Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.049%
Price spread now: KuCoin against Injective+1.709%85s7-day average +0.260% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−1.477%−$148 · spread now +1.709%, 7d avg +0.260%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 1.449% dearer against Injective than usual: you sell high and buy low: +$145 more if the spread goes back to its 7-day average of +0.260%. The two prices were read 85 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 | 12m 03s | $553 | $220K | 5.5x |
| Short | KuCoin PYTHUSDTM | 0.06367 | 0.0100 | get 0.0050% / 4h | 1h 12m | $1.5M | $342K | 50x |
Injective PYTH/USDC PERP
KuCoin PYTHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14
- Price spread: +1.709% → +0.260%
- $144.94
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $146.92
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 8.63 bp | 70.4 bp −$70 | 678.9 bp −$6,789 | doesn't fit | 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 | −0.0328% | 1h | 0.06365 | +1.681% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0194% | 4h | 0.06358 | +1.565% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0018% | 4h | 0.06373 | +1.805% | $355K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06373 | +1.801% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06361 | +1.613% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0008% | 4h | 0.06359 | +1.581% | $9.5M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0010% | 4h | 0.06359 | +1.581% | $9.1M | $17.8M | 75x | as long as short |
| Aster PYTHUSDT | +0.0024% | 4h | 0.06362 | +1.626% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06360 | +1.601% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
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 | 0.06368 | +1.725% | $191K | $205K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06358 | +1.572% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06366 | +1.690% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06360 | +1.597% | $7.5M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06364 | +1.661% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06367 | +1.709% | $1.5M | $342K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06362 | +1.629% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06359 | +1.581% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | +2.105% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06364 | +1.665% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06385 | +1.997% | $40K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06364 | +1.654% | $388K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06359 | +1.575% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP