Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex+0.276%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.276% dearer against Paradex than usual: you sell high and buy low, +$28 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PYTH-USD-PERP | 0.06346 | 0.0100 | pay 0.0100% / 8h | 6h 04m | $3K | — | 10x |
| Short | Lighter PYTH | 0.06364 | 0.0096 | get 0.0012% / 1h | 4m 18s | $191K | $206K | 5x |
Paradex PYTH-USD-PERP
Lighter PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$0.78
- Price spread: +0.276% → 0.000%
- $27.64
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $22.86
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 46 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 46 min ago | 3.90 bp | 7.4 bp −$7 | 89.6 bp −$896 | 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 on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PYTH_USDT | −0.0084% | 4h | 0.06351 | +0.072% | $1.0M | $501K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06369 | +0.355% | $39K | $18K | 25x | as long as short |
| Binance PYTHUSDT | −0.0056% | 4h | 0.06356 | +0.146% | $9.1M | $17.7M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0056% | 4h | 0.06357 | +0.166% | $9.6M | $2.4M | 125x | as long as short |
| Aster PYTHUSDT | −0.0004% | 4h | 0.06354 | +0.119% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06347 | +0.004% | $188K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.362% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0064% | 1h | 0.06352 | +0.086% | $23K | — | 3x | as long as short |
| Lighter PYTHshort | +0.0096% | 1h | 0.06364 | +0.276% | $191K | $206K | 5x | |
| Paradex PYTH-USD-PERPlong | +0.0100% | 8h | 0.06346 | long leg | $3K | — | 10x |
Gate PYTH_USDT
Coinbase International PYTH-PERP-INTX
Binance PYTHUSDT
MEXC PYTH_USDT
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06364 | +0.283% | $2.0M | $1.7M | 5x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06354 | +0.119% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06358 | +0.182% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06357 | +0.166% | $1.5M | $341K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06356 | +0.150% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06355 | +0.135% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06347 | +0.007% | $39K | $92K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06340 | −0.096% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06355 | +0.131% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06356 | +0.145% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0377% | 1h | 0.06360 | +0.210% | $388K | $292K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0693% | 1h | 0.06366 | +0.308% | $10K | $10K | 10x | as long as short |
Hyperliquid PYTH
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL