Funding you earn now, next payment 22:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.015%
Price spread now: dYdX against Coinbase International−2.190%7-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 −$2 a day on $10k at the current rate, and dYdX is 2.190% cheaper against Coinbase International than usual: you would sell low and buy high (−$219 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | 28m 15s | $40K | $6K | 25x |
| Short | dYdX PYTH-USD | 0.06290 | 0 | get 0.0000% / 1h | 28m 15s | $187K | $19 | 5x |
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$16.8
- Price spread: −2.190% → 0.000%
- −$218.97
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$255.77
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; dYdX: live order book, 56 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 dYdX live order book, 56 min ago | 80.50 bp | 85.5 bp −$86 | 219.1 bp −$2,191 | 274.5 bp −$27.4K | 718.7 bp −$359.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.06281 | −2.338% | $382K | $252K | 25x | as long as short |
| Binance PYTHUSDT | −0.0035% | 4h | 0.06289 | −2.212% | $9.1M | $17.1M | 75x | as long as short |
| Gate PYTH_USDT | −0.0034% | 4h | 0.06281 | −2.332% | $1.1M | $479K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0034% | 4h | 0.06288 | −2.224% | $9.2M | $2.3M | 125x | as long as short |
| Bybit PYTHUSDT | −0.0020% | 4h | 0.06292 | −2.161% | $7.4M | $5.1M | 50x | as long as short |
| BloFin PYTH-USDT | −0.0010% | 4h | 0.06279 | −2.364% | $422K | $114K | 75x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06290 | −2.190% | $187K | $19 | 5x | |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06282 | −2.315% | $22K | — | 3x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0080% | 1h | 0.06431 | long leg | $40K | $6K | 25x |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
Gate PYTH_USDT
MEXC PYTH_USDT
Bybit PYTHUSDT
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06288 | −2.224% | $195K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06293 | −2.142% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06293 | −2.141% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06286 | −2.251% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06280 | −2.348% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06294 | −2.130% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06286 | −2.255% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06287 | −2.239% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06292 | −2.166% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06281 | −2.329% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06290 | −2.199% | $3K | $1K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0227% | 1h | 0.06294 | −2.130% | $10K | $10K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06288 | −2.216% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Deribit PYTH_USDC-PERPETUAL
Reya PYTHRUSDPERP