Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin−0.032%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$518as in the Funding arb table
Net, price: spread back to 7d avg − costs−$516as in the Price arb table
costs, in and out, $10k−$5185.178% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.032%+$3 · spread now −0.032%, 7d avg −0.050%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PYTHUSDTM0.062920.0100pay 0.0050% / 4h1h 33m$1.5M$361K50x
ShortBitget PYTHUSDT0.062900.0100get 0.0050% / 4h1h 33m$2.6M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.032% → −0.050%
$1.81
Slippage, 4 orders
−$493.76
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$515.95
Costs to cover
5.178%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago11.14 bp170.1 bp −$170928.7 bp −$9,287doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.96 bp23.4 bp −$2341.2 bp −$412doesn't fitdoesn't fit

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack PYTH_USDC_PERP−0.0124%1h0.06287−0.075%$35K$66K10xas long as short
BloFin PYTH-USDT−0.0025%4h0.06275−0.270%$424K$76K75xas long as short
Gate PYTH_USDT+0.0010%4h0.06279−0.207%$1.0M$535K75xas long as short
MEXC PYTH_USDT+0.0012%4h0.06288−0.064%$10.4M$2.7M125xas long as short
dYdX PYTH-USD+0.0013%1h0.06280−0.192%$186K$195xas long as short
Binance PYTHUSDT+0.0013%4h0.06288−0.072%$8.9M$19.5M75xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.509%$553$220K5.5xas long as short
Deribit PYTH_USDC-PERPETUAL+0.0068%1h0.06293+0.016%$10K$10K10xas long as short
Aevo PYTH-PERP+0.0080%1h0.06288−0.072%$22K3xas long as short
Lighter PYTH+0.0096%1h0.06290−0.032%$193K$218K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERP+0.0100%8h0.06290−0.030%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06295+0.043%$2.2M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06283−0.142%$19K$46K10xas long as short
Bybit PYTHUSDT+0.0100%4h0.06290−0.032%$7.4M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.062920.000%$2.1M$3.6M50xas long as short
KuCoin PYTHUSDTMlong+0.0100%4h0.06292long leg$1.5M$361K50x
Bitget PYTHUSDTshort+0.0100%4h0.06290−0.032%$2.6M$2.2M75x
BingX PYTH-USDT+0.0100%4h0.06287−0.079%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06303+0.173%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06283−0.141%$2K$2K10xas long as short
Kraken Futures PF_PYTHUSD+0.0132%1h0.06293+0.012%$381K$314K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06289−0.055%20xas long as short
Coinbase International PYTH-PERP-INTX+0.0368%1h0.06427+2.146%$40K$19K25xas long as short