Funding you earn now, next payment 04:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.044%
Price spread now: Injective against Coinbase International−3.588%64s7-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 −$4 a day on $10k at the current rate, and Injective is 3.588% cheaper against Coinbase International than usual: you would sell low and buy high (−$359 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 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 | 0.0152 | pay 0.0019% / 1h | 57m 46s | $40K | $19K | 25x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 57m 46s | $553 | $220K | 5.5x |
Coinbase International PYTH-PERP-INTX
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$24.92
- Price spread: −3.588% → 0.000%
- −$358.85
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$393.79
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Injective: 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 Injective no order-book sample | — | — | — | — | — |
Coinbase International and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06439 | −0.834% | $191K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −3.588% | $553 | $220K | 5.5x | |
| Binance PYTHUSDT | +0.0064% | 4h | 0.06435 | −0.893% | $9.2M | $18.4M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0066% | 4h | 0.06435 | −0.893% | $10.5M | $2.7M | 125x | as long as short |
| Aster PYTHUSDT | +0.0076% | 4h | 0.06444 | −0.760% | $20K | $45K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06446 | −0.724% | $193K | $207K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06431 | −0.949% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06431 | −0.954% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06445 | −0.739% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06433 | −0.924% | $7.6M | $4.8M | 50x | as long as short |
dYdX PYTH-USD
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
Lighter PYTH
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06435 | −0.893% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06429 | −0.986% | $1.1M | $516K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06444 | −0.755% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06430 | −0.970% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06433 | −0.924% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06440 | −0.812% | $36K | $61K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06456 | −0.572% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06436 | −0.882% | $2K | $2K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0118% | 4h | 0.06440 | −0.816% | $432K | $81K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTXlong | +0.0152% | 1h | 0.06493 | long leg | $40K | $19K | 25x | |
| Kraken Futures PF_PYTHUSD | +0.0295% | 1h | 0.06439 | −0.834% | $397K | $296K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06425 | −1.044% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0371% | 1h | 0.06445 | −0.739% | $10K | $10K | 10x | as long as short |
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL