OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h −0.036%

Price spread now: Coinbase International against Deribit+0.480%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.480% dearer against Deribit than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OP_USDC-PERPETUAL	0.1249	0	get 0.0000% / 1h	39m 45s	$31K	$165K	25x
Short	Coinbase International OP-PERP-INTX	0.1255	0.0112	get 0.0014% / 1h	39m 45s	$24K	$68K	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.480%Rate

Funding earned: $23.52
Price spread: +0.480% → 0.000%: $48.04
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: $54.56
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: live order book, 59 min ago; 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 live order book, 59 min ago	8.02 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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.

OP on 30 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 OP/USDC PERP	−0.1328%	1h	0.1235	−1.121%	$34K	$63K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1164% / S +0.0246%	1h	0.1252	+0.245%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0050%	8h	0.1249	0.000%	$12K	$235K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1250	+0.055%	$39K	$522	10x	as long as short
Deribit OP_USDC-PERPETUALlong	0.0000%	1h	0.1249	long leg	$31K	$165K	25x
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1249	+0.024%	—	—	150x	as long as short
KuCoin OPUSDTM	+0.0011%	8h	0.1248	−0.080%	$2.8M	$6.0M	75x	as long as short
Bybit OPUSDT	+0.0025%	8h	0.1248	−0.080%	$18.2M	$26.3M	75x	as long as short
Variational Omni OP	+0.0058%	8h	0.1247	−0.141%	$221K	$47K	—	as long as short
Gate OP_USDT	+0.0058%	8h	0.1249	+0.032%	$2.0M	$1.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1250	+0.120%	$288K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1249	+0.032%	$3.5M	$3.6M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1249	+0.038%	$205K	$210K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1248	−0.056%	$19.6M	$67.7M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1249	−0.032%	$6.0M	$29.4M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1248	−0.064%	$22.3M	$7.7M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1248	−0.080%	$5.6M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1249	−0.040%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1249	−0.024%	$117K	$222K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1252	+0.226%	$4K	$1.1M	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1252	+0.266%	$311K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1253	+0.320%	$43K	$694K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1249	+0.008%	$188	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1250	+0.040%	$166K	$259K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1248	−0.061%	$100K	$612K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1249	−0.029%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTXshort	+0.0112%	1h	0.1255	+0.480%	$24K	$68K	50x
Kraken Futures PF_OPUSD	+0.0155%	1h	0.1251	+0.132%	$745K	$676K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1247	−0.152%	$990K	$324K	75x	as long as short
Reya OPRUSDPERP	+0.0445%	1h	0.1248	−0.099%	$694	—	20x	as long as short