Spread before costs (cost unknown: a leg has no order-book sample)−0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$2.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06424 | 0.0096 | pay 0.0012% / 1h | 41m 39s | $196K | $194K | 5x |
| Short | Backpack PYTH_USDC_PERP | 0.06423 | 0.0182 | get 0.0023% / 1h | 41m 39s | $36K | $86K | 10x |
Lighter PYTH
Backpack PYTH_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.56
- Funding while held
- $2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.96
- Spread needed to break even
- 0.100%
Slippage unknown: Lighter: live order book, 54 min ago; Backpack: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0086%
- Per $10,000 a day
- +$2.59
- Average in range /8h
- —
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 Lighter live order book, 54 min ago | 3.78 bp | 17.5 bp −$18 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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 price on every exchange
against the cheapest. Click to use as the short leg.Gate0.06410cheapestParadex0.06412+0.027%Bitget0.06412+0.031%BingX0.06412+0.031%Binance0.06413+0.053%MEXC0.06415+0.078%KuCoin0.06416+0.094%Hyperliquid0.06417+0.112%Reya0.06418+0.118%Orderly0.06419+0.137%OKX0.06419+0.140%Aevo0.06420+0.156%Bybit0.06421+0.172%Kraken Futures0.06422+0.182%Aster0.06422+0.190%
Gate
Paradex
Bitget
BingX
Binance
MEXC
KuCoin
Hyperliquid
Reya
Orderly
OKX
Aevo
Bybit
Kraken Futures
AsterBackpack0.06423+0.203%
Lighter0.06424+0.218%
BloFin0.06424+0.218%dYdX0.06425+0.239%Deribit0.06426+0.250%Variational Omni0.06461+0.791%Injective0.06525+1.794%Coinbase International0.06648+3.713%
BloFin
dYdX
Deribit
Variational Omni
Injective
Coinbase InternationalPYTH on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | −0.218% | +0.0040% | 4h | $1.1M | $457K | 75x | as long as short |
| Paradex PYTH-USD-PERP | −0.191% | +0.0096% | 8h | $3K | $56 | 10x | as long as short |
| Bitget PYTHUSDT | −0.187% | +0.0100% | 4h | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | −0.187% | +0.0100% | 4h | — | $2.9M | — | as long as short |
| Binance PYTHUSDT | −0.165% | +0.0100% | 4h | $9.3M | $15.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.140% | +0.0100% | 4h | $9.4M | $2.7M | 125x | as long as short |
| KuCoin PYTHUSDTM | −0.125% | +0.0100% | 4h | $1.5M | $374K | 50x | as long as short |
| Hyperliquid PYTH | −0.106% | +0.0100% | 1h | $1.7M | $1.5M | 5x | as long as short |
| Reya PYTHRUSDPERP | −0.100% | +0.0302% | 1h | — | — | 20x | as long as short |
| Orderly PERP_PYTH_USDC_mythos | −0.081% | +0.0100% | 4h | $3K | $1K | 10x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX PYTH-USDT-SWAP | −0.078% | +0.0100% | 4h | $2.1M | $3.5M | 50x | as long as short |
| Aevo PYTH-PERP | −0.062% | +0.0104% | 1h | $23K | — | 3x | as long as short |
| Bybit PYTHUSDT | −0.047% | +0.0100% | 4h | $7.8M | $4.4M | 50x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.036% | +0.0178% | 1h | $389K | $226K | 25x | as long as short |
| Aster PYTHUSDT | −0.028% | +0.0100% | 4h | $21K | $34K | 10x | as long as short |
| Backpack PYTH_USDC_PERPshort | −0.016% | +0.0182% | 1h | $36K | $86K | 10x | |
| Lighter PYTHlong | 0.000% | +0.0096% | 1h | $196K | $194K | 5x | |
| BloFin PYTH-USDT | 0.000% | +0.0066% | 4h | $441K | $142K | 75x | as long as short |
| dYdX PYTH-USD | +0.021% | 0.0000% | 1h | $191K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.031% | +0.0529% | 1h | $10K | $10K | 10x | as long as short |
| Variational Omni PYTH | +0.572% | +0.0100% | 4h | $46K | $14K | — | as long as short |
| Injective PYTH/USDC PERP | +1.572% | +0.0033% | 1h | $577 | $46K | 5.5x | as long as short |
| Coinbase International PYTH-PERP-INTX | +3.487% | +0.0304% | 1h | $41K | $10K | 25x | as long as short |