Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h —
Price spread now: Deribit against Coinbase International−0.091%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 17 hours (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 −$1 a day on $10k at the current rate, and Deribit is 0.091% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 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 | Coinbase International COIN50-PERP-INTX | 340.74 | 0.0296 | pay 0.0037% / 1h | 36m 38s | $957K | $1.6M | 50x |
| Short | Deribit COIN50_USDC-PERPETUAL | 340.43 | 0.0250 | get 0.0031% / 1h | 36m 38s | $1K | $1K | 50x |
Coinbase International COIN50-PERP-INTX
Deribit COIN50_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- −$9.74
- Price spread: −0.091% → 0.000%
- −$9.1
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$35.84
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 2 min ago; Deribit: 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 Coinbase International live order book, 2 min ago | 3.96 bp | 12.0 bp −$12 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.
COIN50 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit COIN50_USDC-PERPETUALshort | +0.0250% | 1h | 340.43 | −0.091% | $1K | $1K | 50x | |
| Coinbase International COIN50-PERP-INTXlong | +0.0296% | 1h | 340.74 | long leg | $957K | $1.6M | 50x |