Funding you earn now, next payment 21:00 UTC−0.1270%/8h= −139.0% APRnext payment −$1.59 per $10,000 · paid last 24h −0.585%
Price spread now: Coinbase International against Deribit−2.223%59s7-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 −$38 a day on $10k at the current rate, and Coinbase International is 2.223% cheaper against Deribit than usual: you would sell low and buy high (−$222 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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 S_USDC-PERPETUAL | 0.03913 | 0.0006 | pay 0.0001% / 1h | 5m 24s | $66K | $10K | 10x |
| Short | Coinbase International S-PERP-INTX | 0.03826 | −0.1264 | pay 0.0158% / 1h | 5m 24s | $47K | $5K | 25x |
Deribit S_USDC-PERPETUAL
Coinbase International S-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$266.62
- Price spread: −2.223% → 0.000%
- −$222.34
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$505.96
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Deribit and Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1461% | 1h | 0.03907 | −0.154% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTXshort | −0.1264% | 1h | 0.03826 | −2.223% | $47K | $5K | 25x | |
| Variational Omni S | −0.0823% | 4h | 0.03900 | −0.324% | $607K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0192% / S +0.0185% | 1h | 0.03911 | −0.056% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03905 | −0.202% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03911 | −0.062% | $603 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0002% | 4h | 0.03908 | −0.128% | $99K | $346K | 10x | as long as short |
| Deribit S_USDC-PERPETUALlong | +0.0006% | 1h | 0.03913 | long leg | $66K | $10K | 10x | |
| Aster SUSDT | +0.0021% | 4h | 0.03909 | −0.108% | $43K | $212K | 10x | as long as short |
| 01 Exchange SUSD | +0.0032% | 1h | 0.03900 | −0.332% | $24K | $3K | 5x | as long as short |
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Aster SUSDT
01 Exchange SUSDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.779% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03912 | −0.026% | $164K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03907 | −0.153% | $981K | $877K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03908 | −0.131% | $5.3M | $23.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03904 | −0.230% | $5.6M | $6.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03904 | −0.230% | $974K | $7.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03905 | −0.204% | $319K | $293K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03908 | −0.128% | $3.4M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03905 | −0.204% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03911 | −0.051% | $1.2M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03904 | −0.230% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | −0.077% | $23K | $470K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03906 | −0.184% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03911 | −0.051% | $268K | $146K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0532% | 1h | 0.03920 | +0.179% | $114K | $298K | 5x | as long as short |
Injective S/USDC PERP
Lighter S
Hyperliquid S
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