PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.010%

Price spread now: Binance against Hyperliquid−0.097%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$690.694% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.045%−$4 · spread now −0.097%, 7d avg −0.092%

Together, before fees−0.135%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PYTH	0.06361	0.0100	pay 0.0013% / 1h	57m 11s	$1.7M	$1.4M	5x
Short	Binance PYTHUSDT	0.06355	−0.0018	pay 0.0009% / 4h	2h 57m	$9.0M	$15.9M	75x

Funding history

latest

Range statsloading…

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now −0.097%Rate

Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 14 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 4 min ago	1.10 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.79 bp	15.2 bp −$15	41.4 bp −$414	198.5 bp −$19.9K	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
Injective PYTH/USDC PERP	−0.0586%	1h	0.06350	−0.171%	$561	$180K	5.5x	as long as short
Kraken Futures PF_PYTHUSD	−0.0215%	1h	0.06365	+0.060%	$385K	$230K	25x	as long as short
Gate PYTH_USDT	−0.0116%	4h	0.06354	−0.108%	$1.1M	$462K	75x	as long as short
Binance PYTHUSDTshort	−0.0018%	4h	0.06355	−0.097%	$9.0M	$15.9M	75x
MEXC PYTH_USDT	−0.0018%	4h	0.06355	−0.093%	$9.4M	$2.4M	125x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06362	+0.016%	$189K	$19	5x	as long as short
BloFin PYTH-USDT	+0.0034%	4h	0.06363	+0.033%	$421K	$123K	75x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0048%	1h	0.06431	+1.102%	$40K	$9K	25x	as long as short
Bybit PYTHUSDT	+0.0077%	4h	0.06356	−0.077%	$7.4M	$5.0M	50x	as long as short
Aevo PYTH-PERP	+0.0080%	1h	0.06355	−0.093%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PYTH	+0.0096%	1h	0.06365	+0.064%	$197K	$203K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0098%	8h	0.06349	−0.193%	$3K	$56	10x	as long as short
Hyperliquid PYTHlong	+0.0100%	1h	0.06361	long leg	$1.7M	$1.4M	5x
Aster PYTHUSDT	+0.0100%	4h	0.06363	+0.038%	$20K	$26K	10x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06353	−0.124%	$2.1M	$3.3M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06364	+0.049%	$1.5M	$319K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06365	+0.064%	$2.6M	$1.9M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06356	−0.077%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06369	+0.121%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06358	−0.052%	$3K	$1K	10x	as long as short
Backpack PYTH_USDC_PERP	+0.0281%	1h	0.06363	+0.033%	$38K	$90K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06355	−0.099%	—	—	20x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0536%	1h	0.06365	+0.064%	$10K	$10K	10x	as long as short