Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: Deribit against Bybit+0.020%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 4 days (all we have)−0.289%−$29 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.020%, 7d avg +0.006%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BZUSDT | 97.730 | 0 | get 0.0000% / 8h | 1h 25m | $10.4M | $13.1M | 100x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.750 | 0 | get 0.0000% / 1h | 25m 46s | $100K | $252K | 15x |
Bybit BZUSDT
Deribit BRENTOIL_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
- $0
- Price spread: +0.020% → +0.006%
- $1.43
- Slippage, 4 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$25.57
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Deribit: live order book, 18 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, 2 min ago | 0.51 bp | 8.8 bp −$9 | 10.9 bp −$109 | 100.9 bp −$10.1K | doesn't fit |
| Sell Deribit live order book, 18 min ago | 0.51 bp | 4.0 bp −$4 | 6.5 bp −$65 | doesn't fit | doesn't fit |
BZ on 31 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 BRENT/USDC PERP | −0.0220% | 1h | 97.018 | −0.729% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | +0.082% | $236K | $417K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.744 | +0.014% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.750 | +0.020% | $147.9M | $349.4M | 100x | as long as short |
| Bybit BZUSDTlong | 0.0000% | 8h | 97.730 | long leg | $10.4M | $13.1M | 100x | |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.740 | +0.010% | $16.1M | $19.7M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.748 | +0.018% | $2.4M | $1.7M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 97.810 | +0.082% | $34K | — | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.710 | −0.020% | $9.3M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.760 | +0.031% | $27.9M | $17.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 97.748 | +0.018% | $9.4M | $6.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.782 | +0.053% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.800 | +0.072% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | 0.0000% | 1h | 97.750 | +0.020% | $100K | $252K | 15x | |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.690 | −0.041% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 98.010 | +0.287% | $1.2M | $86K | 100x | as long as short |
| edgeX BZUSDC | +0.0008% | 4h | 97.739 | +0.009% | $225K | $227K | 20x | as long as short |
| Vest BZ-PERP | +0.0010% | 1h | 101.91 | +4.277% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.315 | +0.598% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.750 | +0.020% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.771 | +0.041% | $682K | $3.3M | 10x | as long as short |
| BloFin BZ-USDT | +0.0050% | 4h | 97.710 | −0.020% | $1.5M | $97K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.740 | +0.010% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.747 | +0.017% | $155.1M | $116.3M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.817 | +0.089% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.690 | −0.041% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0084% | 1h | 97.814 | +0.086% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.770 | +0.041% | $3.8M | $808K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.730 | 0.000% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.779 | +0.050% | $82K | $206K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.825 | +0.097% | $116K | — | 111x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
BloFin BZ-USDT
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]