Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.087%
Price spread now: Deribit against Bybit−0.134%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−1.023%−$102 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.134% cheaper against Bybit than usual: you would sell low and buy high (−$13 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 | Bybit ALGOUSDT | 0.1117 | 0.0100 | pay 0.0100% / 8h | 41m 56s | $11.3M | $12.9M | 75x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1115 | 0 | get 0.0000% / 1h | 41m 56s | $88K | $45K | 25x |
Bybit ALGOUSDT
Deribit ALGO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- −$21
- Price spread: −0.134% → 0.000%
- −$13.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$52.43
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Deribit: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 0.45 bp | 12.8 bp −$13 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.
ALGO 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0264% | 1h | 0.1118 | +0.099% | $833K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1115 | −0.213% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUALshort | 0.0000% | 1h | 0.1115 | −0.134% | $88K | $45K | 25x | |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.269% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1118 | +0.116% | $3.4M | $2.3M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.002% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.027% | $9.5M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDTlong | +0.0100% | 8h | 0.1117 | long leg | $11.3M | $12.9M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | +0.027% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1116 | −0.054% | $841K | $949K | 50x | as long as short |
Kraken Futures PF_ALGOUSD
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Hyperliquid ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.009% | $23.5M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | −0.027% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.090% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.009% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1112 | −0.454% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.242% | $58K | $137K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.179% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | 0.000% | $4K | $197K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0144% | 1h | 0.1117 | +0.009% | $63K | $194K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1115 | −0.179% | $475K | $878K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0319% / S −0.0264% | 1h | 0.1115 | −0.208% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0896% | 1h | 0.1114 | −0.284% | $161K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD