Funding you earn now, next payment 05:00 UTC−0.1490%/8h= −163.2% APRnext payment −$1.86 per $10,000 · paid last 24h −0.538%
Price spread now: Coinbase International against Deribit−0.178%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$45 a day on $10k at the current rate, and Coinbase International is 0.178% cheaper against Deribit than usual: you would sell low and buy high (−$18 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 | Deribit S_USDC-PERPETUAL | 0.03936 | 0.0258 | pay 0.0032% / 1h | 39m 48s | $66K | $10K | 10x |
| Short | Coinbase International S-PERP-INTX | 0.03929 | −0.1232 | pay 0.0154% / 1h | 39m 48s | $48K | $16K | 25x |
Deribit S_USDC-PERPETUAL
Coinbase International S-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
- −$312.98
- Price spread: −0.178% → 0.000%
- −$17.78
- 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
- −$347.77
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; 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 no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Deribit and 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.8680% | 1h | 0.03840 | −2.439% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1853% | 1h | 0.03925 | −0.275% | $32K | $14K | 10x | as long as short |
| Coinbase International S-PERP-INTXshort | −0.1232% | 1h | 0.03929 | −0.178% | $48K | $16K | 25x | |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03930 | −0.152% | $1K | — | 100x | as long as short |
| Variational Omni S | −0.0119% | 4h | 0.03931 | −0.130% | $611K | $30K | — | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03924 | −0.307% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03931 | −0.135% | $606 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.167% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0082% | 4h | 0.03931 | −0.127% | $98K | $468K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03934 | −0.051% | $167K | $138K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
GMX S/USD [WBTC.b-USDC]
Variational Omni S
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03932 | −0.114% | $989K | $588K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03921 | −0.388% | $46K | $142K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03915 | −0.529% | $5.5M | $13.5M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03909 | −0.686% | $5.6M | $4.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03912 | −0.610% | $967K | $3.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03924 | −0.305% | $319K | $183K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03928 | −0.203% | $3.6M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03924 | −0.305% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03915 | −0.534% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03913 | −0.584% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03950 | +0.356% | $4K | $472K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03923 | −0.330% | $221K | $595K | 10x | as long as short |
| Deribit S_USDC-PERPETUALlong | +0.0258% | 1h | 0.03936 | long leg | $66K | $10K | 10x | |
| BloFin S-USDT | +0.0340% | 4h | 0.03929 | −0.178% | $270K | $106K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.1973% | 1h | 0.03940 | +0.102% | $115K | $426K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP