Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0396%/8h= −43.3% APRpaid last 24h −0.126%

Price spread now: Bybit against Deribit−0.004%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BE_USDC-PERPETUAL	275.47	0.0477	pay 0.0060% / 1h	49m 47s	$7K	$4K	10x
Short	Bybit BEUSDT	275.46	0.0081	get 0.0081% / 8h	4h 49m	$2.0M	$1.2M	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BybitbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$83.09
Price spread: −0.004% → 0.000%: −$0.36
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: −$101.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 2 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, 2 min ago	2.72 bp	17.0 bp −$17	129.0 bp −$1,290	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.

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
Aster BEUSDT	0.0000%	8h	275.30	−0.063%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.20	−0.098%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.50	+0.011%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.67	+0.074%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.63	+0.058%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.62	+0.054%	$13K	$34K	20x	as long as short
Lighter BE	+0.0032%	1h	275.24	−0.083%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.34	−0.047%	$251K	$289K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.868%	$473K	$129K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.36	−0.040%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.55	+0.029%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.28	−0.069%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	275.50	+0.011%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0076%	8h	275.44	−0.011%	$8.5M	$36.3M	25x	as long as short
Extended BE-USD	+0.0080%	1h	275.42	−0.019%	$46K	$259K	10x	as long as short
Bybit BEUSDTshort	+0.0081%	8h	275.46	−0.004%	$2.0M	$1.2M	25x
KuCoin BEUSDTM	+0.0100%	8h	275.36	−0.040%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.42	−0.017%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0131%	8h	275.60	+0.047%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0197%	8h	275.53	+0.022%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUALlong	+0.0477%	1h	275.47	long leg	$7K	$4K	10x