Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.025%
Price spread now: Binance against Injective+0.623%47s7-day average +0.189% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.623%, 7d avg +0.189%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.434% dearer against Injective than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.189%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | pay 0.0004% / 1h | 48m 33s | $553 | $220K | 5.5x |
| Short | Binance PYTHUSDT | 0.06299 | 0.0036 | get 0.0018% / 4h | 48m 33s | $9.0M | $17.9M | 75x |
Injective PYTH/USDC PERP
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $0.49
- Price spread: +0.623% → +0.189%
- $43.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $33.87
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 7 min ago | 0.79 bp | 15.9 bp −$16 | 46.0 bp −$460 | 277.3 bp −$27.7K | doesn't fit |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0389% | 1h | 0.06308 | +0.767% | $37K | $50K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0384% | 1h | 0.06307 | +0.751% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | −0.0202% | 4h | 0.06295 | +0.559% | $1.0M | $504K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0018% | 4h | 0.06331 | +1.134% | $351K | $84K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06314 | +0.860% | $187K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0032% | 4h | 0.06314 | +0.869% | $20K | $43K | 10x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Binance PYTHUSDTshort | +0.0036% | 4h | 0.06299 | +0.623% | $9.0M | $17.9M | 75x | |
| MEXC PYTH_USDT | +0.0038% | 4h | 0.06298 | +0.607% | $10.0M | $2.5M | 125x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06310 | +0.805% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Aster PYTHUSDT
MEXC PYTH_USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06308 | +0.767% | $190K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06292 | +0.509% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06310 | +0.807% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06301 | +0.655% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06306 | +0.735% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06313 | +0.847% | $1.5M | $344K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06310 | +0.799% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06299 | +0.623% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06323 | +1.005% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06306 | +0.735% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06385 | +1.997% | $40K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06300 | +0.638% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0415% | 1h | 0.06308 | +0.774% | $385K | $293K | 25x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
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
Kraken Futures PF_PYTHUSD