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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.041%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$525as in the Funding arb table
Net, price: spread back to 7d avg − costs−$524as in the Price arb table
costs, in and out, $10k−$5255.252% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.108%+$11 · spread now +0.041%, 7d avg +0.027%
Together, before fees+0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PYTHUSDTM0.063050.0100pay 0.0050% / 4h3h 58m$1.5M$371K50x
ShortHyperliquid PYTH0.063080.0100get 0.0013% / 1h58m 56s$2.2M$1.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.041% → +0.027%
$1.43
Slippage, 4 orders
−$504.17
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$523.73
Costs to cover
5.252%
Break-even
never at this rate
Slippage from KuCoin: live order book, 7 min ago; Hyperliquid: live order book, 2 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, 7 min ago8.71 bp302.7 bp −$303804.3 bp −$8,043doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago3.48 bp18.3 bp −$18doesn't fitdoesn'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−0.0047%1h0.06308+0.054%$35K$61K10xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06300−0.079%$10K$10K10xas long as short
dYdX PYTH-USD+0.0013%1h0.06310+0.075%$187K$195xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.714%$553$220K5.5xas long as short
BloFin PYTH-USDT+0.0045%4h0.06304−0.016%$428K$72K75xas long as short
Lighter PYTH+0.0096%1h0.06309+0.063%$195K$213K5xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06299−0.098%$3K10xas long as short
Hyperliquid PYTHshort+0.0100%1h0.06308+0.041%$2.2M$1.9M5x
Aster PYTHUSDT+0.0100%4h0.06300−0.084%$21K$47K10xas long as short
Binance PYTHUSDT+0.0100%4h0.06306+0.016%$9.1M$19.9M75xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDT+0.0100%4h0.06310+0.079%$7.5M$5.0M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06313+0.127%$2.1M$3.6M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06298−0.111%$1.0M$508K75xas long as short
MEXC PYTH_USDT+0.0100%4h0.06299−0.095%$10.5M$2.7M125xas long as short
KuCoin PYTHUSDTMlong+0.0100%4h0.06305long leg$1.5M$371K50x
Bitget PYTHUSDT+0.0100%4h0.063050.000%$2.7M$2.3M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06303−0.032%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06304−0.013%$40K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06300−0.079%$2K$2K10xas long as short
Aevo PYTH-PERP+0.0104%1h0.06300−0.079%$22K3xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06299−0.089%20xas long as short
Kraken Futures PF_PYTHUSD+0.0467%1h0.06306+0.013%$382K$304K25xas long as short
Coinbase International PYTH-PERP-INTX+0.0536%1h0.06427+1.935%$40K$19K25xas long as short