PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.007%

Price spread now: Coinbase International against Lighter−0.644%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.644% cheaper against Lighter than usual: you would sell low and buy high (spread −0.644% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$64 on $10k: about 27 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PYTH	0.06369	0.0096	pay 0.0012% / 1h	49m 12s	$201K	$217K	5x
Short	Coinbase International PYTH-PERP-INTX	0.06328	0.0176	get 0.0022% / 1h	49m 12s	$39K	$6K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.644%Rate

Funding earned: $16.8
Price spread: −0.644% → 0.000%: −$64.37
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.57
Costs to cover: 0.100%
Break-even: 31.0 days

Slippage unknown: Lighter: live order book, 11 min ago; Coinbase International: 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 Lighter live order book, 11 min ago	3.95 bp	25.0 bp −$25	110.4 bp −$1,104	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Kraken Futures PF_PYTHUSD	−0.0396%	1h	0.06363	−0.100%	$379K	$264K	25x	as long as short
Binance PYTHUSDT	−0.0086%	4h	0.06358	−0.173%	$9.1M	$17.1M	75x	as long as short
MEXC PYTH_USDT	−0.0080%	4h	0.06361	−0.126%	$9.6M	$2.3M	125x	as long as short
BloFin PYTH-USDT	−0.0067%	4h	0.06357	−0.188%	$420K	$116K	75x	as long as short
Deribit PYTH_USDC-PERPETUAL	−0.0064%	1h	0.06359	−0.157%	$10K	$10K	10x	as long as short
dYdX PYTH-USD	0.0000%	1h	0.06369	+0.002%	$189K	$19	5x	as long as short
Gate PYTH_USDT	+0.0006%	4h	0.06358	−0.173%	$1.1M	$474K	75x	as long as short
Bybit PYTHUSDT	+0.0013%	4h	0.06359	−0.157%	$7.5M	$4.8M	50x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.711%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06360	−0.141%	$23K	—	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PYTHUSDT	+0.0071%	4h	0.06360	−0.141%	$22K	$44K	10x	as long as short
Lighter PYTHlong	+0.0096%	1h	0.06369	long leg	$201K	$217K	5x
Paradex PYTH-USD-PERP	+0.0099%	8h	0.06359	−0.161%	$3K	$56	10x	as long as short
Hyperliquid PYTH	+0.0100%	1h	0.06369	+0.006%	$1.7M	$1.5M	5x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06359	−0.157%	$2.1M	$3.4M	50x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06366	−0.047%	$1.5M	$316K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06362	−0.110%	$2.6M	$2.0M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06361	−0.126%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06363	−0.091%	$44K	$23K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06362	−0.113%	$3K	$1K	10x	as long as short
Coinbase International PYTH-PERP-INTXshort	+0.0176%	1h	0.06328	−0.644%	$39K	$6K	25x
Reya PYTHRUSDPERP	+0.0302%	1h	0.06363	−0.095%	—	—	20x	as long as short
Backpack PYTH_USDC_PERP	+0.0590%	1h	0.06368	−0.014%	$36K	$89K	10x	as long as short