Funding you earn now, next payment 08:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.023%
Price spread now: Gate against Orderly−0.376%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 −$3 a day on $10k at the current rate, and Gate is 0.376% cheaper against Orderly than usual: you would sell low and buy high (−$38 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 | 0.06356 | 0.0100 | pay 0.0050% / 4h | 3h 10m | $2K | $2K | 10x |
| Short | Gate PYTH_USDT | 0.06332 | −0.0010 | pay 0.0005% / 4h | 3h 10m | $1.0M | $518K | 75x |
Orderly PERP_PYTH_USDC_mythos
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$23.1
- Price spread: −0.376% → 0.000%
- −$37.6
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$81.7
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.94 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0379% | 1h | 0.06357 | +0.017% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0084% | 1h | 0.06354 | −0.036% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDTshort | −0.0010% | 4h | 0.06332 | −0.376% | $1.0M | $518K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06350 | −0.096% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.509% | $553 | $220K | 5.5x | as long as short |
| Binance PYTHUSDT | +0.0045% | 4h | 0.06338 | −0.282% | $9.1M | $18.4M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0050% | 4h | 0.06338 | −0.282% | $10.7M | $2.8M | 125x | as long as short |
| BloFin PYTH-USDT | +0.0077% | 4h | 0.06355 | −0.014% | $427K | $77K | 75x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06349 | −0.109% | $194K | $211K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06351 | −0.080% | $23K | — | 3x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Injective PYTH/USDC PERP
Binance PYTHUSDT
MEXC PYTH_USDT
BloFin PYTH-USDT
Lighter PYTH
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | +0.0097% | 4h | 0.06341 | −0.234% | $7.5M | $4.8M | 50x | as long as short |
| Aster PYTHUSDT | +0.0098% | 4h | 0.06352 | −0.058% | $20K | $45K | 10x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06334 | −0.352% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06351 | −0.079% | $2.3M | $1.8M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06340 | −0.250% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06355 | −0.014% | $1.5M | $346K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06346 | −0.156% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06341 | −0.234% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.088% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythoslong | +0.0100% | 4h | 0.06356 | long leg | $2K | $2K | 10x | |
| Coinbase International PYTH-PERP-INTX | +0.0152% | 1h | 0.06493 | +2.157% | $40K | $19K | 25x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0299% | 1h | 0.06354 | −0.024% | $388K | $301K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06352 | −0.066% | — | — | 20x | as long as short |
Bybit PYTHUSDT
Aster PYTHUSDT
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Coinbase International PYTH-PERP-INTX
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP