Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.063%
Price spread now: KuCoin against Deribit+0.079%53s7-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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.079% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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 | Deribit ALT_USDC-PERPETUAL | 0.007582 | 0 | get 0.0000% / 1h | 4m 25s | — | $0 | 25x |
| Short | KuCoin ALTUSDTM | 0.007588 | 0.0100 | get 0.0050% / 4h | 2h 04m | $146K | $19K | 30x |
Deribit ALT_USDC-PERPETUAL
KuCoin ALTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.079% → 0.000%
- $7.91
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $9.91
- Costs to cover
- 0.190%
- Break-even
- 3.7 days
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 51 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 KuCoin live order book, 51 min ago | 7.88 bp | 229.2 bp −$229 | 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.
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 | −0.0471% | 1h | 0.007586 | +0.057% | $44K | $8K | 10x | as long as short |
| Deribit ALT_USDC-PERPETUALlong | 0.0000% | 1h | 0.007582 | long leg | — | $0 | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +1.438% | $837 | $4K | 5.5x | as long as short |
| Variational Omni ALT | +0.0071% | 4h | 0.007575 | −0.090% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0095% | 4h | 0.007584 | +0.026% | $169K | $9K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007579 | −0.040% | $1.1M | $140K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007586 | +0.053% | $2.6M | $3.5M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007579 | −0.040% | $1.2M | $1.8M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007583 | +0.013% | $50K | $397K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007583 | +0.013% | $381K | $173K | 50x | as long as short |
Kraken Futures PF_ALTUSD
Injective ALT/USDC PERP
Variational Omni ALT
BloFin ALT-USDT
Hyperliquid ALT
Binance ALTUSDT
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 ALTUSDTMshort | +0.0100% | 4h | 0.007588 | +0.079% | $146K | $19K | 30x | |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007571 | −0.145% | $608K | $131K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007583 | +0.013% | — | $1.3M | — | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0408% | 1h | 0.007691 | +1.438% | $14K | $2K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Coinbase International ALT-PERP-INTX