Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.172%
Price spread now: Deribit against Gate−0.042%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.042% cheaper against Gate than usual: you would sell low and buy high (−$4 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 | Gate W_USDT | 0.01178 | 0.0100 | pay 0.0050% / 4h | 34m 16s | $445K | $290K | 75x |
| Short | Deribit W_USDC-PERPETUAL | 0.01177 | 0 | get 0.0000% / 1h | 34m 16s | $17K | $1K | 10x |
Gate W_USDT
Deribit W_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- −$21
- Price spread: −0.042% → 0.000%
- −$4.25
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$47.25
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 41 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 Gate live order book, 41 min ago | 8.07 bp | 191.8 bp −$192 | 23952.3 bp −$239.5K | doesn't fit | doesn't fit |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX W-USDT-SWAP | −0.0050% | 4h | 0.01176 | −0.119% | $1.3M | $2.0M | 20x | as long as short |
| Deribit W_USDC-PERPETUALshort | 0.0000% | 1h | 0.01177 | −0.042% | $17K | $1K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.675% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.042% | $2.0M | $423K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01177 | −0.059% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01175 | −0.255% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDTlong | +0.0100% | 4h | 0.01178 | long leg | $445K | $290K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | −0.068% | $12.8M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | +0.127% | $456K | $212K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.042% | $1.3M | $572K | 50x | as long as short |
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
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-USDT | +0.0100% | 4h | 0.01178 | 0.000% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.198% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | +0.113% | $130K | $385K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | −0.077% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01188 | +0.866% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0633% | 1h | 0.01178 | +0.059% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0721% | 1h | 0.01180 | +0.174% | $146K | $181K | 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