Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.049%
Price spread now: Injective against OKX−1.106%48s7-day average −0.207% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.956%+$96 · spread now −1.106%, 7d avg −0.207%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.898% cheaper against OKX than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of −0.207%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06330 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $2.1M | $3.4M | 50x |
| Short | Injective PYTH/USDC PERP | 0.06260 | 0.0033 | get 0.0004% / 1h | 36m 41s | $553 | $220K | 5.5x |
OKX PYTH-USDT-SWAP
Injective PYTH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$14
- Price spread: −1.106% → −0.207%
- −$89.85
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$113.87
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Injective: 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 OKX live order book, 1 min ago | 3.16 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0431% | 1h | 0.06328 | −0.030% | $38K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0232% | 4h | 0.06319 | −0.174% | $1.0M | $498K | 75x | as long as short |
| Binance PYTHUSDT | −0.0026% | 4h | 0.06326 | −0.060% | $9.1M | $17.8M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0024% | 4h | 0.06326 | −0.063% | $9.5M | $2.3M | 125x | as long as short |
| BloFin PYTH-USDT | −0.0011% | 4h | 0.06304 | −0.411% | $423K | $89K | 75x | as long as short |
| Aster PYTHUSDT | −0.0003% | 4h | 0.06324 | −0.098% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06331 | +0.013% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERPshort | +0.0033% | 1h | 0.06260 | −1.106% | $553 | $220K | 5.5x | |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06315 | −0.237% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06336 | +0.095% | $190K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06328 | −0.039% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06329 | −0.016% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06332 | +0.032% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06330 | long leg | $2.1M | $3.4M | 50x | |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06323 | −0.111% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06327 | −0.047% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06327 | −0.047% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06318 | −0.193% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06311 | −0.306% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +0.616% | $39K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06311 | −0.302% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0303% | 1h | 0.06319 | −0.166% | $386K | $291K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0699% | 1h | 0.06327 | −0.047% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL