Funding you earn now, next payment 03:00 UTC+0.3998%/8h= +437.8% APRpaid last 24h —
Price spread now: Deribit against Bybit+0.289%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$120 a day on $10k at the current rate, and Deribit is 0.289% dearer against Bybit than usual: you sell high and buy low: +$29 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 | Bybit TOWNSUSDT | 0.002073 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $374K | $114K | 5x |
| Short | Deribit TOWNS_USDC-PERPETUAL | 0.002079 | 0.4098 | get 0.0512% / 1h | 40m 21s | — | — | 25x |
Bybit TOWNSUSDT
Deribit TOWNS_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
- $839.54
- Price spread: +0.289% → 0.000%
- $28.94
- 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
- $850.49
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 14 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, 14 min ago | 9.67 bp | 1269.4 bp −$1,269 | 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.
TOWNS on 12 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 TOWNSUSDT | +0.0100% | 4h | 0.002073 | −0.015% | $10K | $6K | 5x | as long as short |
| Bybit TOWNSUSDTlong | +0.0100% | 4h | 0.002073 | long leg | $374K | $114K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002073 | 0.000% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002073 | +0.005% | $194 | $555 | — | as long as short |
| BloFin TOWNS-USDT | +0.0145% | 4h | 0.002075 | +0.096% | $132K | $5K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0196% | 4h | 0.002072 | −0.048% | $401K | $121K | 100x | as long as short |
| Binance TOWNSUSDT | +0.0200% | 4h | 0.002072 | −0.048% | $2.0M | $1.3M | 10x | as long as short |
| KuCoin TOWNSUSDTM | +0.0376% | 4h | 0.002076 | +0.145% | $248K | $30K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0434% | 4h | 0.002071 | −0.096% | $338K | $47K | 5x | as long as short |
| BingX TOWNS-USDT | +0.0438% | 4h | 0.002074 | +0.048% | — | $2.3M | — | as long as short |
Aster TOWNSUSDT
Gate TOWNS_USDT
Variational Omni TOWNS
BloFin TOWNS-USDT
MEXC TOWNS_USDT
Binance TOWNSUSDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.1192% | 1h | 0.002074 | +0.048% | $77K | $4K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUALshort | +0.4098% | 1h | 0.002079 | +0.289% | — | — | 25x |
Coinbase International TOWNS-PERP-INTX