Funding you earn now, next payment 05:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.038%
Price spread now: MEXC against Deribit−0.140%7-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
Funding pays, the price is against you. MEXC is 0.140% cheaper against Deribit than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 7.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PYTH_USDC-PERPETUAL | 0.06430 | 0 | get 0.0000% / 1h | 49m 40s | $10K | $10K | 10x |
| Short | MEXC PYTH_USDT | 0.06421 | 0.0064 | get 0.0032% / 4h | 3h 49m | $10.5M | $2.7M | 125x |
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $13.44
- Price spread: −0.140% → 0.000%
- −$14
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$7.56
- Costs to cover
- 0.070%
- Break-even
- 10.9 days
Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 1.55 bp | 6.0 bp −$6 | 12.0 bp −$120 | 88.9 bp −$8,889 | 163.4 bp −$81.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06428 | −0.033% | $191K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | 0.0000% | 1h | 0.06430 | long leg | $10K | $10K | 10x | |
| BloFin PYTH-USDT | +0.0008% | 4h | 0.06435 | +0.078% | $432K | $80K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.644% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDTshort | +0.0064% | 4h | 0.06421 | −0.140% | $10.5M | $2.7M | 125x | |
| Binance PYTHUSDT | +0.0066% | 4h | 0.06416 | −0.218% | $9.2M | $18.3M | 75x | as long as short |
| Aster PYTHUSDT | +0.0079% | 4h | 0.06426 | −0.067% | $20K | $45K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06428 | −0.031% | $192K | $207K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06430 | 0.000% | $23K | — | 3x | as long as short |
| Gate PYTH_USDT | +0.0098% | 4h | 0.06423 | −0.109% | $1.1M | $517K | 75x | as long as short |
dYdX PYTH-USD
BloFin PYTH-USDT
Injective PYTH/USDC PERP
Binance PYTHUSDT
Aster PYTHUSDT
Lighter PYTH
Aevo PYTH-PERP
Gate PYTH_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06415 | −0.236% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06432 | +0.034% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06421 | −0.140% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06418 | −0.187% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06434 | +0.062% | $1.5M | $349K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06425 | −0.078% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06422 | −0.124% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06437 | +0.110% | $36K | $61K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06439 | +0.146% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06428 | −0.028% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +0.980% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0295% | 1h | 0.06438 | +0.128% | $397K | $296K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06427 | −0.047% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP