Funding you earn now, next payment 22:00 UTC+0.0234%/8h= +25.6% APRpaid last 24h +0.029%
Price spread now: Bybit against Deribit−0.051%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$530.535% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)−1.593%−$159 · spread now −0.051%, 7d avg −0.116%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.065% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.116%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit APT_USDC-PERPETUAL | 0.7812 | −0.0134 | get 0.0017% / 1h | 16m 39s | $7K | $382K | 50x |
| Short | Bybit APTUSDT | 0.7808 | 0.0100 | get 0.0100% / 8h | 2h 16m | $29.0M | $35.4M | 50x |
Deribit APT_USDC-PERPETUAL
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- $49.14
- Price spread: −0.051% → −0.116%
- $6.51
- Slippage, 4 orders
- −$35.47
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2.18
- Costs to cover
- 0.535%
- Break-even
- 6.7 days
Slippage from Deribit: live order book, 7 min ago; Bybit: live order book, 2 min ago.
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 Deribit live order book, 7 min ago | 7.66 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.64 bp | 16.8 bp −$17 | 32.7 bp −$327 | 87.5 bp −$8,745 | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0520% | 1h | 0.7812 | 0.000% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0362% | 1h | 0.7813 | +0.015% | $536K | $617K | 50x | as long as short |
| Deribit APT_USDC-PERPETUALlong | −0.0134% | 1h | 0.7812 | long leg | $7K | $382K | 50x | |
| Variational Omni APT | −0.0093% | 8h | 0.7840 | +0.353% | $616K | $224K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0017% | 8h | 0.7813 | +0.013% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7780 | −0.410% | $2K | $200K | 12x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7818 | +0.071% | $22K | — | 150x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7808 | −0.051% | $428K | $350K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7817 | +0.064% | $5.9M | $5.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7818 | +0.083% | $305K | $454K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
gTrade (Gains Network) APT/USD
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7806 | −0.077% | $28.8M | $96.4M | 75x | as long as short |
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7808 | −0.051% | $29.0M | $35.4M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7806 | −0.077% | $6.2M | $23.2M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7806 | −0.077% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7812 | 0.000% | $27.8M | $14.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7810 | −0.026% | $5.5M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7804 | −0.102% | $9.0M | $12.2M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7805 | −0.090% | — | $25.6M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7817 | +0.064% | $199K | $362K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7840 | +0.358% | $65K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7798 | −0.179% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7811 | −0.013% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7815 | +0.038% | $263K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7802 | −0.124% | $83K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7811 | −0.018% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7814 | +0.026% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7815 | +0.038% | $1.5M | $775K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0280% | 1h | 0.7819 | +0.090% | $211K | $545K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0464% | 1h | 0.7812 | −0.003% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0747% | 1h | 0.7812 | −0.005% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD