Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.034%
Price spread now: Deribit against Gate+0.128%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.128% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06231 | −0.0146 | get 0.0073% / 4h | 2h 23m | $1.0M | $530K | 75x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06239 | −0.0070 | pay 0.0009% / 1h | 23m 05s | $10K | $10K | 10x |
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $15.86
- Price spread: +0.128% → 0.000%
- $12.84
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $6.7
- Costs to cover
- 0.220%
- Break-even
- 4.0 days
Slippage unknown: Gate: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.
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, 4 min ago | 2.41 bp | 30.1 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0437% | 1h | 0.06249 | +0.282% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDTlong | −0.0146% | 4h | 0.06231 | long leg | $1.0M | $530K | 75x | |
| Deribit PYTH_USDC-PERPETUALshort | −0.0070% | 1h | 0.06239 | +0.128% | $10K | $10K | 10x | |
| BloFin PYTH-USDT | −0.0020% | 4h | 0.06240 | +0.144% | $420K | $75K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06249 | +0.285% | $186K | $19 | 5x | as long as short |
| MEXC PYTH_USDT | +0.0004% | 4h | 0.06237 | +0.096% | $10.3M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0006% | 4h | 0.06245 | +0.225% | $8.9M | $18.9M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.465% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06235 | +0.064% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06244 | +0.209% | $192K | $210K | 5x | as long as short |
Backpack PYTH_USDC_PERP
BloFin PYTH-USDT
dYdX PYTH-USD
MEXC PYTH_USDT
Binance PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06236 | +0.087% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06245 | +0.233% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06242 | +0.177% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06238 | +0.112% | $7.3M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06245 | +0.225% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06238 | +0.112% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06236 | +0.080% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06239 | +0.128% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06231 | 0.000% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06237 | +0.103% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0239% | 1h | 0.06241 | +0.164% | $381K | $302K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06232 | +0.012% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +4.205% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX