Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h —
Price spread now: Coinbase International against Deribit−0.053%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 20 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
Funding pays, the price is against you. Coinbase International is 0.053% cheaper against Deribit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit COIN50_USDC-PERPETUAL | 342.65 | 0.0217 | pay 0.0027% / 1h | 17m 50s | $1K | $1K | 50x |
| Short | Coinbase International COIN50-PERP-INTX | 342.47 | 0.0296 | get 0.0037% / 1h | 17m 50s | $963K | $1.5M | 50x |
Deribit COIN50_USDC-PERPETUAL
Coinbase International COIN50-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
- $16.55
- Price spread: −0.053% → 0.000%
- −$5.25
- 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
- −$5.7
- Costs to cover
- 0.170%
- Break-even
- 9.4 days
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Coinbase International live order book, 1 min ago | 2.63 bp | 11.4 bp −$11 | 23.8 bp −$238 | doesn't fit | 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.
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-PERPETUALlong | +0.0217% | 1h | 342.65 | long leg | $1K | $1K | 50x | |
| Coinbase International COIN50-PERP-INTXshort | +0.0296% | 1h | 342.47 | −0.053% | $963K | $1.5M | 50x |