Funding you earn now, next payment 03:00 UTC+0.1748%/8h= +191.4% APRpaid last 24h —
Price spread now: Deribit against Bybit−0.054%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Deribit is 0.054% cheaper against Bybit than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$52 a day). 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 | Bybit PRLUSDT | 0.1176 | 0.0998 | pay 0.0499% / 4h | 1h 42m | $784K | $529K | 25x |
| Short | Deribit PRL_USDC-PERPETUAL | 0.1175 | 0.2745 | get 0.0343% / 1h | 42m 26s | — | — | 10x |
Bybit PRLUSDT
Deribit PRL_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
- $367.01
- Price spread: −0.054% → 0.000%
- −$5.44
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $343.57
- Costs to cover
- 0.180%
- Break-even
- 0.4 days
Slippage unknown: Bybit: live order book, 17 min ago; Deribit: no order-book sample. 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 Bybit live order book, 17 min ago | 4.26 bp | 147.7 bp −$148 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.
PRL on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PRL_USDT | +0.0100% | 4h | 0.1175 | −0.051% | $99K | $64K | 20x | as long as short |
| Bitget PRLUSDT | +0.0100% | 4h | 0.1172 | −0.340% | $831K | $391K | 20x | as long as short |
| SunX PRL-USDT | +0.0100% | 4h | 0.1174 | −0.170% | $2K | $1.1M | 20x | as long as short |
| KuCoin PRLUSDTM | +0.0478% | 4h | 0.1175 | −0.077% | $1.5M | $243K | 20x | as long as short |
| MEXC PRL_USDT | +0.0502% | 4h | 0.1176 | 0.000% | $470K | $171K | 20x | as long as short |
| Extended PRL-USD | +0.0504% | 1h | 0.1175 | −0.112% | $3K | $156K | 5x | as long as short |
| Binance PRLUSDT | +0.0514% | 4h | 0.1176 | −0.011% | $2.1M | $2.3M | 20x | as long as short |
| Aster PRLUSDT | +0.0541% | 4h | 0.1174 | −0.133% | $6K | $614 | 5x | as long as short |
| Coinbase International PRL-PERP-INTX | +0.0632% | 1h | 0.1184 | +0.668% | $17K | $12K | 50x | as long as short |
| BloFin PRL-USDT | +0.0914% | 4h | 0.1172 | −0.340% | $135K | $14K | 25x | as long as short |
Gate PRL_USDT
Bitget PRLUSDT
SunX PRL-USDT
KuCoin PRLUSDTM
MEXC PRL_USDT
Extended PRL-USD
Binance PRLUSDT
Aster PRLUSDT
Coinbase International PRL-PERP-INTX
BloFin PRL-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PRL-USDT | +0.0964% | 4h | 0.1174 | −0.170% | — | $1.6M | — | as long as short |
| Bybit PRLUSDTlong | +0.0998% | 4h | 0.1176 | long leg | $784K | $529K | 25x | |
| Deribit PRL_USDC-PERPETUALshort | +0.2745% | 1h | 0.1175 | −0.054% | — | — | 10x |
BingX PRL-USDT