Funding you earn now, next payment 12:00 UTC+0.0441%/8h= +48.3% APRnext payment +$0.55 per $10,000 · paid last 24h −0.018%
Price spread now: dYdX against Deribit+0.103%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 +$13 a day on $10k at the current rate, and dYdX is 0.103% dearer against Deribit than usual: you sell high and buy low: +$10 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 | 0.06157 | −0.0399 | get 0.0050% / 1h | 50m 36s | $10K | — | 10x |
| Short | dYdX PYTH-USD | 0.06163 | 0.0042 | get 0.0005% / 1h | 50m 36s | $183K | $3 | 5x |
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $92.66
- Price spread: +0.103% → 0.000%
- $10.29
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $85.95
- Costs to cover
- 0.170%
- Break-even
- 0.5 days
Slippage unknown: Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell dYdX live order book, 56 min ago | 97.47 bp | 103.6 bp −$104 | 231.9 bp −$2,319 | 277.6 bp −$27.8K | 758.3 bp −$379.1K |
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 exchanges
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 | −0.0399% | 1h | 0.06157 | long leg | $10K | — | 10x | |
| Backpack PYTH_USDC_PERP | −0.0205% | 1h | 0.06160 | +0.054% | $37K | $54K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +1.673% | $553 | $220K | 5.5x | as long as short |
| dYdX PYTH-USDshort | +0.0042% | 1h | 0.06163 | +0.103% | $183K | $3 | 5x | |
| BloFin PYTH-USDT | +0.0089% | 4h | 0.06158 | +0.016% | $424K | $76K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06160 | +0.049% | $188K | $184K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06152 | −0.074% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06161 | +0.068% | $2.1M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06161 | +0.067% | $19K | $47K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06168 | +0.177% | $8.8M | $18.7M | 75x | as long as short |
Backpack PYTH_USDC_PERP
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06165 | +0.130% | $7.3M | $4.4M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06169 | +0.195% | $2.0M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06151 | −0.097% | $1.0M | $446K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06154 | −0.049% | $10.8M | $2.8M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06160 | +0.049% | $1.5M | $229K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06160 | +0.049% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06159 | +0.032% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06155 | −0.035% | $40K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06151 | −0.099% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06155 | −0.032% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06150 | −0.108% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0349% | 1h | 0.06156 | −0.013% | $371K | $229K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0640% | 1h | 0.06330 | +2.810% | $39K | $20K | 25x | as long as short |
Bybit PYTHUSDT
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
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX