Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.012%
Price spread now: Bybit against dYdX−0.014%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1581.582% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.014%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.070% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06351 | 0.0008 | pay 0.0001% / 1h | 15m 33s | $189K | $13 | 5x |
| Short | Bybit PYTHUSDT | 0.06350 | 0.0100 | get 0.0050% / 4h | 3h 15m | $7.6M | $4.8M | 50x |
dYdX PYTH-USD
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against dYdX. 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
- $19.29
- Price spread: −0.014% → −0.084%
- $6.99
- Slippage, 4 orders
- −$137.17
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$131.88
- Costs to cover
- 1.582%
- Break-even
- 54.9 days
Slippage from dYdX: live order book, 18 min ago; Bybit: live order book, 2 min ago.
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 dYdX live order book, 18 min ago | 30.91 bp | 35.9 bp −$36 | 83.2 bp −$832 | 127.5 bp −$12.8K | 416.0 bp −$208.0K |
| Sell Bybit live order book, 2 min ago | 1.58 bp | 33.3 bp −$33 | 92.6 bp −$926 | doesn't fit | doesn't fit |
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-PERPETUAL | 0.0000% | 1h | 0.06352 | +0.017% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USDlong | +0.0008% | 1h | 0.06351 | long leg | $189K | $13 | 5x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.431% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0045% | 4h | 0.06338 | −0.203% | $427K | $72K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0086% | 1h | 0.06356 | +0.083% | $35K | $53K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06358 | +0.112% | $196K | $217K | 5x | as long as short |
| MEXC PYTH_USDT | +0.0096% | 4h | 0.06352 | +0.017% | $11.4M | $3.0M | 125x | as long as short |
| Binance PYTHUSDT | +0.0099% | 4h | 0.06348 | −0.053% | $9.1M | $19.5M | 75x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06350 | −0.007% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06356 | +0.076% | $2.1M | $2.0M | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Backpack PYTH_USDC_PERP
Lighter PYTH
MEXC PYTH_USDT
Binance PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06346 | −0.072% | $19K | $49K | 10x | as long as short |
| Bybit PYTHUSDTshort | +0.0100% | 4h | 0.06350 | −0.014% | $7.6M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06347 | −0.061% | $2.1M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06347 | −0.061% | $1.0M | $512K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06353 | +0.033% | $1.5M | $369K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06350 | −0.014% | $2.7M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06350 | −0.014% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06348 | −0.044% | $40K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06349 | −0.025% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06353 | +0.031% | $23K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06332 | −0.300% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0464% | 1h | 0.06356 | +0.073% | $385K | $292K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0536% | 1h | 0.06427 | +1.198% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
Gate 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