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

PYTH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: OKX against Paradex+0.134%7-day average · you sell dearer than you buy
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 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.134% dearer against Paradex than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex PYTH-USD-PERP0.063740.0100pay 0.0100% / 8h3h 28m$3K10x
ShortOKX PYTH-USDT-SWAP0.063830.0100get 0.0050% / 4h3h 28m$2.1M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.134% → 0.000%
$13.4
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$0.6
Costs to cover
0.140%
Break-even
2275.4 days
Slippage unknown: Paradex: no order-book sample; OKX: live order book, 4 min ago. 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 OKX live order book, 4 min ago2.35 bp18.2 bp −$18101.9 bp −$1,019doesn't fitdoesn'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 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
Deribit PYTH_USDC-PERPETUAL−0.0376%1h0.06387+0.197%$10K$10K10xas long as short
dYdX PYTH-USD0.0000%1h0.06397+0.349%$190K$195xas long as short
BloFin PYTH-USDT+0.0025%4h0.06382+0.118%$426K$78K75xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−1.796%$553$220K5.5xas long as short
Gate PYTH_USDT+0.0070%4h0.06384+0.150%$1.1M$518K75xas long as short
MEXC PYTH_USDT+0.0082%4h0.06379+0.071%$10.7M$2.8M125xas long as short
Binance PYTHUSDT+0.0082%4h0.06379+0.071%$9.1M$18.3M75xas long as short
Lighter PYTH+0.0096%1h0.06393+0.291%$193K$209K5xas long as short
Paradex PYTH-USD-PERPlong+0.0100%8h0.06374long leg$3K10x
Hyperliquid PYTH+0.0100%1h0.06391+0.258%$2.3M$1.8M5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PYTHUSDT+0.0100%4h0.06391+0.252%$20K$45K10xas long as short
Bybit PYTHUSDT+0.0100%4h0.06386+0.181%$7.5M$4.8M50xas long as short
OKX PYTH-USDT-SWAPshort+0.0100%4h0.06383+0.134%$2.1M$3.5M50x
KuCoin PYTHUSDTM+0.0100%4h0.06384+0.150%$1.5M$346K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06388+0.212%$2.7M$2.1M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06381+0.103%$2.7Mas long as short
Backpack PYTH_USDC_PERP+0.0100%1h0.06390+0.238%$38K$63K10xas long as short
Variational Omni PYTH+0.0100%4h0.06411+0.571%$39K$25Kas long as short
Orderly PERP_PYTH_USDC_mythos+0.0100%4h0.06383+0.134%$2K$2K10xas long as short
Aevo PYTH-PERP+0.0104%1h0.06385+0.165%$23K3xas long as short
Coinbase International PYTH-PERP-INTX+0.0152%1h0.06493+1.860%$40K$19K25xas long as short
Kraken Futures PF_PYTHUSD+0.0297%1h0.06389+0.233%$394K$297K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06379+0.076%20xas long as short