Settings8H · net · $10k
Funding arb · Price arb /

PYTH

all PYTH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.008%
Price spread now: Aster against Paradex−0.202%49s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.202% cheaper against Paradex than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PYTH-USD-PERP0.064830.0100pay 0.0100% / 8h7h 10m$3K10x
ShortAster PYTHUSDT0.064700.0026get 0.0013% / 4h3h 10m$22K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
−$15.51
Price spread: −0.202% → 0.000%
−$20.2
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
−$47.71
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Aster no order-book sample
Paradex and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PYTH-USDT−0.0149%4h0.06458−0.390%$432K$111K75xas long as short
Kraken Futures PF_PYTHUSD−0.0134%1h0.06465−0.279%$397K$291K25xas long as short
MEXC PYTH_USDT−0.0120%4h0.06457−0.405%$9.8M$2.4M125xas long as short
Binance PYTHUSDT−0.0116%4h0.06467−0.251%$9.3M$17.7M75xas long as short
Coinbase International PYTH-PERP-INTX−0.0064%1h0.06505+0.335%$40K$18K25xas long as short
dYdX PYTH-USD0.0000%1h0.06487+0.056%$193K$195xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06472−0.174%$10K$10K10xas long as short
Aster PYTHUSDTshort+0.0026%4h0.06470−0.202%$22K$45K10x
Injective PYTH/USDC PERP+0.0033%1h0.06260−3.444%$553$220K5.5xas long as short
Aevo PYTH-PERP+0.0048%1h0.06460−0.359%$23K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter PYTH+0.0096%1h0.06469−0.220%$203K$199K5xas long as short
Paradex PYTH-USD-PERPlong+0.0100%8h0.06483long leg$3K10x
Hyperliquid PYTH+0.0100%1h0.06479−0.072%$2.1M$1.6M5xas long as short
Bybit PYTHUSDT+0.0100%4h0.06472−0.174%$7.7M$4.8M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06475−0.128%$2.1M$3.5M50xas long as short
Gate PYTH_USDT+0.0100%4h0.06458−0.390%$1.1M$481K75xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06466−0.267%$1.5M$326K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06470−0.205%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06472−0.174%$2.7Mas long as short
Variational Omni PYTH+0.0100%4h0.06461−0.337%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06473−0.160%$3K$2K10xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06463−0.320%20xas long as short
Backpack PYTH_USDC_PERP+0.0951%1h0.06466−0.267%$36K$91K10xas long as short