Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX−0.063%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$710.707% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days+0.039%+$4 · spread now −0.063%, 7d avg −0.015%
Together, before fees+0.040%+$4 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: BingX is 0.048% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PYTH-USDT-SWAP0.063470.0100pay 0.0050% / 4h2h 23m$2.1M$3.3M50x
ShortBingX PYTH-USDT0.063430.0100get 0.0050% / 4h2h 23m$2.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$0
Price spread: −0.063% → −0.015%
−$4.76
Slippage, 4 orders
−$50.74
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$75.5
Costs to cover
0.707%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.79 bp20.5 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago3.16 bp15.7 bp −$1631.6 bp −$316157.0 bp −$15.7K393.2 bp −$196.6K

PYTH on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PYTH/USDC PERP−0.0586%1h0.06350+0.047%$561$180K5.5xas long as short
Kraken Futures PF_PYTHUSD−0.0216%1h0.06349+0.032%$384K$240K25xas long as short
Deribit PYTH_USDC-PERPETUAL−0.0065%1h0.06350+0.047%$10K$10K10xas long as short
BloFin PYTH-USDT−0.0047%4h0.063470.000%$424K$118K75xas long as short
Gate PYTH_USDT−0.0038%4h0.06336−0.173%$1.1M$465K75xas long as short
dYdX PYTH-USD0.0000%1h0.06348+0.012%$188K$195xas long as short
MEXC PYTH_USDT0.0000%4h0.06341−0.095%$9.4M$2.4M125xas long as short
Binance PYTHUSDT+0.0005%4h0.06341−0.092%$9.1M$15.9M75xas long as short
Coinbase International PYTH-PERP-INTX+0.0048%1h0.06431+1.323%$40K$6K25xas long as short
Bybit PYTHUSDT+0.0049%4h0.06345−0.032%$7.5M$4.9M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PYTH-PERP+0.0080%1h0.06342−0.079%$23K3xas long as short
Lighter PYTH+0.0096%1h0.06352+0.079%$197K$206K5xas long as short
Paradex PYTH-USD-PERP+0.0099%8h0.06341−0.090%$3K$5610xas long as short
Hyperliquid PYTH+0.0100%1h0.06349+0.028%$1.7M$1.5M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06340−0.102%$20K$24K10xas long as short
OKX PYTH-USDT-SWAPlong+0.0100%4h0.06347long leg$2.1M$3.3M50x
KuCoin PYTHUSDTM+0.0100%4h0.063470.000%$1.5M$304K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06343−0.063%$2.6M$1.9M75xas long as short
BingX PYTH-USDTshort+0.0100%4h0.06343−0.063%$2.8M
Variational Omni PYTH+0.0100%4h0.06343−0.059%$44K$23Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06345−0.036%$3K$1K10xas long as short
Backpack PYTH_USDC_PERP+0.0214%1h0.06351+0.055%$38K$87K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06341−0.101%20xas long as short