Funding you earn now, next payment 05:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Deribit+0.047%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 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 | 0.06329 | −0.0066 | get 0.0008% / 1h | 2m 32s | $10K | $10K | 10x |
| Short | Lighter PYTH | 0.06332 | 0.0096 | get 0.0012% / 1h | 2m 32s | $193K | $212K | 5x |
Deribit PYTH_USDC-PERPETUAL
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $34
- Price spread: +0.047% → 0.000%
- $4.74
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $31.74
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 32 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 Lighter live order book, 32 min ago | 3.13 bp | 11.2 bp −$11 | 93.1 bp −$931 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0138% | 1h | 0.06329 | +0.002% | $38K | $63K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | −0.0066% | 1h | 0.06329 | long leg | $10K | $10K | 10x | |
| Gate PYTH_USDT | −0.0060% | 4h | 0.06327 | −0.032% | $1.0M | $522K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06331 | +0.029% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.090% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0038% | 4h | 0.06322 | −0.111% | $425K | $76K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0038% | 4h | 0.06314 | −0.237% | $10.6M | $2.9M | 125x | as long as short |
| Binance PYTHUSDT | +0.0040% | 4h | 0.06314 | −0.240% | $9.0M | $18.4M | 75x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06325 | −0.063% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06332 | +0.047% | $193K | $212K | 5x |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06321 | −0.127% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06326 | −0.043% | $2.3M | $1.8M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06331 | +0.026% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06323 | −0.095% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06316 | −0.205% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06323 | −0.095% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06315 | −0.221% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06316 | −0.205% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | +0.212% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06323 | −0.096% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.591% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0300% | 1h | 0.06330 | +0.009% | $386K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06316 | −0.210% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
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
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP