Funding you earn now, next payment 07:00 UTC−0.0473%/8h= −51.8% APRnext payment −$0.59 per $10,000 · paid last 24h −0.093%
Price spread now: tradeXYZ against Deribit−0.063%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
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and tradeXYZ is 0.063% cheaper against Deribit than usual: you would sell low and buy high (−$6 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 | 271.82 | 0.0523 | pay 0.0065% / 1h | 17m 43s | $6K | $4K | 10x |
| Short | tradeXYZ xyz:BE | 271.65 | 0.0050 | get 0.0006% / 1h | 17m 43s | $5.9M | $2.8M | 10x |
Deribit BE_USDC-PERPETUAL
tradeXYZ xyz:BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$99.37
- Price spread: −0.063% → 0.000%
- −$6.25
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$130.62
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 1.47 bp | 15.2 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0233% | 8h | 271.60 | −0.081% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | −0.0132% | 8h | 271.39 | −0.158% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 271.77 | −0.019% | $342K | $125K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.82 | +0.001% | $46K | $251K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.79 | −0.011% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.72 | −0.037% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.42 | −0.146% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.47 | −0.129% | $928 | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.46 | −0.132% | $12K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 271.66 | −0.059% | — | — | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 271.86 | +0.015% | $242K | $300K | 10x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 271.52 | −0.110% | $1.3M | $2.3M | 10x | as long as short |
| Bybit BEUSDT | +0.0040% | 8h | 271.92 | +0.037% | $2.0M | $1.1M | 25x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.33 | −0.180% | $113K | $108K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.50 | −0.118% | — | — | 10x | as long as short |
| tradeXYZ xyz:BEshort | +0.0050% | 1h | 271.65 | −0.063% | $5.9M | $2.8M | 10x | |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | −0.453% | $473K | $130K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 271.78 | −0.015% | $367K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 271.75 | −0.025% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.32 | −0.184% | $45K | $147K | 20x | as long as short |
| Deribit BE_USDC-PERPETUALlong | +0.0523% | 1h | 271.82 | long leg | $6K | $4K | 10x |
Lighter RH BE
QFEX BE-USD
Bybit BEUSDT
Arcus BE-USD
Vest BE-USD-PERP
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT