Funding you earn now, next payment 08:00 UTC+0.0761%/8h= +83.4% APRnext payment +$0.95 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against Deribit+1.886%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 1.886% dearer against Deribit than usual: you sell high and buy low: +$189 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PYTH_USDC-PERPETUAL | 0.06308 | −0.0225 | get 0.0028% / 1h | 56m 13s | $10K | $10K | 10x |
| Short | Coinbase International PYTH-PERP-INTX | 0.06427 | 0.0536 | get 0.0067% / 1h | 56m 13s | $40K | $19K | 25x |
Deribit PYTH_USDC-PERPETUAL
Coinbase International PYTH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $159.89
- Price spread: +1.886% → 0.000%
- $188.65
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $331.53
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Deribit and 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUALlong | −0.0225% | 1h | 0.06308 | long leg | $10K | $10K | 10x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06316 | +0.128% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.761% | $553 | $220K | 5.5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0076% | 1h | 0.06300 | −0.125% | $35K | $61K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06308 | 0.000% | $194K | $214K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06301 | −0.117% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06310 | +0.033% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06310 | +0.032% | $21K | $47K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06300 | −0.130% | $9.1M | $19.9M | 75x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06302 | −0.095% | $7.5M | $5.0M | 50x | as long as short |
dYdX PYTH-USD
Injective PYTH/USDC PERP
Backpack PYTH_USDC_PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDT
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 | 0.06296 | −0.190% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06303 | −0.079% | $1.0M | $508K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06300 | −0.127% | $10.5M | $2.7M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06311 | +0.048% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06298 | −0.159% | $2.7M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06298 | −0.159% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06304 | −0.061% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06309 | +0.013% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06305 | −0.048% | $23K | — | 3x | as long as short |
| BloFin PYTH-USDT | +0.0160% | 4h | 0.06317 | +0.143% | $429K | $72K | 75x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06301 | −0.107% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0467% | 1h | 0.06308 | +0.007% | $382K | $303K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTXshort | +0.0536% | 1h | 0.06427 | +1.886% | $40K | $19K | 25x |
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
MEXC PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
BloFin PYTH-USDT
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD