Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%
Price spread now: Bybit against Deribit−0.276%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 3 days (all we have)−0.601%−$60 · spread now −0.276%, 7d avg −0.115%
=Funding pays, the price is against you. Bybit is 0.161% cheaper against Deribit than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of −0.115%). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit APT_USDC-PERPETUAL | 0.7958 | 0 | get 0.0000% / 1h | 47m 49s | $14K | $413K | 50x |
| Short | Bybit APTUSDT | 0.7936 | 0.0100 | get 0.0100% / 8h | 47m 49s | $29.5M | $36.2M | 50x |
Deribit APT_USDC-PERPETUAL
Bybit APTUSDTFunding 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
- $21
- Price spread: −0.276% → −0.115%
- −$16.14
- Slippage, 4 orders
- −$22.57
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$35.71
- Costs to cover
- 0.406%
- Break-even
- 18.9 days
Slippage from Deribit: live order book, 31 min ago; Bybit: live order book, 1 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, 31 min ago | 4.46 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.63 bp | 9.9 bp −$10 | 22.6 bp −$226 | 74.9 bp −$7,492 | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0400% | 1h | 0.7960 | +0.028% | $552K | $634K | 50x | as long as short |
| 01 Exchange APTUSD | −0.0304% | 1h | 0.7943 | −0.188% | $2K | — | 5x | as long as short |
| Variational Omni APT | −0.0056% | 8h | 0.7941 | −0.220% | $517K | $320K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0014% | 8h | 0.7958 | 0.000% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7959 | +0.007% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALlong | 0.0000% | 1h | 0.7958 | long leg | $14K | $413K | 50x | |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.237% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7956 | −0.025% | $435K | $353K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7952 | −0.073% | $310K | $465K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7945 | −0.163% | $29.5M | $98.5M | 75x | as long as short |
Kraken Futures PF_APTUSD
01 Exchange APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Injective APT/USDC PERP
Lighter APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7936 | −0.276% | $29.5M | $36.2M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7936 | −0.276% | $6.2M | $24.2M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7949 | −0.113% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7959 | +0.013% | $28.9M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7942 | −0.201% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7940 | −0.226% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7944 | −0.176% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7957 | −0.013% | $200K | $368K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7950 | −0.101% | $66K | $569K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7944 | −0.176% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7956 | −0.025% | $77 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7947 | −0.138% | $268K | $139K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7939 | −0.238% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7958 | −0.006% | $25K | — | 3x | as long as short |
| Hyperliquid APT | +0.0166% | 1h | 0.7952 | −0.075% | $6.1M | $5.4M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7955 | −0.032% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7952 | −0.075% | $1.5M | $807K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.7950 | −0.101% | $211K | $570K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7955 | −0.043% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1467% | 1h | 0.7950 | −0.101% | $56K | $5K | 10x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD