Funding you earn now, next payment 04:00 UTC−1.9753%/8h= −2163.0% APRnext payment −$24.69 per $10,000 · paid last 24h −5.351%
Price spread now: Coinbase International against Deribit−6.329%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$593 a day on $10k at the current rate, and Coinbase International is 6.329% cheaper against Deribit than usual: you would sell low and buy high (−$633 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BASED1_USDC-PERPETUAL | 0.06893 | 0.1945 | pay 0.0243% / 1h | 32m 55s | $154 | — | 10x |
| Short | Coinbase International BASED1-PERP-INTX | 0.06457 | −1.7808 | pay 0.2226% / 1h | 32m 55s | $10K | — | 50x |
Deribit BASED1_USDC-PERPETUAL
Coinbase International BASED1-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$4,148.2
- Price spread: −6.329% → 0.000%
- −$632.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$4,798.13
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Deribit and Coinbase International: 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.
BASED1 on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BASED1-PERP-INTXshort | −1.7808% | 1h | 0.06457 | −6.329% | $10K | — | 50x | |
| Deribit BASED1_USDC-PERPETUALlong | +0.1945% | 1h | 0.06893 | long leg | $154 | — | 10x |