Settings8H · net · $10k
Funding arb · Price arb /

S

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0398%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h −0.060%
Price spread now: Deribit against Extended+0.140%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.140% dearer against Extended than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039890.0104pay 0.0013% / 1h31m 31s$225K$1.1M10x
ShortDeribit S_USDC-PERPETUAL0.039950.0501get 0.0063% / 1h31m 31s$67K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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

Funding earned
$83.48
Price spread: +0.140% → 0.000%
$13.96
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$85.43
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Extended: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago5.02 bp33.2 bp −$33249.8 bp −$2,498doesn't fitdoesn'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.

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.3256%1h0.03990+0.014%$25K$2K5xas long as short
Kraken Futures PF_SUSD−0.2027%1h0.03986−0.088%$34K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1240%1h0.03826−4.097%$47K$5K25xas long as short
Variational Omni S−0.0873%4h0.03979−0.264%$618K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03991+0.037%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03987−0.057%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03991+0.039%$615150xas long as short
Orderly PERP_S_USDC+0.0022%4h0.03989−0.011%$102K$335K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+2.772%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03994+0.115%$163K$191K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03991+0.047%$999K$630K5xas long as short
Aster SUSDT+0.0100%4h0.03991+0.046%$44K$141K10xas long as short
Binance SUSDT+0.0100%4h0.03991+0.039%$5.5M$16.1M75xas long as short
Bybit SUSDT+0.0100%4h0.03988−0.036%$5.7M$5.0M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03992+0.064%$984K$4.6M20xas long as short
Gate S_USDT+0.0100%4h0.03986−0.086%$326K$216K50xas long as short
MEXC S_USDT+0.0100%4h0.03991+0.039%$3.7M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03992+0.064%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03993+0.089%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.03991+0.039%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03990+0.014%$26K$446K50xas long as short
Extended S-USDlong+0.0104%1h0.03989long leg$225K$1.1M10x
Backpack S_USDC_PERP+0.0137%1h0.03990+0.014%$116K$320K5xas long as short
BloFin S-USDT+0.0340%4h0.03985−0.111%$269K$126K75xas long as short
Deribit S_USDC-PERPETUALshort+0.0501%1h0.03995+0.140%$67K$10K10x