W

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.202%

Price spread now: Coinbase International against Deribit+0.209%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Coinbase International

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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.209% dearer against Deribit than usual: you sell high and buy low: +$21 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	0.01194	0	get 0.0000% / 1h	42m 32s	$14K	$3K	10x
Short	Coinbase International W-PERP-INTX	0.01196	0.0304	get 0.0038% / 1h	42m 32s	$14K	$14K	50x

Funding 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 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.209%Rate

Funding earned: $63.84
Price spread: +0.209% → 0.000%: $20.95
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: $67.79
Costs to cover: 0.170%
Break-even: from the start

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.

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	0.0000%	1h	0.01194	long leg	$14K	$3K	10x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.290%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01193	−0.050%	$2.0M	$287K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01194	+0.048%	$3.0M	$5.4M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01192	−0.176%	$4.2M	$1.6M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01193	−0.084%	$1.3M	$1.6M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01189	−0.402%	$432K	$230K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01194	+0.042%	$12.5M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01193	−0.050%	$399K	$195K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01194	+0.034%	$1.3M	$590K	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	0.01193	−0.059%	—	$6.7M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01189	−0.424%	$72K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01192	−0.176%	$126K	$382K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01194	+0.034%	$61K	$145K	5x	as long as short
Coinbase International W-PERP-INTXshort	+0.0304%	1h	0.01196	+0.209%	$14K	$14K	50x
Backpack W_USDC_PERP	+0.1216%	1h	0.01195	+0.109%	$44K	$39K	15x	as long as short
Kraken Futures PF_WUSD	+0.1540%	1h	0.01195	+0.129%	$149K	$188K	20x	as long as short