Funding you earn now, next payment 09:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.186%
Price spread now: Bybit against Deribit+0.020%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.020%, 7d avg −0.073%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.094% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9889 | −0.0154 | get 0.0019% / 1h | 31m 55s | $170K | $23K | 25x |
| Short | Bybit FILUSDT | 0.9891 | 0.0056 | get 0.0056% / 8h | 7h 31m | $15.3M | $20.3M | 25x |
Deribit FIL_USDC-PERPETUAL
Bybit FILUSDTFunding 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
- $44.15
- Price spread: +0.020% → −0.073%
- $9.36
- Slippage, 4 orders
- −$35.44
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $0.07
- Costs to cover
- 0.534%
- Break-even
- 7.0 days
Slippage from Deribit: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 6.07 bp | 18.7 bp −$19 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.51 bp | 11.1 bp −$11 | 47.9 bp −$479 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUALlong | −0.0154% | 1h | 0.9889 | long leg | $170K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0056% | 1h | 0.9870 | −0.192% | $351K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9879 | −0.106% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9888 | −0.008% | $57K | $596 | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.344% | $2K | $240K | 12x | as long as short |
| Bybit FILUSDTshort | +0.0056% | 8h | 0.9891 | +0.020% | $15.3M | $20.3M | 25x | |
| KuCoin FILUSDTM | +0.0087% | 8h | 0.9887 | −0.020% | $7.0M | $7.8M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9881 | −0.083% | $144K | $345K | 5x | as long as short |
| Kraken Futures PF_FILUSD | +0.0098% | 1h | 0.9888 | −0.006% | $1.4M | $2.1M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9891 | +0.025% | $8.3M | $9.4M | 5x | 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
Kraken Futures PF_FILUSD
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9896 | +0.072% | $504K | $552K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9894 | +0.051% | $56.3M | $183.3M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9888 | −0.010% | $17.7M | $105.7M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9890 | +0.010% | $8.4M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9886 | −0.030% | $229K | $99K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9888 | −0.010% | $11.2M | $19.4M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9891 | +0.020% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9901 | +0.120% | $441K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9905 | +0.157% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9904 | +0.151% | $297K | $1.5M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.313% | $23K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9889 | −0.002% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.091% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9884 | −0.051% | $479 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9886 | −0.030% | $620K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9880 | −0.091% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9887 | −0.017% | $697K | $4.2M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9875 | −0.142% | $2.6M | $646K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0600% / S −0.0280% | 1h | 0.9878 | −0.111% | $264K | — | 100x | as long as short |
Aster FILUSDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]