Funding you earn now, next payment 22:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −1.780%
Price spread now: 01 Exchange against Coinbase International−0.680%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and 01 Exchange is 0.680% cheaper against Coinbase International than usual: you would sell low and buy high (−$68 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 | Coinbase International S-PERP-INTX | 0.03826 | −0.1576 | get 0.0197% / 1h | 6m 24s | $47K | $5K | 25x |
| Short | 01 Exchange SUSD | 0.03800 | −0.1776 | pay 0.0222% / 1h | 6m 24s | $23K | $2K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Coinbase International. 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
- −$42
- Price spread: −0.680% → 0.000%
- −$67.96
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$126.96
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; 01 Exchange: 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
Coinbase International and 01 Exchange: 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSDshort | −0.1776% | 1h | 0.03800 | −0.680% | $23K | $2K | 5x | |
| Kraken Futures PF_SUSD | −0.1600% | 1h | 0.03905 | +2.077% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1576% | 1h | 0.03826 | long leg | $47K | $5K | 25x | |
| Variational Omni S | −0.0932% | 4h | 0.03888 | +1.633% | $606K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0198% / S +0.0191% | 1h | 0.03912 | +2.250% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03908 | +2.156% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03912 | +2.260% | $603 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0006% | 1h | 0.03914 | +2.300% | $66K | $10K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.0030% | 4h | 0.03910 | +2.196% | $100K | $343K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +7.162% | $2K | $37K | 12x | as long as short |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03909 | +2.169% | $164K | $223K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03909 | +2.172% | $981K | $712K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03905 | +2.063% | $43K | $212K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03912 | +2.244% | $5.3M | $18.1M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03902 | +1.986% | $5.6M | $5.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03909 | +2.169% | $976K | $5.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03902 | +1.986% | $318K | $266K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03912 | +2.248% | $3.5M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03904 | +2.039% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03912 | +2.248% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03908 | +2.143% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03890 | +1.673% | $25K | $453K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03908 | +2.142% | $219K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03899 | +1.908% | $266K | $125K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0502% | 1h | 0.03910 | +2.196% | $114K | $300K | 5x | as long as short |
Coinbase International S-PERP-INTX
01 Exchange SUSD
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
Injective S/USDC PERP
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP