data as of
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Price arb /

PYTH

all PYTH markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$88
spread now−0.061%7d average−0.004%fees + slippage, in and out−$82spread needed0.818%
Long on GateShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PYTH_USDT0.065840.0100pay 0.0050% / 4h16m 34s$1.2M$454K75x
ShortMEXC PYTH_USDT0.065800.0098get 0.0049% / 4h16m 34s$9.8M$2.9M125x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.08
Funding while held
−$0.06
Slippage, 4 orders
−$66.81
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 0 bp × 2 orders
$0
Net
−$87.95
Spread needed to break even
0.818%
Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0002%
Per $10,000 a day
−$0.06
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago6.85 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago0.76 bp5.0 bp −$521.2 bp −$212102.1 bp −$10.2K201.2 bp −$100.6K

PYTH price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.06521cheapestInjective0.06525+0.055%Paradex0.06576+0.833%OKX0.06577+0.852%Bybit0.06578+0.867%Binance0.06579+0.883%BingX0.06579+0.883%Reya0.06580+0.895%
MEXC0.06580+0.898%
BloFin0.06580+0.898%Aevo0.06580+0.902%Orderly0.06582+0.927%dYdX0.06582+0.933%
Gate0.06584+0.959%
Hyperliquid0.06585+0.973%KuCoin0.06585+0.975%Bitget0.06585+0.975%Backpack0.06586+0.987%Deribit0.06586+0.990%Lighter0.06587+1.005%Coinbase International0.06587+1.005%Kraken Futures0.06589+1.033%Aster0.06640+1.816%

PYTH on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PYTH−0.950%+0.0100%4h$47K$16K—as long as short
Injective PYTH/USDC PERP−0.896%−0.0184%1h$577$80K5.5xas long as short
Paradex PYTH-USD-PERP−0.125%+0.0096%8h$3K$5610xas long as short
OKX PYTH-USDT-SWAP−0.106%+0.0100%4h$2.1M$3.4M50xas long as short
Bybit PYTHUSDT−0.091%+0.0100%4h$8.0M$4.5M50xas long as short
Binance PYTHUSDT−0.076%+0.0100%4h$9.5M$15.0M75xas long as short
BingX PYTH-USDT−0.076%+0.0100%4h—$2.8M—as long as short
Reya PYTHRUSDPERP−0.064%+0.0302%1h——20xas long as short
MEXC PYTH_USDTshort−0.061%+0.0098%4h$9.8M$2.9M125x
BloFin PYTH-USDT−0.061%+0.0338%4h$448K$126K75xas long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo PYTH-PERP−0.056%+0.0104%1h$23K—3xas long as short
Orderly PERP_PYTH_USDC_mythos−0.032%+0.0100%4h$3K$79810xas long as short
dYdX PYTH-USD−0.026%0.0000%1h$195K$195xas long as short
Gate PYTH_USDTlong0.000%+0.0100%4h$1.2M$454K75x
Hyperliquid PYTH+0.014%+0.0100%1h$1.8M$1.4M5xas long as short
KuCoin PYTHUSDTM+0.015%+0.0100%4h$1.6M$385K50xas long as short
Bitget PYTHUSDT+0.015%+0.0100%4h$2.8M$1.8M75xas long as short
Backpack PYTH_USDC_PERP+0.027%+0.0161%1h$29K$80K10xas long as short
Deribit PYTH_USDC-PERPETUAL+0.030%−0.0509%1h$11K$10K10xas long as short
Lighter PYTH+0.046%+0.0096%1h$201K$191K5xas long as short
Coinbase International PYTH-PERP-INTX+0.046%+0.0056%1h$41K$11K25xas long as short
Kraken Futures PF_PYTHUSD+0.073%+0.0267%1h$405K$219K25xas long as short
Aster PYTHUSDT+0.849%+0.0100%4h$24K$31K10xas long as short