Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.049%
Price spread now: Injective against KuCoin−1.789%115s7-day average −0.260% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+1.556%+$156 · spread now −1.789%, 7d avg −0.260%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.529% cheaper against KuCoin than usual: you would sell low and buy high (−$153 if the spread goes back to its 7-day average of −0.260%). Swap the legs. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06374 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $1.5M | $342K | 50x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 11m 25s | $553 | $220K | 5.5x |
KuCoin PYTHUSDTM
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −1.789% → −0.260%
- −$152.86
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$178.88
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; Injective: 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, 4 min ago | 8.63 bp | 131.2 bp −$131 | 867.6 bp −$8,676 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0328% | 1h | 0.06365 | −0.138% | $39K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0186% | 4h | 0.06377 | +0.047% | $1.0M | $503K | 75x | as long as short |
| BloFin PYTH-USDT | −0.0018% | 4h | 0.06373 | −0.016% | $355K | $87K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06379 | +0.074% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06361 | −0.204% | $10K | $10K | 10x | as long as short |
| Binance PYTHUSDT | +0.0008% | 4h | 0.06385 | +0.173% | $9.2M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0008% | 4h | 0.06385 | +0.173% | $9.5M | $2.5M | 125x | as long as short |
| Aster PYTHUSDT | +0.0020% | 4h | 0.06374 | +0.001% | $20K | $46K | 10x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −1.789% | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06360 | −0.217% | $23K | — | 3x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
BloFin PYTH-USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06380 | +0.094% | $191K | $205K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06364 | −0.163% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06383 | +0.144% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06387 | +0.204% | $7.6M | $4.7M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06388 | +0.220% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06374 | long leg | $1.5M | $342K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06375 | +0.016% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06385 | +0.173% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06392 | +0.279% | $39K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06388 | +0.223% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06385 | +0.173% | $40K | $18K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0301% | 1h | 0.06364 | −0.164% | $388K | $291K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06372 | −0.037% | — | — | 20x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP