Funding you earn now, next payment 00:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.149%
Price spread now: Bybit against Deribit+0.042%7-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 +$12 a day on $10k at the current rate, and Bybit is 0.042% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ETHFI_USDC-PERPETUAL | 0.7190 | −0.0306 | get 0.0038% / 1h | 34m 04s | $42K | $18K | 10x |
| Short | Bybit ETHFIUSDT | 0.7193 | 0.0100 | get 0.0050% / 4h | 34m 04s | $18.2M | $13.1M | 25x |
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDTFunding 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
- $85.26
- Price spread: +0.042% → 0.000%
- $4.17
- 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
- $71.44
- Costs to cover
- 0.180%
- Break-even
- 1.1 days
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 | 0.69 bp | 13.6 bp −$14 | 39.6 bp −$396 | 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.
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0335% | 4h | 0.7188 | −0.028% | $83K | $164K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUALlong | −0.0306% | 1h | 0.7190 | long leg | $42K | $18K | 10x | |
| Orderly PERP_ETHFI_USDC | −0.0190% | 4h | 0.7189 | −0.014% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0028% | 8h | 0.7188 | −0.021% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.695% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0038% | 4h | 0.7190 | 0.000% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0038% | 4h | 0.7194 | +0.056% | $25.0M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7193 | +0.037% | $93K | $493K | 10x | as long as short |
| Aster ETHFIUSDT | +0.0050% | 4h | 0.7199 | +0.118% | $184K | $262K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7185 | −0.068% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Aster ETHFIUSDT
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7202 | +0.164% | $1.1M | $897K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7204 | +0.197% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7193 | +0.042% | $18.2M | $13.1M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7199 | +0.125% | $4.9M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7195 | +0.070% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7190 | 0.000% | $1.2M | $272K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7191 | +0.014% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7192 | +0.028% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7192 | +0.023% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7195 | +0.072% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7193 | +0.042% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0153% | 4h | 0.7185 | −0.070% | $1.3M | $290K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.654% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0550% | 1h | 0.7199 | +0.127% | $277K | $161K | 20x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD