Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1290 | +0.5136 | pay 0.0642% / 1h | 46m 13s | $26K | $377K | 50x | Long Coinbase International | |
| SHORT | 0.1256 | +0.0539 | get 0.0067% / 1h | 46m 13s | — | — | 10x | Short Deribit |
Price gap−2.636%
Funding gap−0.4597% /8h
Both sides work against this direction now: funding costs $138 a day on $10k and the gap is 2.636% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.4597% /8h now · no funding history yet
Price—spread −2.636% now · no price history on both exchanges yet
Costsno datano order book for Deribit
Result, before costs—no pointsneeds funding history
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Deribit price against Coinbase Internationalnow
RANGE STATS · 7D
Now−2.636%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOPG on 14 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Note: Order book unknown—No order-book sample for Deribit: its slippage is not counted.
- Note: Margin at max leverage$200 + $1,000Coinbase International 50x, Deribit 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$137.91Long Coinbase International: 24 payments, −$154.08; short Deribit: 24 payments, +$16.17.
- Note: No 7-day spread history−2.636%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner— vs $26K OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCCoinbase International Yes · Deribit YesID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$965.37
Price spread−2.636% → 0−$263.62
Slippage, 4 ordersno data for Deribit—
Fee Coinbase International bp × 2 orders−$10.00
Fee Deribit bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$1,245.99
Costs to cover0.170%Break-evennever at this rate
Slippage: Coinbase International: live order book, 47 min ago; Deribit: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International135.38335.8 bp−$336doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTDeribit—————
Closing costs about the same again.
Deribit: no data.
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| 09-28 13:02 | Deribit | Listing | new market OPG_USDC-PERPETUAL ($OPG) seen by our collector |