Funding you earn now, next payment 04:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h −0.051%
Price spread now: Deribit against Bybit+0.132%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.132% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALTUSDT | 0.007604 | 0.0100 | pay 0.0050% / 4h | 23m 41s | $1.2M | $1.8M | 25x |
| Short | Deribit ALT_USDC-PERPETUAL | 0.007614 | 0.0276 | get 0.0034% / 1h | 23m 41s | — | $0 | 25x |
Bybit ALTUSDT
Deribit ALT_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
- $36.88
- Price spread: +0.132% → 0.000%
- $13.15
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $32.03
- Costs to cover
- 0.180%
- Break-even
- 0.9 days
Slippage unknown: Bybit: live order book, 3 min ago; Deribit: no order-book sample. 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 Bybit live order book, 3 min ago | 5.92 bp | 23.3 bp −$23 | 128.4 bp −$1,284 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALT | +0.0100% | 1h | 0.007601 | −0.039% | $1.1M | $186K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007609 | +0.065% | $2.6M | $3.8M | 50x | as long as short |
| Bybit ALTUSDTlong | +0.0100% | 4h | 0.007604 | long leg | $1.2M | $1.8M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007606 | +0.026% | $51K | $414K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007608 | +0.053% | $385K | $187K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007608 | +0.053% | $151K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007595 | −0.118% | $597K | $113K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007608 | +0.053% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007595 | −0.117% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0154% | 4h | 0.007600 | −0.053% | $172K | $10K | 50x | as long as short |
Hyperliquid ALT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALT
BloFin ALT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUALshort | +0.0276% | 1h | 0.007614 | +0.132% | — | $0 | 25x | |
| Kraken Futures PF_ALTUSD | +0.0314% | 1h | 0.007612 | +0.109% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0456% | 1h | 0.007600 | −0.053% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007691 | +1.144% | $837 | $4K | 5.5x | as long as short |
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP