%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06296	−2.096%	$1.7M	$1.5M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06281	−2.332%	$25K	$40K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06294	−2.130%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06295	−2.115%	$1.5M	$315K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06287	−2.239%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06291	−2.177%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06295	−2.113%	$38K	$88K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06293	−2.149%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06288	−2.228%	$3K	$1K	10x	as long as short
Deribit PYTH_USDC-PERPETUALshort	+0.0227%	1h	0.06294	−2.130%	$10K	$10K	10x
Reya PYTHRUSDPERP	+0.0302%	1h	0.06282	−2.313%	—	—	20x	as long as short