S

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0261%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h −0.002%

Price spread now: gTrade (Gains Network) against Deribit−0.064%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

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 −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.064% cheaper against Deribit than usual: you would sell low and buy high (−$6 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	Deribit S_USDC-PERPETUAL	0.03961	0.0255	pay 0.0032% / 1h	49m 11s	$67K	$10K	10x
Short	gTrade (Gains Network) S/USD	0.03958	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	49m 11s	$610	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.064%Rate

Funding earned: −$54.87
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$78.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Deribit and gTrade (Gains Network): 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 SUSD	−0.9336%	1h	0.03840	−3.055%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1842%	1h	0.03949	−0.302%	$32K	$14K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03929	−0.808%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03958	−0.073%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03953	−0.193%	$4	—	15x	as long as short
Variational Omni S	−0.0089%	4h	0.03956	−0.118%	$614K	$29K	—	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03958	−0.064%	$610	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.509%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03959	−0.050%	$98K	$367K	10x	as long as short
Lighter S	+0.0096%	1h	0.03959	−0.050%	$167K	$138K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03956	−0.119%	$996K	$588K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03958	−0.065%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03955	−0.151%	$5.5M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03949	−0.303%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03958	−0.076%	$980K	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03955	−0.151%	$322K	$183K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03955	−0.151%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03955	−0.151%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03957	−0.101%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03953	−0.202%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.227%	$23K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03954	−0.166%	$222K	$595K	10x	as long as short
Deribit S_USDC-PERPETUALlong	+0.0255%	1h	0.03961	long leg	$67K	$10K	10x
BloFin S-USDT	+0.0340%	4h	0.03953	−0.202%	$270K	$101K	75x	as long as short
Backpack S_USDC_PERP	+0.1975%	1h	0.03970	+0.227%	$115K	$426K	5x	as long as short