Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.029%
Price spread now: dYdX against Hyperliquid−0.081%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$300as in the Funding arb table
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2792.793% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.081%, 7d avg +0.042%
=Together, before fees−0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.123% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PYTH | 0.06332 | 0.0100 | pay 0.0013% / 1h | 4m 05s | $1.8M | $1.6M | 5x |
| Short | dYdX PYTH-USD | 0.06327 | 0 | get 0.0000% / 1h | 4m 05s | $188K | $19 | 5x |
Hyperliquid PYTH
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Hyperliquid. 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
- −$21
- Price spread: −0.081% → +0.042%
- −$12.28
- Slippage, 4 orders
- −$260.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$312.58
- Costs to cover
- 2.793%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; dYdX: live order book, 10 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 Hyperliquid live order book, 7 min ago | 4.19 bp | 18.3 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 10 min ago | 113.82 bp | 118.8 bp −$119 | 253.2 bp −$2,532 | 459.0 bp −$45.9K | 1161.2 bp −$580.6K |
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_PYTHUSD | −0.0399% | 1h | 0.06328 | −0.062% | $377K | $264K | 25x | as long as short |
| MEXC PYTH_USDT | −0.0196% | 4h | 0.06323 | −0.142% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0196% | 4h | 0.06343 | +0.176% | $9.1M | $17.2M | 75x | as long as short |
| BloFin PYTH-USDT | −0.0189% | 4h | 0.06312 | −0.316% | $420K | $114K | 75x | as long as short |
| Aster PYTHUSDT | −0.0023% | 4h | 0.06329 | −0.043% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USDshort | 0.0000% | 1h | 0.06327 | −0.081% | $188K | $19 | 5x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06330 | −0.032% | $10K | $10K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06325 | −0.106% | $23K | — | 3x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.137% | $553 | $220K | 5.5x | as long as short |
| Bybit PYTHUSDT | +0.0034% | 4h | 0.06347 | +0.237% | $7.5M | $4.8M | 50x | as long as short |
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Aster PYTHUSDT
Deribit PYTH_USDC-PERPETUAL
Aevo PYTH-PERP
Injective PYTH/USDC PERP
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | +0.0046% | 4h | 0.06319 | −0.205% | $1.1M | $477K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06332 | 0.000% | $201K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06317 | −0.229% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHlong | +0.0100% | 1h | 0.06332 | long leg | $1.8M | $1.6M | 5x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06348 | +0.253% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06327 | −0.079% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | +0.221% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06325 | −0.111% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06312 | −0.321% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06325 | −0.112% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06324 | −0.126% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06326 | −0.101% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0502% | 1h | 0.06332 | 0.000% | $36K | $89K | 10x | as long as short |
Gate PYTH_USDT
Lighter PYTH
Paradex PYTH-USD-PERP
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
Backpack PYTH_USDC_PERP