Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h —
Price spread now: Deribit against Binance−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 8 hours (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 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 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 | Binance ALTUSDT | 0.007548 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $2.6M | $3.6M | 50x |
| Short | Deribit ALT_USDC-PERPETUAL | 0.007546 | −0.0015 | pay 0.0002% / 1h | 55m 07s | — | $0 | 25x |
Binance ALTUSDT
Deribit ALT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- −$24.16
- Price spread: −0.026% → 0.000%
- −$2.65
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$43.81
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago | 1.32 bp | 16.5 bp −$17 | 121.0 bp −$1,210 | 8769.7 bp −$877.0K | 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.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | −0.0497% | 1h | 0.007548 | +0.007% | $44K | $8K | 10x | as long as short |
| Bybit ALTUSDT | −0.0099% | 4h | 0.007542 | −0.079% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | −0.0058% | 8h | 0.007548 | 0.000% | $52K | $401K | 25x | as long as short |
| Deribit ALT_USDC-PERPETUALshort | −0.0015% | 1h | 0.007546 | −0.026% | — | $0 | 25x | |
| Variational Omni ALT | +0.0009% | 4h | 0.007571 | +0.311% | $5K | $13K | — | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −2.213% | $815 | $4K | 5.5x | as long as short |
| BloFin ALT-USDT | +0.0081% | 4h | 0.007547 | −0.013% | $171K | $10K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007545 | −0.040% | $1.1M | $184K | 3x | as long as short |
| Binance ALTUSDTlong | +0.0100% | 4h | 0.007548 | long leg | $2.6M | $3.6M | 50x | |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007548 | 0.000% | $402K | $183K | 50x | as long as short |
Kraken Futures PF_ALTUSD
Bybit ALTUSDT
Gate ALT_USDT
Variational Omni ALT
Injective ALT/USDC PERP
BloFin ALT-USDT
Hyperliquid ALT
MEXC ALT_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007555 | +0.093% | $149K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007546 | −0.026% | $606K | $119K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007543 | −0.066% | — | $1.3M | — | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0392% | 1h | 0.007589 | +0.543% | $14K | $3K | 50x | as long as short |
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Coinbase International ALT-PERP-INTX