Funding you earn now, next payment 01:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h +0.025%
Price spread now: BloFin against Deribit−0.532%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.532% cheaper against Deribit than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | Deribit PYTH_USDC-PERPETUAL | 0.06393 | 0 | get 0.0000% / 1h | 56m 15s | $10K | $10K | 10x |
| Short | BloFin PYTH-USDT | 0.06359 | −0.0193 | pay 0.0096% / 4h | 3h 56m | $422K | $115K | 75x |
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$40.43
- Price spread: −0.532% → 0.000%
- −$53.18
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.61
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 14 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 14 min ago | 0.79 bp | 16.8 bp −$17 | 32.0 bp −$320 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDTshort | −0.0193% | 4h | 0.06359 | −0.532% | $422K | $115K | 75x | |
| Binance PYTHUSDT | −0.0174% | 4h | 0.06384 | −0.134% | $9.1M | $17.4M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0174% | 4h | 0.06384 | −0.141% | $9.6M | $2.3M | 125x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0136% | 1h | 0.06399 | +0.086% | $392K | $280K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06389 | −0.063% | $39K | $15K | 25x | as long as short |
| Aster PYTHUSDT | −0.0001% | 4h | 0.06384 | −0.137% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06393 | +0.001% | $190K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | 0.0000% | 1h | 0.06393 | long leg | $10K | $10K | 10x | |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06379 | −0.214% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.080% | $553 | $220K | 5.5x | as long as short |
Binance PYTHUSDT
MEXC PYTH_USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06398 | +0.078% | $202K | $197K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06386 | −0.117% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06394 | +0.011% | $1.9M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06388 | −0.078% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06383 | −0.156% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06386 | −0.109% | $1.1M | $463K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06392 | −0.016% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06388 | −0.078% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06390 | −0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | −0.021% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06385 | −0.128% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06382 | −0.170% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0974% | 1h | 0.06397 | +0.061% | $35K | $90K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP