W

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0983%/8h= −107.7% APRnext payment −$1.23 per $10,000 · paid last 24h −0.203%

Price spread now: Deribit against Coinbase International−0.509%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

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

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Deribit is 0.509% cheaper against Coinbase International than usual: you would sell low and buy high (−$51 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	Coinbase International W-PERP-INTX	0.01179	0.0296	pay 0.0037% / 1h	50m 41s	$14K	$18K	50x
Short	Deribit W_USDC-PERPETUAL	0.01173	−0.0687	pay 0.0086% / 1h	50m 41s	$17K	$790	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.509%Rate

Funding earned: −$206.47
Price spread: −0.509% → 0.000%: −$50.91
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: −$274.38
Costs to cover: 0.170%
Break-even: never at this rate

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.

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	−0.0687%	1h	0.01173	−0.509%	$17K	$790	10x
OKX W-USDT-SWAP	+0.0006%	4h	0.01171	−0.619%	$1.3M	$2.2M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.579%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01173	−0.475%	$2.0M	$465K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01172	−0.545%	$2.9M	$7.7M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01171	−0.653%	$4.1M	$2.1M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01170	−0.730%	$443K	$300K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01172	−0.543%	$12.8M	$1.7M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01171	−0.645%	$420K	$231K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01174	−0.390%	$1.3M	$555K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01172	−0.585%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01174	−0.365%	$44K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01168	−0.925%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01173	−0.445%	$133K	$412K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01172	−0.536%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTXlong	+0.0296%	1h	0.01179	long leg	$14K	$18K	50x
Kraken Futures PF_WUSD	+0.0620%	1h	0.01174	−0.399%	$145K	$186K	20x	as long as short