Funding you earn now, next payment 01:00 UTC+0.1249%/8h= +136.8% APRpaid last 24h +0.146%
Price spread now: Bybit against Deribit−0.124%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs+$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days+0.841%+$84 on $10k
+Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.124%, 7d avg −0.100%
=Funding pays, the price is against you. Bybit is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.100%). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.841% in total) that is about 5 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.841% in total (about 43.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.2135 | −0.1149 | get 0.0144% / 1h | 11m 10s | $222K | $116K | 50x |
| Short | Bybit DOTUSDT | 1.2120 | 0.0100 | get 0.0100% / 8h | 7h 11m | $25.1M | $18.7M | 75x |
Deribit DOT_USDC-PERPETUAL
Bybit DOTUSDTFunding 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
- $262.29
- Price spread: −0.124% → −0.100%
- −$2.33
- Slippage, 4 orders
- −$25.58
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $216.38
- Costs to cover
- 0.436%
- Break-even
- 1.2 days
Slippage from Deribit: live order book, 62 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, 62 min ago | 5.39 bp | 9.7 bp −$10 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.41 bp | 10.5 bp −$11 | 22.4 bp −$224 | 68.9 bp −$6,894 | doesn't fit |
DOT 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 DOT_USDC-PERPETUALlong | −0.1149% | 1h | 1.2135 | long leg | $222K | $116K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2124 | −0.094% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0048% | 1h | 1.2160 | +0.206% | $209K | $1.8M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2137 | +0.016% | $146K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2128 | −0.054% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0026% | 8h | 1.2122 | −0.107% | $9.5M | $24.3M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.948% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0071% | 8h | 1.2124 | −0.091% | $6.6M | $9.1M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2125 | −0.081% | $246K | $602K | 10x | as long as short |
| Hyperliquid DOT | +0.0100% | 1h | 1.2131 | −0.033% | $5.4M | $3.4M | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOT
Hyperliquid DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOTUSDT | +0.0100% | 8h | 1.2142 | +0.056% | $883K | $695K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2123 | −0.099% | $44.7M | $83.2M | 75x | as long as short |
| Bybit DOTUSDTshort | +0.0100% | 8h | 1.2120 | −0.124% | $25.1M | $18.7M | 75x | |
| Gate DOT_USDT | +0.0100% | 8h | 1.2130 | −0.041% | $6.8M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2123 | −0.099% | $27.9M | $43.5M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2120 | −0.124% | $23.2M | $14.4M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2124 | −0.091% | — | $30.1M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2124 | −0.091% | $97K | $125K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2121 | −0.119% | $552K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2125 | −0.081% | $36K | $335K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2138 | +0.024% | $235K | $450K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2130 | −0.041% | $8K | $22K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2149 | +0.115% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2146 | +0.091% | $252K | $223K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2116 | −0.158% | $15K | $295K | 25x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0115% | 1h | 1.2133 | −0.020% | $4.5M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2128 | −0.058% | $2.2M | $798K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0304% / S −0.1012% | 1h | 1.2128 | −0.054% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0498% | 8h | 1.2150 | +0.124% | $2.3M | $2.1M | 50x | as long as short |
Aster DOTUSDT
Binance DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT