PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: OKX against dYdX−0.092%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2672.666% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.092%, 7d avg −0.096%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PYTH-USD	0.06358	0	get 0.0000% / 1h	3m 43s	$189K	$19	5x
Short	OKX PYTH-USDT-SWAP	0.06352	0.0100	get 0.0050% / 4h	2h 03m	$2.1M	$3.4M	50x

Funding history

latest

Range statsloading…

OKX against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee dYdXbpFee OKXbpOrdersPrice spread, now −0.092%Rate

Slippage from dYdX: live order book, 65 min ago; OKX: live order book, 4 min ago.

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, 65 min ago	45.53 bp	71.4 bp −$71	172.5 bp −$1,725	196.0 bp −$19.6K	878.0 bp −$439.0K
Sell OKX live order book, 4 min ago	3.94 bp	19.6 bp −$20	135.8 bp −$1,358	doesn't fit	doesn't fit

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
Gate PYTH_USDT	−0.0084%	4h	0.06351	−0.108%	$1.0M	$501K	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06369	+0.175%	$39K	$18K	25x	as long as short
MEXC PYTH_USDT	−0.0056%	4h	0.06355	−0.045%	$9.6M	$2.4M	125x	as long as short
Binance PYTHUSDT	−0.0052%	4h	0.06352	−0.087%	$9.1M	$17.7M	75x	as long as short
dYdX PYTH-USDlong	0.0000%	1h	0.06358	long leg	$189K	$19	5x
Aster PYTHUSDT	+0.0001%	4h	0.06356	−0.036%	$20K	$46K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.539%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06352	−0.094%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06363	+0.081%	$191K	$206K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06346	−0.179%	$3K	—	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06367	+0.138%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06354	−0.061%	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAPshort	+0.0100%	4h	0.06352	−0.092%	$2.1M	$3.4M	50x
KuCoin PYTHUSDTM	+0.0100%	4h	0.06359	+0.018%	$1.5M	$341K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06357	−0.013%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06358	+0.002%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06365	+0.108%	$39K	$92K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06340	−0.275%	$38K	$26K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06355	−0.048%	$3K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06356	−0.034%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0377%	1h	0.06360	+0.031%	$388K	$292K	25x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0693%	1h	0.06366	+0.128%	$10K	$10K	10x	as long as short