data as of
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Price arb /

PYTH

all PYTH markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$313
spread now−0.046%7d average−0.094%fees + slippage, in and out−$318spread needed3.180%
Long on Kraken FuturesShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PYTHUSD0.065310.0269pay 0.0034% / 1h51m 27s$405K$212K25x
ShortKuCoin PYTHUSDTM0.065280.0100get 0.0050% / 4h51m 27s$1.6M$391K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$4.63
Funding while held
−$5.07
Slippage, 4 orders
−$296.03
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$327.73
Spread needed to break even
3.180%
Slippage from Kraken Futures: live order book, 63 min ago; KuCoin: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.0169%
Per $10,000 a day
−$5.07
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 63 min ago30.49 bp45.3 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago9.22 bp99.0 bp −$99655.1 bp −$6,551doesn't fitdoesn't fit

PYTH price on every exchange

against the cheapest. Click to use as the short leg.
BloFin0.06495cheapestAevo0.06520+0.385%Injective0.06525+0.462%Paradex0.06527+0.491%Variational Omni0.06528+0.508%
KuCoin0.06528+0.508%
Aster0.06531+0.549%
Kraken Futures0.06531+0.555%
Lighter0.06532+0.570%Backpack0.06533+0.588%Deribit0.06534+0.600%dYdX0.06534+0.603%Reya0.06536+0.634%Bitget0.06537+0.647%Gate0.06540+0.693%Coinbase International0.06541+0.708%Hyperliquid0.06541+0.711%MEXC0.06544+0.754%OKX0.06550+0.847%Binance0.06551+0.862%Bybit0.06551+0.862%Orderly0.06551+0.864%BingX0.06553+0.893%

PYTH on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin PYTH-USDT−0.552%+0.0337%4h$444K$124K75xas long as short
Aevo PYTH-PERP−0.169%+0.0104%1h$23K—3xas long as short
Injective PYTH/USDC PERP−0.092%−0.0184%1h$577$80K5.5xas long as short
Paradex PYTH-USD-PERP−0.063%+0.0098%8h$3K$5610xas long as short
Variational Omni PYTH−0.046%+0.0100%4h$46K$17K—as long as short
KuCoin PYTHUSDTMshort−0.046%+0.0100%4h$1.6M$391K50x
Aster PYTHUSDT−0.006%+0.0100%4h$24K$29K10xas long as short
Kraken Futures PF_PYTHUSDlong0.000%+0.0269%1h$405K$212K25x
Lighter PYTH+0.015%+0.0096%1h$200K$186K5xas long as short
Backpack PYTH_USDC_PERP+0.033%+0.0191%1h$28K$81K10xas long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit PYTH_USDC-PERPETUAL+0.046%+0.0209%1h$11K$10K10xas long as short
dYdX PYTH-USD+0.048%0.0000%1h$194K$195xas long as short
Reya PYTHRUSDPERP+0.079%+0.0302%1h——20xas long as short
Bitget PYTHUSDT+0.092%+0.0100%4h$2.6M$1.7M75xas long as short
Gate PYTH_USDT+0.137%+0.0100%4h$1.2M$435K75xas long as short
Coinbase International PYTH-PERP-INTX+0.153%+0.0056%1h$41K$11K25xas long as short
Hyperliquid PYTH+0.156%+0.0100%1h$1.8M$1.3M5xas long as short
MEXC PYTH_USDT+0.199%+0.0094%4h$9.6M$2.8M125xas long as short
OKX PYTH-USDT-SWAP+0.291%+0.0100%4h$2.1M$3.3M50xas long as short
Binance PYTHUSDT+0.306%+0.0095%4h$9.4M$14.4M75xas long as short
Bybit PYTHUSDT+0.306%+0.0100%4h$8.0M$4.5M50xas long as short
Orderly PERP_PYTH_USDC_mythos+0.307%+0.0100%4h$3K$79810xas long as short
BingX PYTH-USDT+0.337%+0.0100%4h—$2.8M—as long as short