Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin0.000%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$667as in the Funding arb table
Net, price: spread back to 7d avg − costs−$672as in the Price arb table
costs, in and out, $10k−$6666.663% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now 0.000%, 7d avg +0.052%
=Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06253 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $1.5M | $354K | 50x |
| Short | Lighter PYTH | 0.06253 | 0.0096 | get 0.0012% / 1h | 51m 30s | $193K | $185K | 5x |
KuCoin PYTHUSDTM
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: 0.000% → +0.052%
- −$5.24
- Slippage, 4 orders
- −$654.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$672.35
- Costs to cover
- 6.663%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 54 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, 2 min ago | 7.19 bp | 351.2 bp −$351 | 819.9 bp −$8,199 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 54 min ago | 3.99 bp | 8.0 bp −$8 | 71.2 bp −$712 | doesn't fit | doesn't fit |
PYTH on 23 exchanges
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 | 0.06250 | −0.041% | $186K | $13 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06250 | −0.048% | $10K | — | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | +0.112% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06253 | 0.000% | $193K | $185K | 5x | |
| MEXC PYTH_USDT | +0.0098% | 4h | 0.06245 | −0.128% | $11.1M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0098% | 4h | 0.06244 | −0.138% | $8.9M | $18.5M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0099% | 4h | 0.06253 | 0.000% | $425K | $72K | 75x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06242 | −0.180% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06256 | +0.050% | $2.1M | $1.9M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06250 | −0.048% | $19K | $46K | 10x | as long as short |
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06246 | −0.112% | $7.5M | $4.4M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06246 | −0.112% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06245 | −0.128% | $1.0M | $447K | 75x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06253 | long leg | $1.5M | $354K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06251 | −0.032% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06246 | −0.112% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06262 | +0.150% | $39K | $24K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06246 | −0.109% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06250 | −0.048% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06245 | −0.132% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0382% | 1h | 0.06256 | +0.054% | $379K | $246K | 25x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0569% | 1h | 0.06258 | +0.082% | $35K | $53K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0640% | 1h | 0.06330 | +1.231% | $39K | $20K | 25x | as long as short |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Backpack PYTH_USDC_PERP
Coinbase International PYTH-PERP-INTX