Funding you earn now, next payment 03:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.106%
Price spread now: Bybit against Deribit+0.117%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs+$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 7 days+1.086%+$109 on $10k
+Price spread, last 3 days (all we have)−0.245%−$24 · spread now +0.117%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bybit is 0.164% dearer against Deribit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1110 | −0.0380 | get 0.0047% / 1h | 54m 55s | $100K | $49K | 25x |
| Short | Bybit ALGOUSDT | 0.1111 | 0.0100 | get 0.0100% / 8h | 5h 54m | $11.4M | $12.2M | 75x |
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDTFunding 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
- $100.8
- Price spread: +0.117% → −0.047%
- $16.37
- Slippage, 4 orders
- −$46.44
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $52.73
- Costs to cover
- 0.644%
- Break-even
- 3.3 days
Slippage from Deribit: live order book, 8 min ago; Bybit: live order book, 3 min ago.
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 live order book, 8 min ago | 7.63 bp | 13.8 bp −$14 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.16 bp | 16.2 bp −$16 | 38.6 bp −$386 | doesn't fit | doesn't fit |
ALGO 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUALlong | −0.0380% | 1h | 0.1110 | long leg | $100K | $49K | 25x | |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1111 | +0.104% | $17K | — | 150x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1114 | +0.360% | $70K | $281K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.937% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0076% | 8h | 0.1114 | +0.393% | $60K | $12K | — | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.168% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.144% | $9.8M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDTshort | +0.0100% | 8h | 0.1111 | +0.117% | $11.4M | $12.2M | 75x | |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1111 | +0.153% | $2.9M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | +0.126% | $869K | $847K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Variational Omni ALGO
Aster ALGOUSDT
Binance ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1111 | +0.126% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1111 | +0.135% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1111 | +0.126% | $5.5M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1111 | +0.099% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1111 | +0.099% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1113 | +0.306% | $3.8M | $1.8M | 50x | as long as short |
| Hyperliquid ALGO | +0.0104% | 1h | 0.1113 | +0.279% | $3.7M | $2.0M | 5x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1111 | +0.081% | $4K | $232K | 10x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1110 | +0.073% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0356% | 1h | 0.1111 | +0.099% | $822K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2048% | 1h | 0.1112 | +0.246% | $160K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Hyperliquid ALGO
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD