PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter against Coinbase International−0.507%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 Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.507% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.507% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$51 on $10k: about 11 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PYTH-PERP-INTX	0.06505	−0.0064	get 0.0008% / 1h	10m 22s	$40K	$18K	25x
Short	Lighter PYTH	0.06472	0.0096	get 0.0012% / 1h	10m 22s	$203K	$199K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.507%Rate

Funding earned: $33.6
Price spread: −0.507% → 0.000%: −$50.73
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.13
Costs to cover: 0.100%
Break-even: 12.7 days

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 45 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 Lighter live order book, 45 min ago	3.14 bp	6.8 bp −$7	67.6 bp −$676	doesn't fit	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
BloFin PYTH-USDT	−0.0149%	4h	0.06458	−0.723%	$432K	$111K	75x	as long as short
Kraken Futures PF_PYTHUSD	−0.0134%	1h	0.06468	−0.576%	$397K	$291K	25x	as long as short
Binance PYTHUSDT	−0.0118%	4h	0.06464	−0.628%	$9.3M	$17.7M	75x	as long as short
MEXC PYTH_USDT	−0.0116%	4h	0.06466	−0.600%	$9.8M	$2.4M	125x	as long as short
Coinbase International PYTH-PERP-INTXlong	−0.0064%	1h	0.06505	long leg	$40K	$18K	25x
dYdX PYTH-USD	0.0000%	1h	0.06476	−0.445%	$192K	$19	5x	as long as short
Aster PYTHUSDT	+0.0019%	4h	0.06475	−0.461%	$22K	$45K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−3.766%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0048%	1h	0.06465	−0.615%	$23K	—	3x	as long as short
Lighter PYTHshort	+0.0096%	1h	0.06472	−0.507%	$203K	$199K	5x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06466	−0.593%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06474	−0.470%	$2.1M	$1.6M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06468	−0.569%	$7.7M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06464	−0.630%	$2.1M	$3.5M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06466	−0.600%	$1.1M	$481K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06476	−0.446%	$1.5M	$326K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06470	−0.538%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06470	−0.538%	—	$2.7M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06461	−0.670%	$39K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06467	−0.584%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06466	−0.607%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0368%	1h	0.06474	−0.477%	$10K	$10K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0951%	1h	0.06466	−0.600%	$36K	$91K	10x	as long as short