Funding you earn now, next payment 07:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.048%
Price spread now: Lighter against Injective+0.304%7-day average +0.390% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.304%, 7d avg +0.390%
=Together, before fees+0.265%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.086% cheaper against Injective than usual: you would sell low and buy high (spread +0.304% now, against its 7-day average of +0.390%). If the spread goes back, that is −$9 on $10k: about 4.6 days of funding at the current rate (+$2 a day).
| 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 | 34m 35s | $553 | $220K | 5.5x |
| Short | Lighter PYTH | 0.06279 | 0.0096 | get 0.0012% / 1h | 34m 35s | $192K | $218K | 5x |
Injective PYTH/USDC PERP
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $13.16
- Price spread: +0.304% → +0.390%
- −$8.62
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.52
- Costs to cover
- 0.000%
- Break-even
- 4.6 days
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 55 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 Lighter live order book, 55 min ago | 0.80 bp | 13.3 bp −$13 | 78.4 bp −$784 | 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 | −0.0122% | 1h | 0.06290 | +0.481% | $35K | $65K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06291 | +0.495% | $10K | $10K | 10x | as long as short |
| Gate PYTH_USDT | +0.0004% | 4h | 0.06267 | +0.112% | $1.0M | $535K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0010% | 4h | 0.06273 | +0.208% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0013% | 4h | 0.06274 | +0.216% | $8.9M | $19.5M | 75x | as long as short |
| dYdX PYTH-USD | +0.0013% | 1h | 0.06274 | +0.223% | $186K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERPlong | +0.0033% | 1h | 0.06260 | long leg | $553 | $220K | 5.5x | |
| BloFin PYTH-USDT | +0.0049% | 4h | 0.06284 | +0.383% | $424K | $76K | 75x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06287 | +0.431% | $22K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06279 | +0.304% | $192K | $218K | 5x |
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
Gate PYTH_USDT
MEXC PYTH_USDT
Binance PYTHUSDT
dYdX PYTH-USD
BloFin PYTH-USDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06269 | +0.145% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06279 | +0.300% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06270 | +0.166% | $19K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06276 | +0.256% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06276 | +0.256% | $2.1M | $3.6M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06275 | +0.240% | $1.5M | $353K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06276 | +0.256% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06273 | +0.208% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06303 | +0.685% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06284 | +0.377% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0132% | 1h | 0.06292 | +0.508% | $382K | $292K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06286 | +0.415% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +2.668% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX