Funding you earn now, next payment 22:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +2.364%
Price spread now: Deribit against 01 Exchange+0.459%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 +$3 a day on $10k at the current rate, and Deribit is 0.459% dearer against 01 Exchange than usual: you sell high and buy low: +$46 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 | 01 Exchange SUSD | 0.03920 | −0.0080 | get 0.0010% / 1h | 53m 40s | $24K | $3K | 5x |
| Short | Deribit S_USDC-PERPETUAL | 0.03938 | 0.0004 | get 0.0001% / 1h | 53m 40s | $66K | $10K | 10x |
01 Exchange SUSD
Deribit S_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against 01 Exchange. 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
- $17.64
- Price spread: +0.459% → 0.000%
- $45.92
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $49.56
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
01 Exchange 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 | −0.1452% | 1h | 0.03929 | +0.238% | $33K | $33K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.398% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.1189% | 4h | 0.03947 | +0.688% | $614K | $42K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0173% / S +0.0169% | 1h | 0.03935 | +0.380% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03924 | +0.091% | $4 | — | 15x | as long as short |
| 01 Exchange SUSDlong | −0.0080% | 1h | 0.03920 | long leg | $24K | $3K | 5x | |
| Aster SUSDT | −0.0029% | 4h | 0.03939 | +0.496% | $43K | $212K | 10x | as long as short |
| Orderly PERP_S_USDC | −0.0019% | 4h | 0.03935 | +0.383% | $101K | $340K | 10x | as long as short |
| Hyperliquid S | −0.0016% | 1h | 0.03935 | +0.385% | $992K | $928K | 5x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03936 | +0.399% | $606 | — | 150x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Aster SUSDT
Orderly PERP_S_USDC
Hyperliquid S
gTrade (Gains Network) S/USDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit S_USDC-PERPETUALshort | +0.0004% | 1h | 0.03938 | +0.459% | $66K | $10K | 10x | |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.592% | $2K | $37K | 12x | as long as short |
| OKX S-USDT-SWAP | +0.0065% | 4h | 0.03932 | +0.306% | $979K | $8.1M | 20x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03939 | +0.485% | $165K | $240K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03934 | +0.360% | $5.4M | $25.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03927 | +0.179% | $5.6M | $6.7M | 50x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03924 | +0.102% | $321K | $291K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03935 | +0.383% | $3.5M | $2.5M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03932 | +0.306% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03934 | +0.357% | $1.2M | $3.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03933 | +0.332% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03960 | +1.020% | $24K | $475K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03933 | +0.322% | $221K | $890K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0107% | 1h | 0.03940 | +0.510% | $115K | $289K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03949 | +0.740% | $201K | $203K | 75x | as long as short |
Injective S/USDC PERP
OKX S-USDT-SWAP
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