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

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin−0.112%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$682as in the Funding arb table
Net, price: spread back to 7d avg − costs−$691as in the Price arb table
costs, in and out, $10k−$6826.823% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days+0.164%+$16 · spread now −0.112%, 7d avg −0.028%
Together, before fees+0.163%+$16 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: OKX is 0.084% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PYTHUSDTM0.062540.0100pay 0.0050% / 4h1h 51m$1.5M$354K50x
ShortOKX PYTH-USDT-SWAP0.062470.0100get 0.0050% / 4h1h 51m$2.1M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.112% → −0.028%
−$8.44
Slippage, 4 orders
−$660.32
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$690.76
Costs to cover
6.823%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago7.19 bp351.2 bp −$351819.9 bp −$8,199doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.60 bp17.5 bp −$1781.2 bp −$812doesn't fitdoesn't fit

PYTH on 23 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PYTH-USD0.0000%1h0.06250−0.057%$186K$135xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06251−0.048%$10K10xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260+0.096%$553$220K5.5xas long as short
Lighter PYTH+0.0096%1h0.06253−0.016%$193K$185K5xas long as short
MEXC PYTH_USDT+0.0098%4h0.06247−0.112%$11.1M$2.8M125xas long as short
Binance PYTHUSDT+0.0098%4h0.06246−0.128%$8.9M$18.5M75xas long as short
BloFin PYTH-USDT+0.0099%4h0.06253−0.016%$425K$72K75xas long as short
Paradex PYTH-USD-PERP+0.0100%8h0.06242−0.196%$3K10xas long as short
Hyperliquid PYTH+0.0100%1h0.06256+0.034%$2.1M$1.9M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06250−0.064%$19K$46K10xas long as short
Show all 23 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PYTHUSDT+0.0100%4h0.06247−0.112%$7.5M$4.4M50xas long as short
OKX PYTH-USDT-SWAPshort+0.0100%4h0.06247−0.112%$2.1M$3.4M50x
Gate PYTH_USDT+0.0100%4h0.06245−0.144%$1.0M$447K75xas long as short
KuCoin PYTHUSDTMlong+0.0100%4h0.06254long leg$1.5M$354K50x
Bitget PYTHUSDT+0.0100%4h0.06251−0.048%$2.6M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06245−0.144%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06262+0.134%$39K$24Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06245−0.149%$2K$2K10xas long as short
Aevo PYTH-PERP+0.0104%1h0.06250−0.064%$22K3xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06248−0.088%20xas long as short
Kraken Futures PF_PYTHUSD+0.0382%1h0.06258+0.069%$379K$246K25xas long as short
Backpack PYTH_USDC_PERP+0.0569%1h0.06258+0.066%$35K$53K10xas long as short
Coinbase International PYTH-PERP-INTX+0.0640%1h0.06330+1.215%$39K$20K25xas long as short