Funding you earn now, next payment 21:00 UTC+0.1268%/8h= +138.9% APRnext payment +$1.59 per $10,000 · paid last 24h +0.585%
Price spread now: Deribit against Coinbase International+2.797%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$38 a day on $10k at the current rate, and Deribit is 2.797% dearer against Coinbase International than usual: you sell high and buy low: +$280 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 | Coinbase International S-PERP-INTX | 0.03826 | −0.1264 | get 0.0158% / 1h | 51m 39s | $47K | $5K | 25x |
| Short | Deribit S_USDC-PERPETUAL | 0.03933 | 0.0004 | get 0.0001% / 1h | 51m 39s | $66K | $10K | 10x |
Coinbase International S-PERP-INTX
Deribit S_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
- $266.35
- Price spread: +2.797% → 0.000%
- $279.67
- 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
- $529.01
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; 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 no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Coinbase International and 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1453% | 1h | 0.03927 | +2.630% | $33K | $33K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1264% | 1h | 0.03826 | long leg | $47K | $5K | 25x | |
| Variational Omni S | −0.1189% | 4h | 0.03947 | +3.162% | $614K | $42K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0173% / S +0.0169% | 1h | 0.03931 | +2.744% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03926 | +2.616% | $4 | — | 15x | as long as short |
| 01 Exchange SUSD | −0.0080% | 1h | 0.03920 | +2.457% | $24K | $3K | 5x | as long as short |
| Aster SUSDT | −0.0041% | 4h | 0.03932 | +2.772% | $43K | $212K | 10x | as long as short |
| Orderly PERP_S_USDC | −0.0019% | 4h | 0.03928 | +2.666% | $101K | $340K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03931 | +2.741% | $606 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUALshort | +0.0004% | 1h | 0.03933 | +2.797% | $66K | $10K | 10x |
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
01 Exchange SUSD
Aster SUSDT
Orderly PERP_S_USDC
gTrade (Gains Network) S/USDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +7.162% | $2K | $37K | 12x | as long as short |
| OKX S-USDT-SWAP | +0.0071% | 4h | 0.03928 | +2.666% | $977K | $7.9M | 20x | as long as short |
| Hyperliquid S | +0.0077% | 1h | 0.03928 | +2.671% | $991K | $928K | 5x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03932 | +2.771% | $165K | $240K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03928 | +2.670% | $5.4M | $25.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03922 | +2.509% | $5.6M | $6.7M | 50x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03928 | +2.666% | $321K | $291K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03929 | +2.692% | $3.5M | $2.5M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03926 | +2.614% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03928 | +2.666% | $1.2M | $3.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03924 | +2.561% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03960 | +3.502% | $24K | $475K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03927 | +2.637% | $221K | $883K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0171% | 1h | 0.03940 | +2.980% | $115K | $287K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03925 | +2.588% | $273K | $180K | 75x | as long as short |
Injective S/USDC PERP
OKX S-USDT-SWAP
Hyperliquid S
Lighter S
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
BloFin S-USDT