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

PYTH

all PYTH markets
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: Orderly against Paradex+0.066%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: Orderly is 0.066% dearer against Paradex than usual: you sell high and buy low, +$7 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-PERP0.062790.0100pay 0.0100% / 8h1h 31m$3K10x
ShortOrderly PERP_PYTH_USDC_mythos0.062830.0100get 0.0050% / 4h1h 31m$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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: +0.066% → 0.000%
$6.63
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$3.36
Costs to cover
0.100%
Break-even
9972.1 days
Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample
Paradex and Orderly: 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
Backpack PYTH_USDC_PERP−0.0101%1h0.06292+0.211%$35K$67K10xas long as short
Deribit PYTH_USDC-PERPETUAL0.0000%1h0.06292+0.203%$10K$10K10xas long as short
dYdX PYTH-USD+0.0012%1h0.06288+0.136%$187K$195xas long as short
MEXC PYTH_USDT+0.0016%4h0.06286+0.108%$10.4M$2.7M125xas long as short
Binance PYTHUSDT+0.0022%4h0.06285+0.096%$8.9M$19.5M75xas long as short
Gate PYTH_USDT+0.0024%4h0.06279−0.004%$1.0M$535K75xas long as short
Injective PYTH/USDC PERP+0.0033%1h0.06260−0.306%$553$220K5.5xas long as short
BloFin PYTH-USDT+0.0040%4h0.06275−0.067%$424K$76K75xas long as short
Aevo PYTH-PERP+0.0088%1h0.06286+0.105%$22K3xas long as short
Lighter PYTH+0.0096%1h0.06294+0.235%$193K$218K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PYTH-USD-PERPlong+0.0100%8h0.06279long leg$3K10x
Hyperliquid PYTH+0.0100%1h0.06292+0.211%$2.2M$2.0M5xas long as short
Aster PYTHUSDT+0.0100%4h0.06286+0.103%$19K$46K10xas long as short
Bybit PYTHUSDT+0.0100%4h0.06285+0.092%$7.4M$4.9M50xas long as short
OKX PYTH-USDT-SWAP+0.0100%4h0.06289+0.156%$2.1M$3.6M50xas long as short
KuCoin PYTHUSDTM+0.0100%4h0.06288+0.140%$1.5M$361K50xas long as short
Bitget PYTHUSDT+0.0100%4h0.06291+0.187%$2.6M$2.2M75xas long as short
BingX PYTH-USDT+0.0100%4h0.06288+0.140%$2.8Mas long as short
Variational Omni PYTH+0.0100%4h0.06303+0.377%$39K$27Kas long as short
Orderly PERP_PYTH_USDC_mythosshort+0.0100%4h0.06283+0.066%$2K$2K10x
Kraken Futures PF_PYTHUSD+0.0132%1h0.06291+0.184%$381K$315K25xas long as short
Reya PYTHRUSDPERP+0.0302%1h0.06287+0.124%20xas long as short
Coinbase International PYTH-PERP-INTX+0.0368%1h0.06427+2.353%$40K$19K25xas long as short