Funding you earn now, next payment 21:00 UTC−0.0219%/8h= −24.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.056%
Price spread now: Coinbase International against Deribit−0.114%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.114% cheaper against Deribit than usual: you would sell low and buy high (−$11 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 | Deribit BE_USDC-PERPETUAL | 272.55 | 0.0227 | pay 0.0028% / 1h | 23m 45s | $6K | $4K | 10x |
| Short | Coinbase International BE-PERP-INTX | 272.24 | 0.0008 | get 0.0001% / 1h | 23m 45s | $467K | $121K | 10x |
Deribit BE_USDC-PERPETUAL
Coinbase International BE-PERP-INTXFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.03
- Price spread: −0.114% → 0.000%
- −$11.37
- 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
- −$74.41
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 64 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 Coinbase International live order book, 64 min ago | 5.50 bp | 10.5 bp −$11 | 19.8 bp −$198 | 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.
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 | 272.46 | −0.033% | $343K | $116K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.50 | −0.020% | $46K | $270K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.54 | −0.004% | $8.5M | $37.4M | 25x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 272.38 | −0.062% | $2.0M | $1.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 272.56 | +0.004% | $2.6M | $6.7M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.20 | −0.128% | $1.5M | $3.8M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.39 | −0.059% | $1.7M | $2.7M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.29 | −0.096% | $7K | $201K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.52 | −0.011% | $1K | $2.6M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.45 | −0.037% | $13K | $33K | 20x | as long as short |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BE-PERP-INTXshort | +0.0008% | 1h | 272.24 | −0.114% | $467K | $121K | 10x | |
| Lighter BE | +0.0032% | 1h | 272.33 | −0.081% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 272.54 | −0.004% | $248K | $481K | 10x | as long as short |
| QFEX BE-USD | +0.0038% | 1h | 272.43 | −0.044% | $1.3M | $3.7M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.32 | −0.084% | $114K | $134K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.30 | −0.092% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 272.35 | −0.073% | $5.8M | $2.9M | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.40 | −0.055% | $367K | $24K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.53 | −0.007% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.49 | −0.022% | $45K | $141K | 20x | as long as short |
| Deribit BE_USDC-PERPETUALlong | +0.0227% | 1h | 272.55 | long leg | $6K | $4K | 10x |
Lighter BE
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT