Funding you earn now, next payment 00:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h +0.064%
Price spread now: Deribit against Bybit+0.183%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—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 +$9 a day on $10k at the current rate, and Deribit is 0.183% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). 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 BEUSDT | 273.77 | 0 | get 0.0000% / 8h | 7h 59m | $2.0M | $1.2M | 25x |
| Short | Deribit BE_USDC-PERPETUAL | 274.27 | 0.0297 | get 0.0037% / 1h | 59m 35s | $7K | $4K | 10x |
Bybit BEUSDT
Deribit BE_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
- $62.41
- Price spread: +0.183% → 0.000%
- $18.26
- 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
- $62.68
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 7 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, 7 min ago | 3.83 bp | 18.3 bp −$18 | 187.2 bp −$1,872 | 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.
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BE | −0.0114% | 1h | 274.09 | +0.117% | $5.9M | $2.9M | 10x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 274.54 | +0.280% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDTlong | 0.0000% | 8h | 273.77 | long leg | $2.0M | $1.2M | 25x | |
| Gate BE_USDT | 0.0000% | 8h | 274.10 | +0.121% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.07 | +0.110% | $1.7M | $2.6M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.27 | +0.183% | $1K | $2.5M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.31 | +0.197% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 273.49 | −0.102% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 273.64 | −0.047% | $249K | $298K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.01 | +0.088% | $114K | $120K | 10x | as long as short |
tradeXYZ xyz:BE
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Lighter BE
Lighter RH BE
Arcus BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BE-USD-PERP | +0.0046% | 1h | 273.98 | +0.077% | — | — | 10x | as long as short |
| QFEX BE-USD | +0.0073% | 1h | 273.77 | 0.000% | $1.3M | $3.9M | 10x | as long as short |
| Binance BEUSDT | +0.0084% | 8h | 273.97 | +0.073% | $8.5M | $36.9M | 25x | as long as short |
| Extended BE-USD | +0.0088% | 1h | 273.86 | +0.032% | $46K | $270K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0088% | 1h | 274.13 | +0.131% | $469K | $117K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.16 | +0.142% | $370K | $22K | 20x | as long as short |
| GRVT BE_USDT_Perp | +0.0103% | 8h | 274.27 | +0.184% | $6K | $182K | 10x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.24 | +0.172% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0206% | 8h | 274.30 | +0.194% | $45K | $141K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0253% | 8h | 274.10 | +0.121% | $2.6M | $6.8M | 25x | as long as short |
| Deribit BE_USDC-PERPETUALshort | +0.0297% | 1h | 274.27 | +0.183% | $7K | $4K | 10x |
Vest BE-USD-PERP
QFEX BE-USD
Binance BEUSDT
Extended BE-USD
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
GRVT BE_USDT_Perp
Aevo BE-PERP
BloFin BE-USDT
OKX BE-USDT-SWAP