Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter−0.048%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.048%, 7d avg −0.120%
=Together, before fees−0.047%+ Points / potential airdropLighter: Season 3 · farm board−$5 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: Bitget is 0.073% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PYTH | 0.06309 | 0.0096 | pay 0.0012% / 1h | 38m 47s | $197K | $208K | 5x |
| Short | Bitget PYTHUSDT | 0.06306 | 0.0100 | get 0.0050% / 4h | 1h 38m | $2.6M | $2.0M | 75x |
Lighter PYTH
Bitget PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: −0.048% → −0.120%
- $7.26
- Slippage, 4 orders
- −$34.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$38.45
- Costs to cover
- 0.466%
- Break-even
- 327.4 days
Slippage from Lighter: live order book, 35 min ago; Bitget: live order book, 4 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 Lighter live order book, 35 min ago | 3.95 bp | 11.6 bp −$12 | 98.4 bp −$984 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.59 bp | 17.1 bp −$17 | 47.1 bp −$471 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.777% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06299 | −0.160% | $383K | $252K | 25x | as long as short |
| Bybit PYTHUSDT | −0.0042% | 4h | 0.06304 | −0.079% | $7.4M | $5.1M | 50x | as long as short |
| Gate PYTH_USDT | −0.0008% | 4h | 0.06304 | −0.079% | $1.1M | $478K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06313 | +0.064% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06311 | +0.032% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0016% | 4h | 0.06300 | −0.143% | $9.2M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | +0.0017% | 4h | 0.06300 | −0.145% | $9.1M | $17.0M | 75x | as long as short |
| BloFin PYTH-USDT | +0.0068% | 4h | 0.06297 | −0.190% | $420K | $115K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +1.934% | $40K | $6K | 25x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Bybit PYTHUSDT
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTXShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | +0.0087% | 1h | 0.06307 | −0.032% | $38K | $88K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06300 | −0.143% | $22K | — | 3x | as long as short |
| Lighter PYTHlong | +0.0096% | 1h | 0.06309 | long leg | $197K | $208K | 5x | |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06297 | −0.183% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06308 | −0.013% | $1.7M | $1.5M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06304 | −0.079% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06302 | −0.111% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06309 | 0.000% | $1.5M | $315K | 50x | as long as short |
| Bitget PYTHUSDTshort | +0.0100% | 4h | 0.06306 | −0.048% | $2.6M | $2.0M | 75x | |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06306 | −0.048% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06304 | −0.083% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06306 | −0.054% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06304 | −0.078% | — | — | 20x | as long as short |
Backpack PYTH_USDC_PERP
Aevo PYTH-PERP
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP