Funding you earn now, next payment 04:00 UTC−0.0216%/8h= −23.7% APRnext payment −$1.08 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against Orderly−0.167%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.167% cheaper against Orderly than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PYTH_USDC_mythos | 0.06491 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $3K | $2K | 10x |
| Short | Binance PYTHUSDT | 0.06480 | −0.0116 | pay 0.0058% / 4h | 3h 11m | $9.3M | $17.6M | 75x |
Orderly PERP_PYTH_USDC_mythos
Binance PYTHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- −$45.43
- Price spread: −0.167% → 0.000%
- −$16.72
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.15
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 1.56 bp | 14.6 bp −$15 | 45.4 bp −$454 | 312.8 bp −$31.3K | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDT | −0.0134% | 4h | 0.06483 | −0.119% | $433K | $112K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0133% | 1h | 0.06499 | +0.132% | $399K | $291K | 25x | as long as short |
| MEXC PYTH_USDT | −0.0120% | 4h | 0.06470 | −0.319% | $9.8M | $2.4M | 125x | as long as short |
| Binance PYTHUSDTshort | −0.0116% | 4h | 0.06480 | −0.167% | $9.3M | $17.6M | 75x | |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06495 | +0.066% | $40K | $18K | 25x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06487 | −0.059% | $193K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0026% | 4h | 0.06490 | −0.014% | $22K | $45K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −3.554% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06491 | +0.006% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06491 | +0.005% | $204K | $199K | 5x | as long as short |
BloFin PYTH-USDT
Kraken Futures PF_PYTHUSD
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
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 | 0.06483 | −0.114% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06496 | +0.086% | $2.1M | $1.6M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06481 | −0.149% | $7.7M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06476 | −0.226% | $2.2M | $3.5M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06483 | −0.119% | $1.1M | $480K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06492 | +0.020% | $1.6M | $326K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06486 | −0.072% | $2.8M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06485 | −0.088% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06426 | −0.997% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythoslong | +0.0100% | 4h | 0.06491 | long leg | $3K | $2K | 10x | |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06483 | −0.118% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0519% | 1h | 0.06506 | +0.236% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0952% | 1h | 0.06497 | +0.096% | $36K | $91K | 10x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP