Funding you earn now, next payment 23:00 UTC−0.0869%/8h= −95.1% APRpaid last 24h −0.171%
Price spread now: Deribit against BingX+0.094%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
The price spread pays, funding is against you. Deribit is 0.094% dearer against BingX than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01175 | 0.0100 | pay 0.0050% / 4h | 1h 54m | — | $6.9M | — |
| Short | Deribit W_USDC-PERPETUAL | 0.01177 | −0.0769 | pay 0.0096% / 1h | 54m 23s | $17K | $1K | 10x |
BingX W-USDT
Deribit W_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- −$182.46
- Price spread: +0.094% → 0.000%
- $9.36
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$190.1
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 13 min ago; 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 BingX live order book, 13 min ago | 3.41 bp | 23.8 bp −$24 | 56.5 bp −$565 | 662.6 bp −$66.3K | 1131.1 bp −$565.5K |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUALshort | −0.0769% | 1h | 0.01177 | +0.094% | $17K | $1K | 10x | |
| OKX W-USDT-SWAP | −0.0048% | 4h | 0.01176 | +0.034% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.850% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01177 | +0.128% | $2.0M | $443K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | +0.064% | $3.0M | $7.1M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01176 | +0.026% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01179 | +0.306% | $447K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01176 | +0.077% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01175 | −0.043% | $416K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01177 | +0.128% | $1.3M | $582K | 50x | as long as short |
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01175 | long leg | — | $6.9M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01172 | −0.306% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | −0.196% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | +0.097% | $59K | $276K | 5x | as long as short |
| Backpack W_USDC_PERP | +0.0140% | 1h | 0.01178 | +0.179% | $44K | $47K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01178 | +0.179% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0397% | 1h | 0.01178 | +0.244% | $146K | $185K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD