Funding you earn now, next payment 05:00 UTC−0.4446%/8h= −486.9% APRpaid last 24h —
Price spread now: Bybit against Deribit−0.334%7-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
Both sides work against this trade now: funding costs −$133 a day on $10k at the current rate, and Bybit is 0.334% cheaper against Deribit than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TOWNS_USDC-PERPETUAL | 0.002095 | 0.4546 | pay 0.0568% / 1h | 12m 16s | — | — | 25x |
| Short | Bybit TOWNSUSDT | 0.002088 | 0.0100 | get 0.0050% / 4h | 3h 12m | $384K | $116K | 5x |
Deribit TOWNS_USDC-PERPETUAL
Bybit TOWNSUSDTFunding 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
- −$933.69
- Price spread: −0.334% → 0.000%
- −$33.41
- 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
- −$985.11
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 32 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, 32 min ago | 7.16 bp | 721.1 bp −$721 | 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.
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 | 0.002088 | −0.345% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDT | +0.0100% | 4h | 0.002088 | −0.334% | $2.0M | $1.3M | 10x | as long as short |
| Bybit TOWNSUSDTshort | +0.0100% | 4h | 0.002088 | −0.334% | $384K | $116K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002091 | −0.191% | $71K | $15K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002088 | −0.334% | $436K | $127K | 100x | as long as short |
| KuCoin TOWNSUSDTM | +0.0100% | 4h | 0.002089 | −0.286% | $249K | $31K | 10x | as long as short |
| Bitget TOWNSUSDT | +0.0100% | 4h | 0.002091 | −0.191% | $343K | $39K | 5x | as long as short |
| BingX TOWNS-USDT | +0.0100% | 4h | 0.002087 | −0.382% | — | $2.3M | — | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002092 | −0.137% | $195 | $549 | — | as long as short |
| BloFin TOWNS-USDT | +0.0134% | 4h | 0.002093 | −0.095% | $132K | $4K | 10x | as long as short |
Aster TOWNSUSDT
Binance TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
KuCoin TOWNSUSDTM
Bitget TOWNSUSDT
BingX TOWNS-USDT
Variational Omni TOWNS
BloFin TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.0328% | 1h | 0.002074 | −1.002% | $77K | $3K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUALlong | +0.4546% | 1h | 0.002095 | long leg | — | — | 25x |
Coinbase International TOWNS-PERP-INTX