Funding you earn now, next payment 04:00 UTC+0.0776%/8h= +85.0% APRnext payment +$0.97 per $10,000 · paid last 24h +0.004%
Price spread now: Kraken Futures against Deribit+0.031%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 Kraken Futures is 0.031% dearer against Deribit than usual: you sell high and buy low: +$3 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 | 0.06447 | −0.0370 | get 0.0046% / 1h | 21m 38s | $10K | $10K | 10x |
| Short | Kraken Futures PF_PYTHUSD | 0.06449 | 0.0406 | get 0.0051% / 1h | 21m 38s | $394K | $288K | 25x |
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $162.97
- Price spread: +0.031% → 0.000%
- $3.05
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $149.03
- Costs to cover
- 0.170%
- Break-even
- 0.6 days
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 36 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 Kraken Futures live order book, 36 min ago | 21.36 bp | 44.1 bp −$44 | 288.0 bp −$2,880 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUALlong | −0.0370% | 1h | 0.06447 | long leg | $10K | $10K | 10x | |
| Gate PYTH_USDT | −0.0118% | 4h | 0.06436 | −0.171% | $1.1M | $513K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0086% | 1h | 0.06443 | −0.056% | $38K | $59K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06453 | +0.090% | $192K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.901% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDT | +0.0059% | 4h | 0.06443 | −0.062% | $9.2M | $18.2M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0060% | 4h | 0.06443 | −0.062% | $10.5M | $2.7M | 125x | as long as short |
| Aster PYTHUSDT | +0.0067% | 4h | 0.06439 | −0.120% | $21K | $44K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0074% | 4h | 0.06462 | +0.233% | $427K | $81K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06452 | +0.078% | $193K | $210K | 5x | as long as short |
Gate PYTH_USDT
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Injective PYTH/USDC PERP
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
BloFin PYTH-USDT
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06445 | −0.031% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06440 | −0.113% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06454 | +0.115% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06449 | +0.031% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06443 | −0.062% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06450 | +0.047% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06448 | +0.016% | $2.8M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06448 | +0.016% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06443 | −0.065% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06442 | −0.082% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06476 | +0.450% | $40K | $19K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06441 | −0.091% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0406% | 1h | 0.06449 | +0.031% | $394K | $288K | 25x |
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP