Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Deribit against Bybit+0.010%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−$29as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 4 days (all we have)−0.289%−$29 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.010%, 7d avg +0.006%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BZUSDT | 97.520 | 0 | get 0.0000% / 8h | 2h 47m | $10.4M | $12.5M | 100x |
| Short | Deribit BRENTOIL_USDC-PERPETUAL | 97.530 | 0 | get 0.0000% / 1h | 47m 14s | $101K | $249K | 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: +0.010% → +0.006%
- $0.41
- Slippage, 4 orders
- −$11.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$29.21
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago | 0.51 bp | 7.8 bp −$8 | 10.7 bp −$107 | 136.5 bp −$13.6K | doesn't fit |
| Sell Deribit live order book, 1 min ago | 0.51 bp | 4.0 bp −$4 | 5.5 bp −$55 | 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 | 96.684 | −0.857% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.460 | −0.062% | $237K | $441K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.528 | +0.008% | $339K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.520 | 0.000% | $147.5M | $364.6M | 100x | as long as short |
| Bybit BZUSDTlong | 0.0000% | 8h | 97.520 | long leg | $10.4M | $12.5M | 100x | |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.530 | +0.010% | $16.1M | $20.5M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.490 | −0.030% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.480 | −0.041% | $9.2M | $11.6M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.510 | −0.010% | $28.0M | $16.6M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.488 | −0.033% | $9.3M | $6.9M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.497 | −0.023% | $26K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.540 | +0.021% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUALshort | 0.0000% | 1h | 97.530 | +0.010% | $101K | $249K | 15x | |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.450 | −0.072% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.540 | +0.021% | $1.2M | $83K | 100x | as long as short |
| edgeX BZUSDC | +0.0001% | 4h | 97.457 | −0.064% | $224K | $228K | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0009% | 1h | 97.533 | +0.014% | $82K | $208K | 20x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.067 | +0.561% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0020% | 1h | 101.57 | +4.153% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.520 | 0.000% | $3.2M | $4.6M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.530 | +0.010% | $680K | $3.9M | 10x | as long as short |
| BloFin BZ-USDT | +0.0040% | 4h | 97.540 | +0.021% | $1.5M | $97K | 50x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.509 | −0.012% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.528 | +0.008% | $153.8M | $125.4M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.529 | +0.009% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.460 | −0.062% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0054% | 1h | 97.490 | −0.031% | $7K | $42K | 5x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0056% | 1h | 97.530 | +0.010% | $34K | — | 20x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.570 | +0.051% | $3.8M | $837K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.520 | 0.000% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0295% / S −0.2195% | 1h | 97.515 | −0.005% | $115K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Kraken Futures PF_BRENTOILUSD
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
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
Hotstuff BRENTOIL-PERP
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]