data as of
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Price arb /

PYTH

all PYTH markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.141%
7d average—if it closes, per $10,000$14funding while held, a day−$9.58
Long on MEXCShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PYTH_USDT0.063790.0100pay 0.0050% / 4h1h 41m$9.7M$2.6M125x
ShortDeribit PYTH_USDC-PERPETUAL0.06388−0.0219pay 0.0027% / 1h41m 53s$10K$10K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$14.11
Funding while held
−$9.58
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$2.47
Spread needed to break even
0.070%
Slippage unknown: MEXC: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0319%
Per $10,000 a day
−$9.58
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago0.78 bp3.1 bp −$38.8 bp −$8886.7 bp −$8,672193.3 bp −$96.7K
Sell Deribit no order-book sample—————
Deribit: 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.
Gate0.06372cheapestBybit0.06375+0.047%Paradex0.06376+0.059%Binance0.06376+0.066%Aevo0.06377+0.072%Reya0.06377+0.073%Bitget0.06377+0.078%OKX0.06378+0.094%BingX0.06378+0.094%
MEXC0.06379+0.110%
BloFin0.06380+0.126%KuCoin0.06382+0.157%Hyperliquid0.06382+0.162%Aster0.06382+0.163%Orderly0.06383+0.166%Backpack0.06384+0.193%
Deribit0.06388+0.251%
Kraken Futures0.06388+0.256%Lighter0.06391+0.298%Variational Omni0.06391+0.301%dYdX0.06392+0.315%Coinbase International0.06404+0.502%Injective0.06525+2.401%

PYTH on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate PYTH_USDT−0.110%−0.0072%4h$1.1M$524K75xas long as short
Bybit PYTHUSDT−0.063%+0.0049%4h$7.5M$4.9M50xas long as short
Paradex PYTH-USD-PERP−0.051%+0.0094%8h$3K$5610xas long as short
Binance PYTHUSDT−0.043%+0.0100%4h$9.2M$15.9M75xas long as short
Aevo PYTH-PERP−0.038%+0.0104%1h$23K—3xas long as short
Reya PYTHRUSDPERP−0.037%+0.0302%1h——20xas long as short
Bitget PYTHUSDT−0.031%+0.0100%4h$2.6M$2.1M75xas long as short
OKX PYTH-USDT-SWAP−0.016%+0.0100%4h$2.1M$3.6M50xas long as short
BingX PYTH-USDT−0.016%+0.0100%4h—$2.9M—as long as short
MEXC PYTH_USDTlong0.000%+0.0100%4h$9.7M$2.6M125x
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin PYTH-USDT+0.016%+0.0109%4h$432K$128K75xas long as short
KuCoin PYTHUSDTM+0.047%+0.0100%4h$1.5M$364K50xas long as short
Hyperliquid PYTH+0.052%+0.0100%1h$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.053%+0.0100%4h$21K$34K10xas long as short
Orderly PERP_PYTH_USDC_mythos+0.056%+0.0100%4h$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.083%+0.0100%1h$39K$92K10xas long as short
Deribit PYTH_USDC-PERPETUALshort+0.141%−0.0219%1h$10K$10K10x
Kraken Futures PF_PYTHUSD+0.146%−0.0488%1h$385K$229K25xas long as short
Lighter PYTH+0.188%+0.0096%1h$198K$203K5xas long as short
Variational Omni PYTH+0.191%+0.0100%4h$44K$17K—as long as short
dYdX PYTH-USD+0.205%0.0000%1h$190K$195xas long as short
Coinbase International PYTH-PERP-INTX+0.392%+0.0352%1h$40K$10K25xas long as short
Injective PYTH/USDC PERP+2.289%+0.0033%1h$577$46K5.5xas long as short