Funding you earn now, next payment 04:00 UTC−0.0376%/8h= −41.2% APRpaid last 24h —
Price spread now: Bybit against Deribit−0.247%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.247% cheaper against Deribit than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Deribit DYDX_USDC-PERPETUAL | 0.1378 | 0.0476 | pay 0.0060% / 1h | 24m 35s | — | — | 25x |
| Short | Bybit DYDXUSDT | 0.1375 | 0.0100 | get 0.0100% / 8h | 4h 24m | $4.6M | $2.5M | 75x |
Deribit DYDX_USDC-PERPETUAL
Bybit DYDXUSDTFunding 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
- −$79.01
- Price spread: −0.247% → 0.000%
- −$24.67
- 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
- −$121.68
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 3 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, 3 min ago | 4.00 bp | 37.7 bp −$38 | 212.6 bp −$2,126 | 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.
DYDX 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0539% | 1h | 0.1376 | −0.145% | $6K | $52K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1377 | −0.080% | $62K | $48K | 5x | as long as short |
| Hyperliquid DYDX | +0.0100% | 1h | 0.1379 | +0.058% | $2.1M | $720K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1377 | −0.109% | $5K | $11K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1377 | −0.078% | $5.3M | $8.3M | 75x | as long as short |
| Bybit DYDXUSDTshort | +0.0100% | 8h | 0.1375 | −0.247% | $4.6M | $2.5M | 75x | |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1377 | −0.080% | $2.2M | $3.3M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1376 | −0.181% | $389K | $476K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1377 | −0.073% | $3.0M | $809K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1377 | −0.073% | $2.3M | $3.7M | 50x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Hyperliquid DYDX
Aster DYDXUSDT
Binance DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1377 | −0.073% | $1.4M | $1.1M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1376 | −0.145% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1377 | −0.092% | $1K | $112K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1379 | +0.085% | $50K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0108% | 8h | 0.1376 | −0.145% | $298K | $12K | 75x | as long as short |
| Arcus DYDX-USD | +0.0162% | 1h | 0.1380 | +0.145% | $53K | $20K | 5x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1377 | −0.102% | $934 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUALlong | +0.0476% | 1h | 0.1378 | long leg | — | — | 25x | |
| Kraken Futures PF_DYDXUSD | +0.0552% | 1h | 0.1378 | +0.014% | $310K | $352K | 20x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0856% | 1h | 0.1380 | +0.145% | $17K | $37K | 50x | as long as short |
| dYdX DYDX-USD | +0.2821% | 1h | 0.1375 | −0.236% | $78K | $2K | 5x | as long as short |
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
Arcus DYDX-USD
GMX DYDX/USD [WBTC.b-USDC]
Kraken Futures PF_DYDXUSD
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD