PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h +0.013%

Price spread now: BloFin against MEXC−0.032%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.393% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.032%, 7d avg −0.034%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PYTH_USDT	0.06315	0.0050	pay 0.0025% / 4h	1h 05m	$10.4M	$2.7M	125x
Short	BloFin PYTH-USDT	0.06313	0.0024	get 0.0012% / 4h	1h 05m	$423K	$72K	75x

Funding history

latest

Range statsloading…

BloFin against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee MEXCbpFee BloFinbpOrdersPrice spread, now −0.032%Rate

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 16 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.79 bp	4.9 bp −$5	10.8 bp −$108	82.2 bp −$8,223	178.3 bp −$89.1K
Sell BloFin live order book, 16 min ago	6.32 bp	16.8 bp −$17	31.2 bp −$312	78.6 bp −$7,860	doesn't fit

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
Backpack PYTH_USDC_PERP	−0.0001%	1h	0.06322	+0.106%	$35K	$67K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	0.0000%	1h	0.06322	+0.111%	$10K	$10K	10x	as long as short
dYdX PYTH-USD	+0.0021%	1h	0.06324	+0.139%	$188K	$19	5x	as long as short
BloFin PYTH-USDTshort	+0.0024%	4h	0.06313	−0.032%	$423K	$72K	75x
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−0.871%	$553	$220K	5.5x	as long as short
MEXC PYTH_USDTlong	+0.0050%	4h	0.06315	long leg	$10.4M	$2.7M	125x
Binance PYTHUSDT	+0.0052%	4h	0.06316	+0.016%	$8.9M	$19.5M	75x	as long as short
Lighter PYTH	+0.0096%	1h	0.06325	+0.158%	$194K	$218K	5x	as long as short
Aevo PYTH-PERP	+0.0096%	1h	0.06320	+0.079%	$23K	—	3x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06317	+0.033%	$3K	—	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06325	+0.157%	$2.2M	$2.0M	5x	as long as short
Aster PYTHUSDT	+0.0100%	4h	0.06316	+0.012%	$21K	$46K	10x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06319	+0.063%	$7.5M	$4.9M	50x	as long as short
OKX PYTH-USDT-SWAP	+0.0100%	4h	0.06320	+0.079%	$2.1M	$3.6M	50x	as long as short
Gate PYTH_USDT	+0.0100%	4h	0.06316	+0.016%	$1.0M	$537K	75x	as long as short
KuCoin PYTHUSDTM	+0.0100%	4h	0.06321	+0.095%	$1.5M	$370K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06314	−0.016%	$2.7M	$2.2M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06317	+0.032%	—	$2.8M	—	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06317	+0.038%	$40K	$27K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06316	+0.013%	$2K	$2K	10x	as long as short
Kraken Futures PF_PYTHUSD	+0.0131%	1h	0.06322	+0.116%	$383K	$318K	25x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06316	+0.011%	—	—	20x	as long as short
Coinbase International PYTH-PERP-INTX	+0.0368%	1h	0.06427	+1.774%	$40K	$19K	25x	as long as short