PYTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.025%

Price spread now: MEXC against OKX−0.047%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.465% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.047%, 7d avg −0.041%

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

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PYTH-USDT-SWAP	0.06339	0.0100	pay 0.0050% / 4h	2h 01m	$2.1M	$3.4M	50x
Short	MEXC PYTH_USDT	0.06336	−0.0048	pay 0.0024% / 4h	2h 01m	$9.6M	$2.4M	125x

Funding history

latest

Range statsloading…

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.047%Rate

Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 2 min ago.

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	3.15 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.58 bp	5.7 bp −$6	17.2 bp −$172	90.1 bp −$9,014	202.7 bp −$101.3K

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
Gate PYTH_USDT	−0.0118%	4h	0.06334	−0.079%	$1.0M	$501K	75x	as long as short
Coinbase International PYTH-PERP-INTX	−0.0064%	1h	0.06369	+0.473%	$39K	$18K	25x	as long as short
Binance PYTHUSDT	−0.0049%	4h	0.06339	0.000%	$9.1M	$17.7M	75x	as long as short
MEXC PYTH_USDTshort	−0.0048%	4h	0.06336	−0.047%	$9.6M	$2.4M	125x
dYdX PYTH-USD	0.0000%	1h	0.06351	+0.185%	$189K	$19	5x	as long as short
Aster PYTHUSDT	+0.0001%	4h	0.06348	+0.146%	$20K	$46K	10x	as long as short
Injective PYTH/USDC PERP	+0.0033%	1h	0.06260	−1.246%	$553	$220K	5.5x	as long as short
Aevo PYTH-PERP	+0.0064%	1h	0.06341	+0.039%	$23K	—	3x	as long as short
Lighter PYTH	+0.0096%	1h	0.06352	+0.205%	$191K	$206K	5x	as long as short
Paradex PYTH-USD-PERP	+0.0100%	8h	0.06336	−0.050%	$3K	—	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PYTH	+0.0100%	1h	0.06346	+0.106%	$2.0M	$1.7M	5x	as long as short
Bybit PYTHUSDT	+0.0100%	4h	0.06341	+0.032%	$7.5M	$4.8M	50x	as long as short
OKX PYTH-USDT-SWAPlong	+0.0100%	4h	0.06339	long leg	$2.1M	$3.4M	50x
KuCoin PYTHUSDTM	+0.0100%	4h	0.06348	+0.142%	$1.5M	$341K	50x	as long as short
Bitget PYTHUSDT	+0.0100%	4h	0.06341	+0.032%	$2.7M	$2.1M	75x	as long as short
BingX PYTH-USDT	+0.0100%	4h	0.06343	+0.063%	—	$2.8M	—	as long as short
Backpack PYTH_USDC_PERP	+0.0100%	1h	0.06356	+0.265%	$39K	$92K	10x	as long as short
Variational Omni PYTH	+0.0100%	4h	0.06340	+0.022%	$38K	$26K	—	as long as short
Orderly PERP_PYTH_USDC_mythos	+0.0100%	4h	0.06342	+0.047%	$3K	$2K	10x	as long as short
Deribit PYTH_USDC-PERPETUAL	+0.0222%	1h	0.06354	+0.237%	$10K	$10K	10x	as long as short
Reya PYTHRUSDPERP	+0.0302%	1h	0.06337	−0.024%	—	—	20x	as long as short
Kraken Futures PF_PYTHUSD	+0.0377%	1h	0.06350	+0.176%	$388K	$291K	25x	as long as short