Funding you earn now, next payment 09:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.044%
Price spread now: BloFin against Injective+0.495%7-day average +0.276% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)−0.515%−$51 · spread now +0.495%, 7d avg +0.276%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.219% dearer against Injective than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.276%.
| 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 | 50m 54s | $553 | $220K | 5.5x |
| Short | BloFin PYTH-USDT | 0.06291 | 0.0140 | get 0.0070% / 4h | 3h 50m | $428K | $72K | 75x |
Injective PYTH/USDC PERP
BloFin PYTH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $22.42
- Price spread: +0.495% → +0.276%
- $21.87
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $32.27
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 25 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 BloFin live order book, 25 min ago | 1.59 bp | 13.6 bp −$14 | 31.4 bp −$314 | 98.3 bp −$9,828 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | +0.0003% | 1h | 0.06306 | +0.734% | $187K | $19 | 5x | as long as short |
| Gate PYTH_USDT | +0.0022% | 4h | 0.06300 | +0.639% | $1.0M | $508K | 75x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Deribit PYTH_USDC-PERPETUAL | +0.0067% | 1h | 0.06313 | +0.847% | $10K | $10K | 10x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06317 | +0.911% | $195K | $214K | 5x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0099% | 1h | 0.06315 | +0.874% | $35K | $61K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06294 | +0.536% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06313 | +0.848% | $2.2M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06304 | +0.701% | $21K | $47K | 10x | as long as short |
| Binance PYTHUSDT | +0.0100% | 4h | 0.06304 | +0.704% | $9.1M | $19.9M | 75x | as long as short |
dYdX PYTH-USD
Gate PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
Lighter PYTH
Backpack PYTH_USDC_PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Binance PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06304 | +0.703% | $7.5M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06308 | +0.767% | $2.1M | $3.6M | 50x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06305 | +0.719% | $10.5M | $2.7M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06307 | +0.751% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06306 | +0.735% | $2.7M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06306 | +0.735% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06302 | +0.670% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06306 | +0.743% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06306 | +0.736% | $23K | — | 3x | as long as short |
| BloFin PYTH-USDTshort | +0.0140% | 4h | 0.06291 | +0.495% | $428K | $72K | 75x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06308 | +0.767% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0467% | 1h | 0.06313 | +0.854% | $383K | $303K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0536% | 1h | 0.06427 | +2.668% | $40K | $19K | 25x | as long as short |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
MEXC PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX