Spread before costs (cost unknown: a leg has no order-book sample)−0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$0.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PYTH-USD-PERP | 0.06381 | 0.0093 | pay 0.0093% / 8h | 4h 57m | $3K | $56 | 10x |
| Short | Binance PYTHUSDT | 0.06380 | 0.0100 | get 0.0050% / 4h | 57m 50s | $9.2M | $15.7M | 75x |
Paradex PYTH-USD-PERP
Binance PYTHUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.3
- Funding while held
- $0.22
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.08
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0007%
- Per $10,000 a day
- +$0.22
- Average in range /8h
- —
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.78 bp | 15.8 bp −$16 | 34.1 bp −$341 | 212.7 bp −$21.3K | doesn't fit |
Paradex: 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 price on every exchange
against the cheapest. Click to use as the short leg.Gate0.06374cheapestInjective0.06376+0.031%MEXC0.06379+0.078%Reya0.06379+0.085%OKX0.06380+0.094%BingX0.06380+0.094%BloFin0.06380+0.094%
Gate
Injective
MEXC
Reya
OKX
BingX
BloFinBinance0.06380+0.101%
Paradex0.06381+0.104%
Bybit0.06381+0.110%Bitget0.06381+0.110%Aevo0.06382+0.124%Variational Omni0.06384+0.152%Hyperliquid0.06384+0.154%Aster0.06388+0.214%Orderly0.06388+0.224%Deribit0.06389+0.235%Backpack0.06391+0.260%KuCoin0.06391+0.267%dYdX0.06391+0.268%Kraken Futures0.06393+0.293%Lighter0.06393+0.298%Coinbase International0.06399+0.392%
Bybit
Bitget
Aevo
Variational Omni
Hyperliquid
Aster
Orderly
Deribit
Backpack
KuCoin
dYdX
Kraken Futures
Lighter
Coinbase InternationalPYTH on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | −0.104% | −0.0160% | 4h | $1.1M | $517K | 75x | as long as short |
| Injective PYTH/USDC PERP | −0.073% | −0.0507% | 1h | $564 | $94K | 5.5x | as long as short |
| MEXC PYTH_USDT | −0.026% | +0.0100% | 4h | $9.7M | $2.5M | 125x | as long as short |
| Reya PYTHRUSDPERP | −0.019% | +0.0302% | 1h | — | — | 20x | as long as short |
| OKX PYTH-USDT-SWAP | −0.010% | +0.0100% | 4h | $2.1M | $3.5M | 50x | as long as short |
| BingX PYTH-USDT | −0.010% | +0.0100% | 4h | — | $2.8M | — | as long as short |
| BloFin PYTH-USDT | −0.010% | +0.0159% | 4h | $433K | $128K | 75x | as long as short |
| Binance PYTHUSDTshort | −0.003% | +0.0100% | 4h | $9.2M | $15.7M | 75x | |
| Paradex PYTH-USD-PERPlong | 0.000% | +0.0093% | 8h | $3K | $56 | 10x | |
| Bybit PYTHUSDT | +0.006% | −0.0190% | 4h | $7.5M | $4.8M | 50x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PYTHUSDT | +0.006% | +0.0100% | 4h | $2.6M | $2.0M | 75x | as long as short |
| Aevo PYTH-PERP | +0.020% | +0.0104% | 1h | $23K | — | 3x | as long as short |
| Variational Omni PYTH | +0.047% | +0.0100% | 4h | $44K | $17K | — | as long as short |
| Hyperliquid PYTH | +0.050% | +0.0100% | 1h | $1.7M | $1.4M | 5x | as long as short |
| Aster PYTHUSDT | +0.109% | +0.0100% | 4h | $21K | $34K | 10x | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.120% | +0.0100% | 4h | $3K | $1K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.131% | −0.0063% | 1h | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.156% | +0.0270% | 1h | $39K | $90K | 10x | as long as short |
| KuCoin PYTHUSDTM | +0.163% | +0.0100% | 4h | $1.5M | $346K | 50x | as long as short |
| dYdX PYTH-USD | +0.164% | 0.0000% | 1h | $190K | $19 | 5x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.189% | −0.0248% | 1h | $386K | $228K | 25x | as long as short |
| Lighter PYTH | +0.194% | +0.0096% | 1h | $198K | $201K | 5x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.288% | +0.0232% | 1h | $39K | $10K | 25x | as long as short |