Funding you earn now, next payment 08:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −0.175%
Price spread now: Deribit against Bybit+0.101%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.101%, 7d avg +0.077%
=The price spread pays, funding is against you. Deribit is 0.024% dearer against Bybit than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.077%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9930 | 0.0091 | pay 0.0091% / 8h | 13m 43s | $15.5M | $20.4M | 25x |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9940 | −0.0152 | pay 0.0019% / 1h | 13m 43s | $171K | $23K | 25x |
Bybit FILUSDT
Deribit FIL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- −$50.99
- Price spread: +0.101% → +0.077%
- $2.37
- Slippage, 4 orders
- −$34.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$100.85
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Deribit: live order book, 25 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 Bybit live order book, 5 min ago | 0.50 bp | 12.3 bp −$12 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 25 min ago | 6.07 bp | 11.6 bp −$12 | 19.6 bp −$196 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0176% | 1h | 0.9936 | +0.060% | $355K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUALshort | −0.0152% | 1h | 0.9940 | +0.101% | $171K | $23K | 25x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9933 | +0.031% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9937 | +0.074% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.755% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0087% | 8h | 0.9937 | +0.070% | $7.1M | $7.8M | 50x | as long as short |
| Bybit FILUSDTlong | +0.0091% | 8h | 0.9930 | long leg | $15.5M | $20.4M | 25x | |
| Lighter FIL | +0.0096% | 1h | 0.9930 | −0.003% | $145K | $359K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9934 | +0.043% | $8.3M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9936 | +0.060% | $506K | $557K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
Lighter FIL
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9934 | +0.037% | $56.1M | $183.8M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9931 | +0.010% | $17.7M | $108.0M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9936 | +0.060% | $8.3M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9933 | +0.030% | $230K | $101K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9930 | 0.000% | $11.0M | $19.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9933 | +0.030% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9916 | −0.141% | $442K | $281K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9912 | −0.179% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9900 | −0.300% | $287K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9910 | −0.201% | $27K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9943 | +0.136% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9930 | 0.000% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9932 | +0.020% | $475 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9942 | +0.121% | $619K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | −0.101% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9932 | +0.023% | $697K | $4.2M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0197% | 1h | 0.9936 | +0.060% | $1.4M | $2.1M | 50x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9930 | 0.000% | $2.6M | $672K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0603% / S −0.0280% | 1h | 0.9922 | −0.082% | $265K | — | 100x | as long as short |
Binance FILUSDT
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
Kraken Futures PF_FILUSD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]