Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Hyperliquid−0.097%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.097% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PYTH0.063480.0100pay 0.0013% / 1h55m 17s$2.0M$1.7M5x
ShortVariational Omni PYTH0.063420.0100get 0.0050% / 4h2h 55m$38K$27K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: −0.097% → 0.000%
−$9.74
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$18.74
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 6 min ago3.83 bp15.1 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PYTHUSDT−0.0121%4h0.06347−0.011%$9.1M$17.8M75xas long as short
MEXC PYTH_USDT−0.0120%4h0.06349+0.020%$9.6M$2.4M125xas long as short
BloFin PYTH-USDT−0.0081%4h0.06339−0.137%$428K$112K75xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06505+2.478%$40K$18K25xas long as short
Aster PYTHUSDT−0.0019%4h0.06353+0.088%$20K$46K10xas long as short
dYdX PYTH-USD0.0000%1h0.06345−0.044%$188K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.382%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0048%1h0.06348+0.006%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06356+0.131%$190K$204K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06347−0.018%$3K10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid PYTHlong+0.0100%1h0.06348long leg$2.0M$1.7M5x
Bybit PYTHUSDT+0.0100%4h0.06350+0.036%$7.6M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06349+0.020%$2.1M$3.4M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06335−0.200%$1.0M$488K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06344−0.058%$1.5M$331K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06352+0.068%$2.7M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06345−0.043%$2.8Mas long as short
Variational Omni PYTHshort+0.0100%4h0.06342−0.097%$38K$27K
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06343−0.079%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06342−0.089%20xas long as short
Kraken Futures PF_PYTHUSD+0.0377%1h0.06355+0.121%$390K$291K25xas long as short
Backpack PYTH_USDC_PERP+0.0542%1h0.06344−0.055%$38K$93K10xas long as short
Deribit PYTH_USDC-PERPETUAL+0.1325%1h0.06361+0.210%$10K$10K10xas long as short