Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter against dYdX−0.076%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1001.003% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.076%, 7d avg +0.012%
=Together, before fees+0.266%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.088% cheaper against dYdX than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.012%). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PYTH-USD | 0.06445 | 0 | get 0.0000% / 1h | 50m 02s | $191K | $19 | 5x |
| Short | Lighter PYTH | 0.06440 | 0.0096 | get 0.0012% / 1h | 50m 02s | $193K | $207K | 5x |
dYdX PYTH-USD
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $20.16
- Price spread: −0.076% → +0.012%
- −$8.82
- Slippage, 4 orders
- −$90.3
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$88.96
- Costs to cover
- 1.003%
- Break-even
- 37.9 days
Slippage from dYdX: live order book, 4 min ago; Lighter: live order book, 50 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, 4 min ago | 30.27 bp | 35.3 bp −$35 | 148.3 bp −$1,483 | 196.6 bp −$19.7K | 631.4 bp −$315.7K |
| Sell Lighter live order book, 50 min ago | 3.96 bp | 9.4 bp −$9 | 66.3 bp −$663 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USDlong | 0.0000% | 1h | 0.06445 | long leg | $191K | $19 | 5x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06430 | −0.231% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0008% | 4h | 0.06435 | −0.154% | $432K | $80K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.869% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0058% | 4h | 0.06428 | −0.262% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0065% | 4h | 0.06428 | −0.268% | $9.2M | $18.3M | 75x | as long as short |
| Aster PYTHUSDT | +0.0080% | 4h | 0.06427 | −0.278% | $20K | $45K | 10x | as long as short |
| Gate PYTH_USDT | +0.0092% | 4h | 0.06423 | −0.340% | $1.1M | $517K | 75x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06440 | −0.076% | $193K | $207K | 5x | |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06430 | −0.231% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Gate PYTH_USDT
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 | 0.06428 | −0.264% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06439 | −0.087% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06427 | −0.278% | $7.6M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06425 | −0.309% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06434 | −0.169% | $1.5M | $349K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06433 | −0.185% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06427 | −0.278% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06437 | −0.121% | $36K | $61K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06439 | −0.086% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06428 | −0.259% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +0.746% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0295% | 1h | 0.06438 | −0.103% | $397K | $296K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06427 | −0.278% | — | — | 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