Funding you earn now, next payment 00:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h +0.050%
Price spread now: Kraken Futures against Gate+0.124%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
Funding, last 7 days+0.494%+$49 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.124%, 7d avg +0.152%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.028% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.152%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.494%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06358 | 0.0004 | pay 0.0002% / 4h | 50m 14s | $1.1M | $474K | 75x |
| Short | Kraken Futures PF_PYTHUSD | 0.06366 | −0.0396 | pay 0.0050% / 1h | 50m 14s | $379K | $264K | 25x |
Gate PYTH_USDT
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$84.04
- Price spread: +0.124% → +0.152%
- −$2.76
- Slippage, 4 orders
- −$101.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$213.52
- Costs to cover
- 1.267%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 27 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, 2 min ago | 5.51 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 9.55 bp | 36.1 bp −$36 | 167.9 bp −$1,679 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSDshort | −0.0396% | 1h | 0.06366 | +0.124% | $379K | $264K | 25x | |
| BloFin PYTH-USDT | −0.0136% | 4h | 0.06358 | 0.000% | $420K | $116K | 75x | as long as short |
| Binance PYTHUSDT | −0.0081% | 4h | 0.06358 | 0.000% | $9.1M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0078% | 4h | 0.06358 | 0.000% | $9.6M | $2.3M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06369 | +0.175% | $189K | $19 | 5x | as long as short |
| Gate PYTH_USDTlong | +0.0004% | 4h | 0.06358 | long leg | $1.1M | $474K | 75x | |
| Bybit PYTHUSDT | +0.0017% | 4h | 0.06359 | +0.016% | $7.5M | $4.8M | 50x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.541% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06360 | +0.039% | $23K | — | 3x | as long as short |
| Aster PYTHUSDT | +0.0075% | 4h | 0.06360 | +0.031% | $22K | $44K | 10x | as long as short |
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Bybit PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06368 | +0.157% | $201K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06354 | −0.068% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06365 | +0.112% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06363 | +0.079% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06366 | +0.126% | $1.5M | $316K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06358 | 0.000% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06360 | +0.031% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06363 | +0.082% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06360 | +0.028% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | −0.472% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06357 | −0.021% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0535% | 1h | 0.06376 | +0.283% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0590% | 1h | 0.06368 | +0.159% | $36K | $89K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP