PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.011%

Price spread now: BloFin against Gate−0.032%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.032%, 7d avg −0.049%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PYTH_USDT	0.06314	0.0100	pay 0.0050% / 4h	41m 05s	$1.0M	$536K	75x
Short	BloFin PYTH-USDT	0.06312	0.0063	get 0.0032% / 4h	41m 05s	$422K	$72K	75x

Funding history

latest

Range statsloading…

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.032%Rate

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 40 min ago.

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, 1 min ago	3.96 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	6.32 bp	16.8 bp −$17	31.2 bp −$312	78.6 bp −$7,860	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
dYdX PYTH-USD	0.0000%	1h	0.06316	+0.028%	$188K	$19	5x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06320	+0.095%	$10K	$10K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.855%	$553	$220K	5.5x	as long as short
BloFin PYTH-USDTshort	+0.0063%	4h	0.06312	−0.032%	$422K	$72K	75x
MEXC PYTH_USDT	+0.0066%	4h	0.06314	0.000%	$10.7M	$2.8M	125x	as long as short
Binance PYTHUSDT	+0.0067%	4h	0.06313	−0.011%	$8.9M	$19.6M	75x	as long as short
Lighter PYTH	+0.0096%	1h	0.06325	+0.174%	$195K	$221K	5x	as long as short
Aevo PYTH-PERP	+0.0096%	1h	0.06315	+0.016%	$23K	—	3x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06310	−0.056%	$3K	—	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06322	+0.127%	$2.2M	$1.9M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0100%	4h	0.06311	−0.048%	$21K	$46K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06313	−0.016%	$7.5M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06315	+0.016%	$2.1M	$3.5M	50x	as long as short
Gate PYTH_USDTlong	+0.0100%	4h	0.06314	long leg	$1.0M	$536K	75x
KuCoin PYTHUSDTM	+0.0100%	4h	0.06316	+0.032%	$1.5M	$370K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06314	0.000%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06315	+0.016%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06322	+0.131%	$35K	$66K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06320	+0.091%	$40K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06313	−0.013%	$2K	$2K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06314	−0.001%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0451%	1h	0.06320	+0.091%	$383K	$309K	25x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0472%	1h	0.06427	+1.790%	$40K	$19K	25x	as long as short