Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h +0.187%
Price spread now: Bitget against Deribit+0.050%7-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
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.050% dearer against Deribit than usual: you sell high and buy low: +$5 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 | Deribit W_USDC-PERPETUAL | 0.01191 | −0.0086 | get 0.0011% / 1h | 18m 26s | $16K | $2K | 10x |
| Short | Bitget WUSDT | 0.01192 | 0.0100 | get 0.0050% / 4h | 1h 18m | $1.3M | $570K | 50x |
Deribit W_USDC-PERPETUAL
Bitget WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $38.98
- Price spread: +0.050% → 0.000%
- $5.04
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $25.02
- Costs to cover
- 0.190%
- Break-even
- 2.5 days
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 min ago. 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 Bitget live order book, 3 min ago | 4.19 bp | 37.7 bp −$38 | 121.3 bp −$1,213 | doesn't fit | doesn't fit |
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-PERPETUALlong | −0.0086% | 1h | 0.01191 | long leg | $16K | $2K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.477% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01192 | +0.050% | $2.0M | $383K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01192 | +0.027% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01190 | −0.092% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01191 | −0.059% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01190 | −0.118% | $451K | $253K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01192 | +0.050% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01192 | +0.050% | $385K | $214K | 50x | as long as short |
| Bitget WUSDTshort | +0.0100% | 4h | 0.01192 | +0.050% | $1.3M | $570K | 50x |
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01193 | +0.101% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01191 | −0.060% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01190 | −0.087% | $126K | $413K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01191 | −0.001% | $61K | $237K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01193 | +0.134% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0647% | 1h | 0.01194 | +0.227% | $44K | $45K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1701% | 1h | 0.01195 | +0.275% | $148K | $184K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD