Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.035%
Price spread now: Bybit against Deribit+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.022% dearer against Deribit than usual: you sell high and buy low, +$2 on $10k if it 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 | Deribit SPY_USDC-PERPETUAL | 773.88 | 0 | get 0.0000% / 1h | 39m 15s | $23K | $54K | 20x |
| Short | Bybit SPYUSDT | 774.05 | 0 | get 0.0000% / 8h | 39m 15s | $6.2M | $1.6M | 100x |
Deribit SPY_USDC-PERPETUAL
Bybit SPYUSDTFunding 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
- $0
- Price spread: +0.022% → 0.000%
- $2.2
- 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
- −$15.8
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 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, 4 min ago | 0.06 bp | 6.7 bp −$7 | 10.4 bp −$104 | 30.5 bp −$3,054 | 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.
SPY on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SPYUSDT | −0.0186% | 1h | 773.21 | −0.087% | $164K | $25K | 50x | as long as short |
| Phoenix SPY | −0.0155% | 1h | 773.84 | −0.005% | $161K | $254K | 20x | as long as short |
| BloFin SPY-USDT | −0.0120% | 8h | 774.10 | +0.028% | $417K | $446K | 50x | as long as short |
| Aster SPYUSDT | 0.0000% | 8h | 774.26 | +0.049% | $863K | $193K | 20x | as long as short |
| Binance SPYUSDT | 0.0000% | 8h | 774.20 | +0.042% | $28.6M | $76.0M | 50x | as long as short |
| Bybit SPYUSDTshort | 0.0000% | 8h | 774.05 | +0.022% | $6.2M | $1.6M | 100x | |
| OKX SPY-USDT-SWAP | 0.0000% | 8h | 774.28 | +0.052% | $7.9M | $3.3M | 50x | as long as short |
| Gate SPY_USDT | 0.0000% | 8h | 773.82 | −0.008% | $770K | $2.4M | 75x | as long as short |
| MEXC SPY_USDT | 0.0000% | 8h | 774.25 | +0.048% | $29.7M | $11.8M | 100x | as long as short |
| Bitget SPYUSDT | 0.0000% | 8h | 774.50 | +0.080% | $10.9M | $1.6M | 50x | as long as short |
ApeX Omni SPYUSDT
Phoenix SPY
BloFin SPY-USDT
Aster SPYUSDT
Binance SPYUSDT
OKX SPY-USDT-SWAP
Gate SPY_USDT
MEXC SPY_USDT
Bitget SPYUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SPY_USDT_Perp | 0.0000% | 8h | 774.38 | +0.064% | $169K | $364K | 10x | as long as short |
| SunX SPY-USDT | 0.0000% | 8h | 775.39 | +0.195% | $2K | $1.3M | 10x | as long as short |
| Deribit SPY_USDC-PERPETUALlong | 0.0000% | 1h | 773.88 | long leg | $23K | $54K | 20x | |
| HTX SPY-USDT | 0.0000% | 8h | 774.46 | +0.075% | $300K | $38K | 50x | as long as short |
| Nado SPY-PERP | +0.0009% | 1h | 774.01 | +0.017% | $1.6M | $245K | 20x | as long as short |
| RISEx SPY/USDC | +0.0014% | 1h | 774.52 | +0.083% | $7.1M | $4.1M | 25x | as long as short |
| Coinbase International SPY-PERP-INTX | +0.0024% | 1h | 773.92 | +0.005% | $950K | $530K | 20x | as long as short |
| Lighter RH SPY | +0.0032% | 1h | 774.47 | +0.076% | $56.8M | $118.3M | 50x | as long as short |
| Arcus SPY-USD | +0.0040% | 1h | 773.67 | −0.027% | $926K | $1.4M | 50x | as long as short |
| Vest SPY-USD-PERP | +0.0046% | 1h | 773.18 | −0.090% | — | $123K | 50x | as long as short |
| Ondo Perps SPY-USD.P | +0.0050% | 1h | 773.49 | −0.050% | $4.8M | $866K | 20x | as long as short |
| Lighter SPY | +0.0072% | 1h | 774.27 | +0.050% | $8.1M | $17.7M | 50x | as long as short |
| KuCoin SPYUSDTM | +0.0100% | 8h | 773.67 | −0.027% | $2.5M | $1.0M | 20x | as long as short |
| Orderly PERP_SPY_USDC_mythos | +0.0100% | 8h | 774.14 | +0.034% | $1K | — | 20x | as long as short |
| Aevo SPY-PERP | +0.0104% | 1h | 773.68 | −0.026% | $87K | — | 10x | as long as short |
| GMX SPY/USD [ETH-USDC] | L +0.0209% / S −0.0429% | 1h | 774.25 | +0.048% | $10K | — | 26x | as long as short |
| edgeX SPYUSDC | +0.0837% | 4h | 774.25 | +0.048% | $640K | $241K | 20x | as long as short |
GRVT SPY_USDT_Perp
SunX SPY-USDT
HTX SPY-USDT
Nado SPY-PERP
RISEx SPY/USDC
Coinbase International SPY-PERP-INTX
Lighter RH SPY
Arcus SPY-USD
Vest SPY-USD-PERP
Ondo Perps SPY-USD.P
Lighter SPY
KuCoin SPYUSDTM
Orderly PERP_SPY_USDC_mythos
Aevo SPY-PERP
GMX SPY/USD [ETH-USDC]
edgeX SPYUSDC