Funding you earn now, next payment 00:00 UTC−0.0248%/8h= −27.1% APRpaid last 24h −0.081%
Price spread now: Binance against Deribit+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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. Binance is 0.030% dearer against Deribit than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BE_USDC-PERPETUAL | 274.18 | 0.0334 | pay 0.0042% / 1h | 1m 56s | $7K | $4K | 10x |
| Short | Binance BEUSDT | 274.26 | 0.0086 | get 0.0086% / 8h | 1m 56s | $8.5M | $36.8M | 25x |
Deribit BE_USDC-PERPETUAL
Binance BEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$51.98
- Price spread: +0.030% → 0.000%
- $3.02
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.96
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago | 0.55 bp | 10.1 bp −$10 | 26.3 bp −$263 | 96.9 bp −$9,686 | 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.
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.54 | +0.131% | $345K | $119K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.26 | +0.029% | $2.0M | $1.2M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.10 | −0.029% | $1.5M | $3.7M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.18 | 0.000% | $1.7M | $2.6M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.21 | +0.011% | $1K | $2.5M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.34 | +0.058% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 273.98 | −0.073% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.13 | −0.018% | $250K | $380K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.02 | −0.058% | $114K | $120K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.23 | +0.018% | — | — | 10x | as long as short |
Aster BEUSDT
Bybit BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.06 | −0.044% | $5.9M | $2.9M | 10x | as long as short |
| QFEX BE-USD | +0.0073% | 1h | 274.16 | −0.007% | $1.3M | $3.9M | 10x | as long as short |
| Binance BEUSDTshort | +0.0086% | 8h | 274.26 | +0.030% | $8.5M | $36.8M | 25x | |
| Extended BE-USD | +0.0088% | 1h | 274.20 | +0.009% | $46K | $270K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0088% | 1h | 274.13 | −0.018% | $469K | $117K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.09 | −0.033% | $370K | $23K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.19 | +0.004% | — | — | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0107% | 8h | 274.34 | +0.058% | $6K | $182K | 10x | as long as short |
| BloFin BE-USDT | +0.0206% | 8h | 274.27 | +0.033% | $45K | $141K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0255% | 8h | 274.24 | +0.022% | $2.6M | $6.9M | 25x | as long as short |
| Deribit BE_USDC-PERPETUALlong | +0.0334% | 1h | 274.18 | long leg | $7K | $4K | 10x |
tradeXYZ xyz:BE
QFEX BE-USD
Extended BE-USD
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
GRVT BE_USDT_Perp
BloFin BE-USDT
OKX BE-USDT-SWAP