Settings8H · net · $10k
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Funding arb · Price arb /

FIL

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0683%/8h= +74.7% APRpaid last 24h +0.095%
Price spread now: Bybit against Deribit−0.010%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Long on DeribitShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.241%+$24 on $10k
Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.010%, 7d avg −0.081%
Together, before fees+0.219%+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.070% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.081%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.241% in total (about 12.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit FIL_USDC-PERPETUAL0.9759−0.0774get 0.0097% / 1h47m 39s$168K$23K25x
ShortBybit FILUSDT0.9758−0.0091pay 0.0091% / 8h2h 47m$15.3M$18.0M25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$143.35
Price spread: −0.010% → −0.081%
$7.04
Slippage, 4 orders
−$39.81
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$92.58
Costs to cover
0.578%
Break-even
2.5 days
Slippage from Deribit: live order book, 40 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 40 min ago8.69 bp15.2 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago0.51 bp16.6 bp −$1751.3 bp −$513279.3 bp −$27.9Kdoesn't fit

FIL on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FIL_USDC-PERPETUALlong−0.0774%1h0.9759long leg$168K$23K25x
Kraken Futures PF_FILUSD−0.0628%1h0.9757−0.022%$1.4M$2.2M50xas long as short
Lighter FIL−0.0592%1h0.9749−0.105%$156K$332K5xas long as short
Coinbase International FIL-PERP-INTX−0.0328%1h0.9755−0.041%$312K$1.9M50xas long as short
Bybit FILUSDTshort−0.0091%8h0.9758−0.010%$15.3M$18.0M25x
Variational Omni FIL−0.0048%8h0.9723−0.374%$434K$273K—as long as short
Bitget FILUSDT−0.0028%8h0.9753−0.061%$10.7M$22.0M75xas long as short
Hyperliquid FIL−0.0017%1h0.9756−0.036%$8.5M$9.4M5xas long as short
gTrade (Gains Network) FIL/USDL −0.0004% / S +0.0006%1h0.9755−0.044%$24K—150xas long as short
dYdX FIL-USD0.0000%1h0.9761+0.020%$57K$2K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX FIL-USDT-SWAP+0.0014%8h0.9758−0.010%$18.0M$95.8M50xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9658−1.035%$2K$118K12xas long as short
KuCoin FILUSDTM+0.0042%8h0.9755−0.041%$7.3M$7.1M50xas long as short
Aster FILUSDT+0.0100%8h0.9759+0.003%$484K$507K20xas long as short
Binance FILUSDT+0.0100%8h0.9754−0.051%$55.8M$176.1M75xas long as short
Gate FIL_USDT+0.0100%8h0.9756−0.031%$7.7M$16.2M50xas long as short
MEXC FIL_USDC+0.0100%8h0.9755−0.041%$248K$104K50xas long as short
BingX FIL-USDC+0.0100%8h0.97590.000%—$6.5M—as long as short
edgeX FILUSDC+0.0100%4h0.9723−0.372%$45K$293K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h0.9727−0.329%$292K$809K10xas long as short
ApeX Omni FILUSDT+0.0100%1h0.9720−0.400%$41K$193K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h0.9760+0.009%$5K—10xas long as short
SunX FIL-USDT+0.0100%8h0.9740−0.195%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9751−0.082%$471$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9760+0.010%$614K$5.7M75xas long as short
Phemex FILUSDT+0.0100%8h0.9750−0.092%$1.0M$2.2M50xas long as short
Extended FIL-USD+0.0104%1h0.9755−0.040%$678K$2.3M10xas long as short
BloFin FIL-USDT+0.0220%8h0.9735−0.246%$2.6M$617K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0611% / S −0.0849%1h0.9752−0.070%$206K—100xas long as short