Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.063%
Price spread now: Deribit against Binance+0.079%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 2 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. Deribit is 0.079% dearer against Binance than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALTUSDT | 0.007557 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $2.6M | $3.4M | 50x |
| Short | Deribit ALT_USDC-PERPETUAL | 0.007563 | 0 | get 0.0000% / 1h | 55m 25s | — | $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
- −$21
- Price spread: +0.079% → 0.000%
- $7.93
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.07
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 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, 10 min ago | 1.32 bp | 18.6 bp −$19 | 151.5 bp −$1,515 | 9412.7 bp −$941.3K | 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 | −0.0425% | 1h | 0.007560 | +0.045% | $44K | $8K | 10x | as long as short |
| Deribit ALT_USDC-PERPETUALshort | 0.0000% | 1h | 0.007563 | +0.079% | — | $0 | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +1.773% | $837 | $22 | 5.5x | as long as short |
| Variational Omni ALT | +0.0047% | 4h | 0.007550 | −0.097% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0096% | 4h | 0.007588 | +0.410% | $169K | $9K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007553 | −0.053% | $1.1M | $140K | 3x | as long as short |
| Binance ALTUSDTlong | +0.0100% | 4h | 0.007557 | long leg | $2.6M | $3.4M | 50x | |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007550 | −0.093% | $1.2M | $1.8M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007550 | −0.093% | $50K | $382K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007556 | −0.013% | $379K | $168K | 50x | as long as short |
Kraken Futures PF_ALTUSD
Injective ALT/USDC PERP
Variational Omni ALT
BloFin ALT-USDT
Hyperliquid ALT
Bybit ALTUSDT
Gate ALT_USDT
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 | 0.007566 | +0.119% | $146K | $19K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007555 | −0.027% | $606K | $129K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007555 | −0.027% | — | $1.3M | — | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0424% | 1h | 0.007691 | +1.773% | $14K | $2K | 50x | as long as short |
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Coinbase International ALT-PERP-INTX