All BTC pairs

BTC funding carry: Bybit vs dYdX

Entering and exiting this pair costs 21 bps of notional at taker fees (6 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
10.18%
Net APY on $10k
-2.03%
Break-even
201.58h
  • Net not positive at the reference profile
Short
bybit perp
BTC/USDT
Trade on bybit
Long
dydx perp
BTC/USD
Trade on dydx

Last 30 days

Above its costs
13.7% of the time
Net APY when above costs
13.71%
Net APY when below costs
-6.44%
Best single hour
63.83%

Measured on 421 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
Bybit 5.5 2 BTCUSDT
dYdX 5 1 BTC-USD

Other BTC pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 368h (15d) 105h (4d)
10% 184h (7d) 53h (2d)
20% 92h (3d) 26h
50% 37h 11h