Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Bybit against KuCoin−0.062%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$468as in the Funding arb table
Net, price: spread back to 7d avg − costs−$466as in the Price arb table
costs, in and out, $10k−$4624.622% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.062%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.040% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06435 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $1.5M | $349K | 50x |
| Short | Bybit PYTHUSDT | 0.06431 | 0.0100 | get 0.0050% / 4h | 3h 50m | $7.6M | $4.8M | 50x |
KuCoin PYTHUSDTM
Bybit PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $0
- Price spread: −0.062% → −0.023%
- −$3.95
- Slippage, 4 orders
- −$439.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$466.18
- Costs to cover
- 4.622%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 3 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 KuCoin live order book, 6 min ago | 9.34 bp | 212.3 bp −$212 | 955.6 bp −$9,556 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.11 bp | 35.0 bp −$35 | 94.2 bp −$942 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | 0.0000% | 1h | 0.06445 | +0.154% | $191K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06430 | −0.078% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0008% | 4h | 0.06435 | 0.000% | $432K | $80K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.720% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0058% | 4h | 0.06429 | −0.093% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0065% | 4h | 0.06429 | −0.093% | $9.2M | $18.3M | 75x | as long as short |
| Aster PYTHUSDT | +0.0080% | 4h | 0.06428 | −0.116% | $20K | $45K | 10x | as long as short |
| Gate PYTH_USDT | +0.0092% | 4h | 0.06423 | −0.186% | $1.1M | $517K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06440 | +0.078% | $193K | $207K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06430 | −0.078% | $23K | — | 3x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Gate PYTH_USDT
Lighter PYTH
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 | 0.06428 | −0.110% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06439 | +0.067% | $2.3M | $1.8M | 5x | as long as short |
| Bybit PYTHUSDTshort | +0.0100% | 4h | 0.06431 | −0.062% | $7.6M | $4.8M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06431 | −0.062% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06435 | long leg | $1.5M | $349K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06433 | −0.031% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06427 | −0.124% | — | $2.7M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06437 | +0.033% | $36K | $61K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06439 | +0.068% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06428 | −0.106% | $2K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +0.901% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0295% | 1h | 0.06438 | +0.050% | $397K | $296K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06427 | −0.125% | — | — | 20x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP