Funding you earn now, next payment 02:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h −0.009%
Price spread now: Deribit against KuCoin+0.062%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.062% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06402 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $1.5M | $335K | 50x |
| Short | Deribit PYTH_USDC-PERPETUAL | 0.06406 | 0.0531 | get 0.0066% / 1h | 43m 00s | $10K | $10K | 10x |
KuCoin PYTHUSDTM
Deribit PYTH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $90.54
- Price spread: +0.062% → 0.000%
- $6.25
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $77.79
- Costs to cover
- 0.190%
- Break-even
- 1.0 days
Slippage unknown: KuCoin: live order book, 8 min ago; Deribit: no order-book sample. 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 KuCoin live order book, 8 min ago | 9.38 bp | 130.7 bp −$131 | 681.0 bp −$6,810 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0143% | 4h | 0.06394 | −0.125% | $428K | $113K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0102% | 4h | 0.06393 | −0.141% | $9.7M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0100% | 4h | 0.06378 | −0.380% | $9.2M | $17.8M | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06418 | +0.250% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | 0.0000% | 4h | 0.06391 | −0.176% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06410 | +0.126% | $190K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −2.218% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06390 | −0.187% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06403 | +0.016% | $191K | $205K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06398 | −0.066% | $3K | — | 10x | as long as short |
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06391 | −0.177% | $2.0M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06380 | −0.344% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06368 | −0.531% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06384 | −0.281% | $1.1M | $493K | 75x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06402 | long leg | $1.5M | $335K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06388 | −0.219% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06390 | −0.187% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06395 | −0.109% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06393 | −0.137% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06392 | −0.156% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0375% | 1h | 0.06397 | −0.072% | $392K | $292K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUALshort | +0.0531% | 1h | 0.06406 | +0.062% | $10K | $10K | 10x | |
| Backpack PYTH_USDC_PERP | +0.0716% | 1h | 0.06396 | −0.092% | $38K | $93K | 10x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Backpack PYTH_USDC_PERP