Funding you earn now, next payment 00:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.167%
Price spread now: Deribit against Bybit+0.133%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days−0.835%−$84 on $10k
+Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.133%, 7d avg +0.102%
=The price spread pays, funding is against you. Deribit is 0.031% dearer against Bybit than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.102%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DOTUSDT | 1.2024 | 0.0100 | pay 0.0100% / 8h | 10m 15s | $24.7M | $18.6M | 75x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.2040 | −0.0165 | pay 0.0021% / 1h | 10m 15s | $220K | $116K | 50x |
Bybit DOTUSDT
Deribit DOT_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
- −$55.65
- Price spread: +0.133% → +0.102%
- $3.08
- Slippage, 4 orders
- −$26.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$96.87
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 3 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 Bybit live order book, 3 min ago | 0.41 bp | 10.2 bp −$10 | 20.8 bp −$208 | 78.0 bp −$7,801 | doesn't fit |
| Sell Deribit live order book, 3 min ago | 5.39 bp | 14.7 bp −$15 | 25.1 bp −$251 | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2025 | +0.006% | $260 | — | — | as long as short |
| Deribit DOT_USDC-PERPETUALshort | −0.0165% | 1h | 1.2040 | +0.133% | $220K | $116K | 50x | |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2040 | +0.133% | $206K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2030 | +0.053% | $145K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2035 | +0.091% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0012% | 8h | 1.2027 | +0.025% | $9.5M | $24.1M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2040 | +0.130% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.033% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0054% | 8h | 1.2030 | +0.050% | $6.7M | $8.9M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2031 | +0.058% | $246K | $605K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni DOT | +0.0099% | 8h | 1.2009 | −0.127% | $547K | $61K | — | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2035 | +0.091% | $5.3M | $3.5M | 10x | as long as short |
| Aster DOTUSDT | +0.0100% | 8h | 1.2042 | +0.148% | $877K | $691K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2031 | +0.055% | $44.4M | $83.3M | 75x | as long as short |
| Bybit DOTUSDTlong | +0.0100% | 8h | 1.2024 | long leg | $24.7M | $18.6M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.2030 | +0.050% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2038 | +0.116% | $33.3M | $40.8M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2030 | +0.050% | $23.0M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.2030 | +0.050% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2011 | −0.108% | $96K | $131K | 10x | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2047 | +0.191% | $35K | $332K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2050 | +0.214% | $233K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2030 | +0.050% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2045 | +0.175% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2024 | 0.000% | $248K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2024 | +0.001% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2016 | −0.067% | $2.3M | $784K | 75x | as long as short |
| Phemex DOTUSDT | +0.0283% | 8h | 1.2050 | +0.216% | $2.3M | $2.1M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.2032 | +0.070% | $22K | — | 100x | as long as short |
Variational Omni DOT
Hyperliquid DOT
Aster DOTUSDT
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]