Funding you earn now, next payment 03:00 UTC−0.2245%/8h= −245.9% APRpaid last 24h −0.578%
Price spread now: Bybit against Deribit−0.222%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$67 a day on $10k at the current rate, and Bybit is 0.222% cheaper against Deribit than usual: you would sell low and buy high (−$22 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 | Deribit CFX_USDC-PERPETUAL | 0.05408 | 0.2345 | pay 0.0293% / 1h | 18m 06s | $143 | $29 | 10x |
| Short | Bybit CFXUSDT | 0.05396 | 0.0100 | get 0.0100% / 8h | 5h 18m | $2.4M | $1.4M | 25x |
Deribit CFX_USDC-PERPETUAL
Bybit CFXUSDTFunding 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
- −$471.55
- Price spread: −0.222% → 0.000%
- −$22.19
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$511.74
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 3.70 bp | 29.8 bp −$30 | 187.1 bp −$1,871 | doesn't fit | doesn't fit |
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 | 0.05399 | −0.172% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05396 | −0.222% | $5.3M | $10.1M | 75x | as long as short |
| Bybit CFXUSDTshort | +0.0100% | 8h | 0.05396 | −0.222% | $2.4M | $1.4M | 25x | |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05394 | −0.259% | $2.5M | $5.7M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05396 | −0.222% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05394 | −0.259% | $3.0M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05398 | −0.185% | $887K | $283K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05394 | −0.259% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05396 | −0.222% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05415 | +0.129% | $43K | $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 | 0.05409 | +0.016% | $513K | $1.7M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05396 | −0.213% | $869 | $268K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0248% | 1h | 0.05412 | +0.074% | $43K | $125K | 50x | as long as short |
| Hyperliquid CFX | +0.0753% | 1h | 0.05407 | −0.013% | $3.2M | $360K | 5x | as long as short |
| Kraken Futures PF_CFXUSD | +0.1427% | 1h | 0.05394 | −0.261% | $32K | $11K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUALlong | +0.2345% | 1h | 0.05408 | long leg | $143 | $29 | 10x |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Hyperliquid CFX
Kraken Futures PF_CFXUSD