Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.061%
Price spread now: Deribit against tradeXYZ+0.051%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
=The price spread pays, funding is against you. Deribit is 0.051% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BE | 273.99 | 0.0050 | pay 0.0006% / 1h | 40m 36s | $5.9M | $2.9M | 10x |
| Short | Deribit BE_USDC-PERPETUAL | 274.13 | 0 | get 0.0000% / 1h | 40m 36s | $7K | $4K | 10x |
tradeXYZ xyz:BE
Deribit BE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- −$10.5
- Price spread: +0.051% → 0.000%
- $5.11
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.39
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 1.28 bp | 15.2 bp −$15 | doesn't fit | 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.
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 | 274.57 | +0.213% | $345K | $118K | 20x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 274.07 | +0.029% | $2.0M | $1.2M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.00 | +0.004% | $1.5M | $3.7M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.04 | +0.018% | $1.7M | $2.7M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.16 | +0.062% | $1K | $2.6M | 10x | as long as short |
| Deribit BE_USDC-PERPETUALshort | 0.0000% | 1h | 274.13 | +0.051% | $7K | $4K | 10x | |
| HTX BE-USDT | 0.0000% | 8h | 274.18 | +0.069% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.05 | +0.022% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.09 | +0.036% | $250K | $380K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.94 | −0.018% | $114K | $122K | 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-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BE-USD-PERP | +0.0046% | 1h | 274.26 | +0.099% | — | — | 10x | as long as short |
| tradeXYZ xyz:BElong | +0.0050% | 1h | 273.99 | long leg | $5.9M | $2.9M | 10x | |
| QFEX BE-USD | +0.0073% | 1h | 274.11 | +0.044% | $1.3M | $3.8M | 10x | as long as short |
| Extended BE-USD | +0.0088% | 1h | 274.10 | +0.041% | $46K | $270K | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0088% | 1h | 274.13 | +0.051% | $469K | $123K | 10x | as long as short |
| Binance BEUSDT | +0.0088% | 8h | 274.15 | +0.057% | $8.5M | $37.0M | 25x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.14 | +0.055% | $370K | $23K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.12 | +0.049% | — | — | 10x | as long as short |
| GRVT BE_USDT_Perp | +0.0142% | 8h | 274.12 | +0.047% | $6K | $183K | 10x | as long as short |
| BloFin BE-USDT | +0.0209% | 8h | 274.16 | +0.062% | $45K | $141K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0232% | 8h | 274.40 | +0.150% | $2.6M | $6.8M | 25x | as long as short |
Vest BE-USD-PERP
QFEX BE-USD
Extended BE-USD
Coinbase International BE-PERP-INTX
Binance BEUSDT
KuCoin BEUSDTM
Aevo BE-PERP
GRVT BE_USDT_Perp
BloFin BE-USDT
OKX BE-USDT-SWAP