Funding you earn now, next payment 04:00 UTC+0.2820%/8h= +308.8% APRpaid last 24h +0.581%
Price spread now: Deribit against Bybit+0.542%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$85 a day on $10k at the current rate, and Deribit is 0.542% dearer against Bybit than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CFXUSDT | 0.05349 | 0.0100 | pay 0.0100% / 8h | 4h 52m | $2.4M | $1.4M | 25x |
| Short | Deribit CFX_USDC-PERPETUAL | 0.05378 | 0.2920 | get 0.0365% / 1h | 52m 34s | $142 | $29 | 10x |
Bybit CFXUSDT
Deribit CFX_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
- $592.3
- Price spread: +0.542% → 0.000%
- $54.22
- 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
- $628.51
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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, 4 min ago | 2.79 bp | 28.8 bp −$29 | 853.2 bp −$8,532 | 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.
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05359 | +0.179% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05346 | −0.056% | $5.3M | $10.1M | 75x | as long as short |
| Bybit CFXUSDTlong | +0.0100% | 8h | 0.05349 | long leg | $2.4M | $1.4M | 25x | |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05343 | −0.112% | $2.5M | $5.6M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05363 | +0.262% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05349 | 0.000% | $3.0M | $1.6M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05353 | +0.075% | $879K | $281K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05349 | 0.000% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05352 | +0.056% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05375 | +0.488% | $42K | $45K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05355 | +0.107% | $508K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05347 | −0.044% | $859 | $262K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0192% | 1h | 0.05412 | +1.178% | $43K | $125K | 50x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0502% | 1h | 0.05363 | +0.265% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFX | +0.0715% | 1h | 0.05364 | +0.286% | $3.2M | $358K | 5x | as long as short |
| Deribit CFX_USDC-PERPETUALshort | +0.2920% | 1h | 0.05378 | +0.542% | $142 | $29 | 10x |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Hyperliquid CFX