Spread before costs (cost unknown: a leg has no order-book sample)+0.096%
7d average—if it closes, per $10,000$10funding while held, a day+$0.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PYTH-USD-PERP | 0.06623 | 0.0096 | pay 0.0096% / 8h | 7h 31m | $3K | $56 | 10x |
| Short | Bitget PYTHUSDT | 0.06629 | 0.0100 | get 0.0050% / 4h | 3h 31m | $2.7M | $2.1M | 75x |
Paradex PYTH-USD-PERP
Bitget 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
- $9.6
- Funding while held
- $0.11
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$6.29
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.11
- 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 Bitget live order book, 2 min ago | 3.78 bp | 20.0 bp −$20 | 44.9 bp −$449 | doesn't fit | 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.Injective0.06525cheapestAevo0.06600+1.151%Orderly0.06601+1.171%Backpack0.06609+1.284%Gate0.06610+1.303%Variational Omni0.06610+1.307%Aster0.06611+1.314%Kraken Futures0.06612+1.332%Deribit0.06613+1.349%BloFin0.06613+1.349%KuCoin0.06619+1.441%dYdX0.06622+1.491%
Injective
Aevo
Orderly
Backpack
Gate
Variational Omni
Aster
Kraken Futures
Deribit
BloFin
KuCoin
dYdXParadex0.06623+1.496%
Bybit0.06623+1.502%Lighter0.06625+1.533%BingX0.06625+1.533%OKX0.06626+1.548%Binance0.06627+1.557%
Bybit
Lighter
BingX
OKX
BinanceBitget0.06629+1.594%
Reya0.06630+1.606%Hyperliquid0.06631+1.626%MEXC0.06632+1.640%Coinbase International0.06648+1.885%
Reya
Hyperliquid
MEXC
Coinbase InternationalPYTH on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −1.474% | +0.0033% | 1h | $577 | $46K | 5.5x | as long as short |
| Aevo PYTH-PERP | −0.340% | +0.0104% | 1h | $24K | — | 3x | as long as short |
| Orderly PERP_PYTH_USDC_mythos | −0.321% | +0.0100% | 4h | $3K | $814 | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.209% | +0.0283% | 1h | $37K | $85K | 10x | as long as short |
| Gate PYTH_USDT | −0.191% | +0.0098% | 4h | $1.2M | $450K | 75x | as long as short |
| Variational Omni PYTH | −0.187% | +0.0100% | 4h | $47K | $14K | — | as long as short |
| Aster PYTHUSDT | −0.179% | +0.0100% | 4h | $24K | $30K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.162% | +0.0347% | 1h | $407K | $223K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.146% | +0.0053% | 1h | $11K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | −0.146% | +0.0077% | 4h | $450K | $142K | 75x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PYTHUSDTM | −0.055% | +0.0100% | 4h | $1.6M | $376K | 50x | as long as short |
| dYdX PYTH-USD | −0.006% | +0.0012% | 1h | $197K | $19 | 5x | as long as short |
| Paradex PYTH-USD-PERPlong | 0.000% | +0.0096% | 8h | $3K | $56 | 10x | |
| Bybit PYTHUSDT | +0.005% | +0.0100% | 4h | $8.0M | $4.4M | 50x | as long as short |
| Lighter PYTH | +0.036% | +0.0096% | 1h | $200K | $192K | 5x | as long as short |
| BingX PYTH-USDT | +0.036% | +0.0100% | 4h | — | $2.9M | — | as long as short |
| OKX PYTH-USDT-SWAP | +0.051% | +0.0100% | 4h | $2.2M | $3.5M | 50x | as long as short |
| Binance PYTHUSDT | +0.059% | +0.0100% | 4h | $9.7M | $15.3M | 75x | as long as short |
| Bitget PYTHUSDTshort | +0.096% | +0.0100% | 4h | $2.7M | $2.1M | 75x | |
| Reya PYTHRUSDPERP | +0.108% | +0.0302% | 1h | — | — | 20x | as long as short |
| Hyperliquid PYTH | +0.128% | +0.0100% | 1h | $1.8M | $1.4M | 5x | as long as short |
| MEXC PYTH_USDT | +0.141% | +0.0100% | 4h | $9.8M | $2.8M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.383% | +0.0176% | 1h | $41K | $10K | 25x | as long as short |