Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.099%
Price spread now: Bybit against Deribit−0.058%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Funding pays, the price is against you. Bybit is 0.058% cheaper against Deribit than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ICP_USDC-PERPETUAL | 2.9447 | 0 | get 0.0000% / 1h | 42m 21s | $262 | $464 | 50x |
| Short | Bybit ICPUSDT | 2.9430 | 0.0100 | get 0.0100% / 8h | 4h 42m | $17.0M | $18.5M | 75x |
Deribit ICP_USDC-PERPETUAL
Bybit ICPUSDTFunding 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
- $21
- Price spread: −0.058% → 0.000%
- −$5.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2.77
- Costs to cover
- 0.180%
- Break-even
- 7.9 days
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 1 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 1.70 bp | 11.5 bp −$11 | 36.3 bp −$363 | 541.5 bp −$54.2K | doesn't fit |
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.
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9437 | −0.034% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUALlong | 0.0000% | 1h | 2.9447 | long leg | $262 | $464 | 50x | |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9451 | +0.014% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.740% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0087% | 8h | 2.9410 | −0.127% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9459 | +0.041% | $157K | $486K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9456 | +0.030% | $268K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9442 | −0.019% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9443 | −0.014% | $28.9M | $51.7M | 75x | as long as short |
| Bybit ICPUSDTshort | +0.0100% | 8h | 2.9430 | −0.058% | $17.0M | $18.5M | 75x |
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9440 | −0.024% | $5.6M | $16.4M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9440 | −0.024% | $1.8M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | +0.010% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9430 | −0.058% | $4.8M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9450 | +0.010% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.024% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9429 | −0.062% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9404 | −0.148% | $569K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.024% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9500 | +0.180% | $103K | $175K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9460 | +0.044% | $1.7M | $792K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9442 | −0.016% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9490 | +0.146% | $1.2M | $2.2M | 75x | as long as short |
| Hyperliquid ICP | +0.0292% | 1h | 2.9468 | +0.071% | $4.6M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.893% | $67K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0503% / S −0.0480% | 1h | 2.9465 | +0.060% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0573% | 1h | 2.9476 | +0.099% | $518K | $624K | 50x | as long as short |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD