Funding you earn now, next payment 08:00 UTC−0.0959%/8h= −105.0% APRpaid last 24h —
Price spread now: Bybit against Deribit+0.058%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.058% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 5 hours. 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 | Deribit OPN_USDC-PERPETUAL | 0.05201 | 0.1059 | pay 0.0132% / 1h | 23m 40s | — | $203 | 10x |
| Short | Bybit OPNUSDT | 0.05204 | 0.0100 | get 0.0050% / 4h | 23m 40s | $737K | $3.2M | 20x |
Deribit OPN_USDC-PERPETUAL
Bybit OPNUSDTFunding 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
- −$201.42
- Price spread: +0.058% → 0.000%
- $5.77
- 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
- −$213.65
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 9 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, 9 min ago | 2.86 bp | 22.8 bp −$23 | doesn't fit | 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.
OPN on 15 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 OPNUSDT | +0.0100% | 4h | 0.05200 | −0.010% | $8K | $18K | 5x | as long as short |
| Binance OPNUSDT | +0.0100% | 4h | 0.05200 | −0.015% | $3.7M | $6.6M | 25x | as long as short |
| Bybit OPNUSDTshort | +0.0100% | 4h | 0.05204 | +0.058% | $737K | $3.2M | 20x | |
| OKX OPN-USDT-SWAP | +0.0100% | 4h | 0.05205 | +0.077% | $815K | $3.1M | 20x | as long as short |
| MEXC OPN_USDT | +0.0100% | 4h | 0.05193 | −0.154% | $827K | $325K | 50x | as long as short |
| KuCoin OPNUSDTM | +0.0100% | 4h | 0.05198 | −0.058% | $135K | $65K | 25x | as long as short |
| Bitget OPNUSDT | +0.0100% | 4h | 0.05195 | −0.115% | $594K | $177K | 20x | as long as short |
| BingX OPN-USDT | +0.0100% | 4h | 0.05197 | −0.077% | — | $1.7M | — | as long as short |
| Orderly PERP_OPN_USDC_mythos | +0.0100% | 4h | 0.05190 | −0.211% | $3K | $5K | 10x | as long as short |
| SunX OPN-USDT | +0.0100% | 4h | 0.05310 | +2.096% | $1K | $1.5M | 20x | as long as short |
Aster OPNUSDT
Binance OPNUSDT
OKX OPN-USDT-SWAP
MEXC OPN_USDT
KuCoin OPNUSDTM
Bitget OPNUSDT
BingX OPN-USDT
Orderly PERP_OPN_USDC_mythos
SunX OPN-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPN-USDT | +0.0138% | 4h | 0.05227 | +0.500% | $188K | $5K | 50x | as long as short |
| Gate OPN_USDT | +0.0164% | 4h | 0.05200 | −0.019% | $212K | $176K | 50x | as long as short |
| Deribit OPN_USDC-PERPETUALlong | +0.1059% | 1h | 0.05201 | long leg | — | $203 | 10x | |
| Coinbase International OPN-PERP-INTX | +0.2488% | 1h | 0.05365 | +3.157% | $14K | $6K | 50x | as long as short |
| Kraken Futures PF_OPNUSD | +0.2895% | 1h | 0.05221 | +0.387% | $4K | $6K | 20x | as long as short |
BloFin OPN-USDT
Gate OPN_USDT
Coinbase International OPN-PERP-INTX
Kraken Futures PF_OPNUSD