Spread before costs (cost unknown: a leg has no order-book sample)−0.075%
7d average—if it closes, per $10,000$8funding while held, a day−$6.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PYTHRUSDPERP | 0.06416 | 0.0302 | pay 0.0038% / 1h | 41m 09s | — | — | 20x |
| Short | Hyperliquid PYTH | 0.06411 | 0.0100 | get 0.0013% / 1h | 41m 09s | $1.7M | $1.5M | 5x |
Reya PYTHRUSDPERP
Hyperliquid PYTHPrice 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
- −$7.54
- Funding while held
- −$6.07
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.61
- Spread needed to break even
- 0.150%
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0202%
- Per $10,000 a day
- −$6.07
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 1 min ago | 2.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Reya: 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.MEXC0.06406cheapestBinance0.06408+0.031%Gate0.06409+0.047%KuCoin0.06409+0.047%BloFin0.06410+0.062%
MEXC
Binance
Gate
KuCoin
BloFinHyperliquid0.06411+0.078%
OKX0.06411+0.078%BingX0.06411+0.078%Paradex0.06412+0.089%Bitget0.06412+0.094%Bybit0.06413+0.109%Backpack0.06415+0.144%
OKX
BingX
Paradex
Bitget
Bybit
BackpackReya0.06416+0.154%
Kraken Futures0.06416+0.158%Orderly0.06418+0.184%Aevo0.06420+0.219%Lighter0.06424+0.281%Aster0.06425+0.298%dYdX0.06425+0.302%Deribit0.06427+0.328%Variational Omni0.06461+0.854%Injective0.06525+1.858%Coinbase International0.06648+3.778%
Kraken Futures
Orderly
Aevo
Lighter
Aster
dYdX
Deribit
Variational Omni
Injective
Coinbase InternationalPYTH on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PYTH_USDT | −0.153% | +0.0100% | 4h | $9.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | −0.122% | +0.0100% | 4h | $9.3M | $15.8M | 75x | as long as short |
| Gate PYTH_USDT | −0.107% | +0.0040% | 4h | $1.1M | $457K | 75x | as long as short |
| KuCoin PYTHUSDTM | −0.107% | +0.0100% | 4h | $1.5M | $374K | 50x | as long as short |
| BloFin PYTH-USDT | −0.091% | +0.0084% | 4h | $440K | $142K | 75x | as long as short |
| Hyperliquid PYTHshort | −0.075% | +0.0100% | 1h | $1.7M | $1.5M | 5x | |
| OKX PYTH-USDT-SWAP | −0.075% | +0.0100% | 4h | $2.1M | $3.5M | 50x | as long as short |
| BingX PYTH-USDT | −0.075% | +0.0100% | 4h | — | $2.9M | — | as long as short |
| Paradex PYTH-USD-PERP | −0.064% | +0.0096% | 8h | $3K | $56 | 10x | as long as short |
| Bitget PYTHUSDT | −0.060% | +0.0100% | 4h | $2.6M | $2.2M | 75x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PYTHUSDT | −0.044% | +0.0100% | 4h | $7.8M | $4.4M | 50x | as long as short |
| Backpack PYTH_USDC_PERP | −0.010% | +0.0161% | 1h | $36K | $86K | 10x | as long as short |
| Reya PYTHRUSDPERPlong | 0.000% | +0.0302% | 1h | — | — | 20x | |
| Kraken Futures PF_PYTHUSD | +0.004% | +0.0179% | 1h | $389K | $226K | 25x | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.031% | +0.0100% | 4h | $3K | $1K | 10x | as long as short |
| Aevo PYTH-PERP | +0.065% | +0.0104% | 1h | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.127% | +0.0096% | 1h | $196K | $194K | 5x | as long as short |
| Aster PYTHUSDT | +0.145% | +0.0100% | 4h | $21K | $34K | 10x | as long as short |
| dYdX PYTH-USD | +0.148% | 0.0000% | 1h | $191K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.174% | +0.0684% | 1h | $10K | $10K | 10x | as long as short |
| Variational Omni PYTH | +0.700% | +0.0100% | 4h | $46K | $14K | — | as long as short |
| Injective PYTH/USDC PERP | +1.701% | +0.0033% | 1h | $577 | $46K | 5.5x | as long as short |
| Coinbase International PYTH-PERP-INTX | +3.619% | +0.0304% | 1h | $41K | $10K | 25x | as long as short |