PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Gate−0.048%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$990.985% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.048%, 7d avg −0.002%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.046% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06288	−0.0026	get 0.0013% / 4h	1h 12m	$1.1M	$480K	75x
Short	Binance PYTHUSDT	0.06285	−0.0081	pay 0.0040% / 4h	1h 12m	$9.0M	$17.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$11.46
Price spread: −0.048% → −0.002%: −$4.56
Slippage, 4 orders: −$73.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.55
Costs to cover: 0.985%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 13 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 Gate live order book, 5 min ago	3.19 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.59 bp	15.2 bp −$15	37.5 bp −$375	272.5 bp −$27.2K	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
Injective PYTH/USDC PERP	−0.0428%	1h	0.06260	−0.445%	$553	$220K	5.5x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0227%	1h	0.06288	0.000%	$10K	$10K	10x	as long as short
Kraken Futures PF_PYTHUSD	−0.0208%	1h	0.06290	+0.035%	$382K	$248K	25x	as long as short
BloFin PYTH-USDT	−0.0116%	4h	0.06283	−0.080%	$420K	$114K	75x	as long as short
Binance PYTHUSDTshort	−0.0081%	4h	0.06285	−0.048%	$9.0M	$17.0M	75x
MEXC PYTH_USDT	−0.0076%	4h	0.06286	−0.032%	$9.2M	$2.3M	125x	as long as short
Bybit PYTHUSDT	−0.0063%	4h	0.06291	+0.048%	$7.4M	$4.7M	50x	as long as short
Gate PYTH_USDTlong	−0.0026%	4h	0.06288	long leg	$1.1M	$480K	75x
dYdX PYTH-USD	0.0000%	1h	0.06303	+0.234%	$187K	$19	5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06285	−0.048%	$22K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0075%	4h	0.06291	+0.049%	$25K	$40K	10x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0080%	1h	0.06431	+2.274%	$40K	$6K	25x	as long as short
Lighter PYTH	+0.0096%	1h	0.06303	+0.239%	$201K	$215K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06287	−0.016%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06295	+0.107%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06290	+0.032%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06296	+0.127%	$1.5M	$310K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06294	+0.095%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06288	0.000%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06295	+0.115%	$38K	$88K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06279	−0.140%	$44K	$22K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06287	−0.010%	$3K	$1K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06290	+0.030%	—	—	20x	as long as short