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−$52
spread now+0.098%7d average+0.046%fees + slippage, in and out−$57spread needed0.574%
Long on HyperliquidShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PYTH0.064200.0100pay 0.0013% / 1h42m 20s$1.7M$1.5M5x
ShortLighter PYTH0.064260.0096get 0.0012% / 1h42m 20s$196K$194K5x

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
$9.81
Funding while held
−$0.12
Slippage, 4 orders
−$48.35
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$47.66
Spread needed to break even
0.574%
Slippage from Hyperliquid: live order book, 10 min ago; Lighter: live order book, 53 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
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 Hyperliquid live order book, 10 min ago1.77 bp13.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 53 min ago3.78 bp5.2 bp −$571.8 bp −$718doesn't fitdoesn't fit

PYTH price on every exchange

against the cheapest. Click to use as the short leg.
Binance0.06411cheapestMEXC0.06411cheapestGate0.06412+0.016%Bitget0.06413+0.031%OKX0.06416+0.078%Paradex0.06416+0.080%Reya0.06418+0.102%Orderly0.06419+0.122%BingX0.06419+0.125%
Hyperliquid0.06420+0.136%
KuCoin0.06420+0.140%Aevo0.06420+0.140%Bybit0.06421+0.156%Kraken Futures0.06422+0.167%BloFin0.06424+0.203%
Lighter0.06426+0.234%
Deribit0.06426+0.234%Backpack0.06429+0.279%dYdX0.06431+0.315%Aster0.06431+0.315%Variational Omni0.06461+0.776%Injective0.06525+1.778%Coinbase International0.06648+3.697%

PYTH on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance PYTHUSDT−0.136%+0.0100%4h$9.3M$15.8M75xas long as short
MEXC PYTH_USDT−0.136%+0.0100%4h$9.4M$2.7M125xas long as short
Gate PYTH_USDT−0.120%+0.0050%4h$1.1M$457K75xas long as short
Bitget PYTHUSDT−0.104%+0.0100%4h$2.6M$2.2M75xas long as short
OKX PYTH-USDT-SWAP−0.058%+0.0100%4h$2.1M$3.5M50xas long as short
Paradex PYTH-USD-PERP−0.056%+0.0096%8h$3K$5610xas long as short
Reya PYTHRUSDPERP−0.033%+0.0302%1h——20xas long as short
Orderly PERP_PYTH_USDC_mythos−0.014%+0.0100%4h$3K$1K10xas long as short
BingX PYTH-USDT−0.011%+0.0100%4h—$2.9M—as long as short
Hyperliquid PYTHlong0.000%+0.0100%1h$1.7M$1.5M5x
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin PYTHUSDTM+0.005%+0.0100%4h$1.5M$374K50xas long as short
Aevo PYTH-PERP+0.005%+0.0104%1h$23K—3xas long as short
Bybit PYTHUSDT+0.020%+0.0100%4h$7.8M$4.4M50xas long as short
Kraken Futures PF_PYTHUSD+0.031%+0.0178%1h$389K$226K25xas long as short
BloFin PYTH-USDT+0.067%+0.0066%4h$441K$142K75xas long as short
Lighter PYTHshort+0.098%+0.0096%1h$196K$194K5x
Deribit PYTH_USDC-PERPETUAL+0.098%+0.0529%1h$10K$10K10xas long as short
Backpack PYTH_USDC_PERP+0.143%+0.0208%1h$36K$86K10xas long as short
dYdX PYTH-USD+0.179%0.0000%1h$191K$195xas long as short
Aster PYTHUSDT+0.179%+0.0100%4h$21K$34K10xas long as short
Variational Omni PYTH+0.639%+0.0100%4h$46K$14K—as long as short
Injective PYTH/USDC PERP+1.640%+0.0033%1h$577$46K5.5xas long as short
Coinbase International PYTH-PERP-INTX+3.556%+0.0304%1h$41K$10K25xas long as short