Funding you earn now, next payment 08:00 UTC+0.0353%/8h= +38.6% APRpaid last 24h +0.019%
Price spread now: Kraken Futures against OKX+0.020%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$940.938% of the position
Funding, last 7 days+0.476%+$48 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.020%, 7d avg +0.134%
=Funding pays, the price is against you. Kraken Futures is 0.115% cheaper against OKX than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.134%). If the spread goes back, that is −$11 on $10k: about 26 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYTH-USDT-SWAP | 0.06300 | 0.0100 | pay 0.0050% / 4h | 19m 18s | $2.1M | $3.5M | 50x |
| Short | Kraken Futures PF_PYTHUSD | 0.06301 | 0.0453 | get 0.0057% / 1h | 19m 18s | $382K | $307K | 25x |
OKX PYTH-USDT-SWAP
Kraken Futures PF_PYTHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $74.08
- Price spread: +0.020% → +0.134%
- −$11.48
- Slippage, 4 orders
- −$73.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$31.19
- Costs to cover
- 0.938%
- Break-even
- 9.9 days
Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 19 min ago.
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, 3 min ago | 3.99 bp | 16.7 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 19 min ago | 21.44 bp | 29.5 bp −$29 | 171.8 bp −$1,718 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PYTH-USD | +0.0017% | 1h | 0.06287 | −0.208% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.635% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDT | +0.0042% | 4h | 0.06284 | −0.254% | $424K | $72K | 75x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0053% | 1h | 0.06291 | −0.135% | $35K | $67K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0067% | 1h | 0.06303 | +0.048% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0092% | 4h | 0.06298 | −0.032% | $10.6M | $2.8M | 125x | as long as short |
| Binance PYTHUSDT | +0.0095% | 4h | 0.06296 | −0.063% | $9.1M | $19.9M | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06302 | +0.032% | $194K | $221K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06287 | −0.202% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06302 | +0.038% | $2.2M | $1.9M | 5x | as long as short |
dYdX PYTH-USD
Injective PYTH/USDC PERP
BloFin PYTH-USDT
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance PYTHUSDT
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PYTHUSDT | +0.0100% | 4h | 0.06292 | −0.122% | $21K | $47K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06295 | −0.079% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAPlong | +0.0100% | 4h | 0.06300 | long leg | $2.1M | $3.5M | 50x | |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06291 | −0.143% | $1.0M | $539K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06294 | −0.095% | $1.5M | $371K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06299 | −0.016% | $2.6M | $2.3M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06297 | −0.048% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06266 | −0.541% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06295 | −0.079% | $2K | $2K | 10x | as long as short |
| Aevo PYTH-PERP | +0.0104% | 1h | 0.06295 | −0.079% | $22K | — | 3x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06296 | −0.059% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSDshort | +0.0453% | 1h | 0.06301 | +0.020% | $382K | $307K | 25x | |
| Coinbase International PYTH-PERP-INTX | +0.0472% | 1h | 0.06427 | +2.016% | $40K | $19K | 25x | as long as short |
Aster PYTHUSDT
Bybit PYTHUSDT
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Aevo PYTH-PERP
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX