Funding you earn now, next payment 09:00 UTC−0.0468%/8h= −51.2% APRnext payment −$0.58 per $10,000 · paid last 24h −0.051%
Price spread now: dYdX against Kraken Futures+0.005%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1491.493% of the position
Funding, last 7 days−0.688%−$69 on $10k
+Price spread, last 4 days (all we have)+0.316%+$32 · spread now +0.005%, 7d avg −0.041%
=The price spread pays, funding is against you. dYdX is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.041%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PYTHUSD | 0.06289 | 0.0469 | pay 0.0059% / 1h | 32m 26s | $381K | $299K | 25x |
| Short | dYdX PYTH-USD | 0.06289 | 0.0001 | get 0.0000% / 1h | 32m 26s | $187K | $10 | 5x |
Kraken Futures PF_PYTHUSD
dYdX PYTH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kraken Futures. 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
- −$98.27
- Price spread: +0.005% → −0.041%
- $4.56
- Slippage, 4 orders
- −$129.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$242.97
- Costs to cover
- 1.493%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, just now; dYdX: live order book, 2 min ago.
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 Kraken Futures live order book, just now | 17.50 bp | 25.6 bp −$26 | 657.1 bp −$6,571 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 2 min ago | 30.91 bp | 56.5 bp −$57 | 146.1 bp −$1,461 | 173.1 bp −$17.3K | 450.8 bp −$225.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06290 | +0.021% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USDshort | +0.0001% | 1h | 0.06289 | +0.005% | $187K | $10 | 5x | |
| Backpack PYTH_USDC_PERP | +0.0029% | 1h | 0.06295 | +0.095% | $35K | $60K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.456% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0077% | 4h | 0.06292 | +0.053% | $430K | $72K | 75x | as long as short |
| Gate PYTH_USDT | +0.0090% | 4h | 0.06274 | −0.234% | $1.0M | $509K | 75x | as long as short |
| Binance PYTHUSDT | +0.0095% | 4h | 0.06271 | −0.281% | $9.0M | $19.8M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06292 | +0.053% | $194K | $214K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06276 | −0.200% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06282 | −0.105% | $2.2M | $1.9M | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Gate PYTH_USDT
Binance PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06287 | −0.028% | $21K | $47K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06275 | −0.218% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06274 | −0.234% | $2.1M | $3.5M | 50x | as long as short |
| MEXC PYTH_USDT | +0.0100% | 4h | 0.06270 | −0.297% | $10.6M | $2.8M | 125x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06288 | −0.011% | $1.5M | $370K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06271 | −0.281% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06276 | −0.202% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06301 | +0.203% | $40K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06277 | −0.192% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06281 | −0.116% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06270 | −0.298% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDlong | +0.0469% | 1h | 0.06289 | long leg | $381K | $299K | 25x | |
| Coinbase International PYTH-PERP-INTX | +0.0536% | 1h | 0.06427 | +2.199% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
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
Coinbase International PYTH-PERP-INTX