Funding you earn now, next payment 07:00 UTC−0.0202%/8h= −22.2% APRpaid last 24h —
Price spread now: KuCoin against Reya−0.102%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.102% cheaper against Reya than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PYTHRUSDPERP | 0.06345 | 0.0302 | pay 0.0038% / 1h | 45m 03s | — | — | 20x |
| Short | KuCoin PYTHUSDTM | 0.06338 | 0.0100 | get 0.0050% / 4h | 1h 45m | $1.5M | $351K | 50x |
Reya PYTHRUSDPERP
KuCoin PYTHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Reya. 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
- −$42.51
- Price spread: −0.102% → 0.000%
- −$10.25
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$70.76
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 11 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 Reya no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 11 min ago | 11.01 bp | 300.4 bp −$300 | 685.5 bp −$6,855 | 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 on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06339 | −0.087% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | −0.0009% | 1h | 0.06339 | −0.080% | $35K | $65K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06348 | +0.051% | $188K | $19 | 5x | as long as short |
| Gate PYTH_USDT | +0.0002% | 4h | 0.06335 | −0.150% | $1.0M | $531K | 75x | as long as short |
| BloFin PYTH-USDT | +0.0003% | 4h | 0.06326 | −0.292% | $427K | $76K | 75x | as long as short |
| Binance PYTHUSDT | +0.0005% | 4h | 0.06328 | −0.264% | $9.0M | $19.1M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0008% | 4h | 0.06333 | −0.181% | $10.5M | $2.7M | 125x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.332% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06335 | −0.150% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06343 | −0.024% | $191K | $215K | 5x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
dYdX PYTH-USD
Gate PYTH_USDT
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06320 | −0.378% | $3K | — | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06338 | −0.101% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06339 | −0.091% | $19K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06327 | −0.276% | $7.4M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06330 | −0.229% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06338 | −0.102% | $1.5M | $351K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06332 | −0.197% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06330 | −0.229% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06331 | −0.214% | $39K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06333 | −0.183% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0131% | 1h | 0.06340 | −0.070% | $385K | $292K | 25x | as long as short |
| Reya PYTHRUSDPERPlong | +0.0302% | 1h | 0.06345 | long leg | — | — | 20x | |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +1.300% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX