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
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=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).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended S-USD | 0.03989 | 0.0104 | pay 0.0013% / 1h | 31m 31s | $225K | $1.1M | 10x |
| Short | Deribit S_USDC-PERPETUAL | 0.03995 | 0.0501 | get 0.0063% / 1h | 31m 31s | $67K | $10K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 2 min ago | 5.02 bp | 33.2 bp −$33 | 249.8 bp −$2,498 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.3256% | 1h | 0.03990 | +0.014% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2027% | 1h | 0.03986 | −0.088% | $34K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03826 | −4.097% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0873% | 4h | 0.03979 | −0.264% | $618K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03991 | +0.037% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03987 | −0.057% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03991 | +0.039% | $615 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0022% | 4h | 0.03989 | −0.011% | $102K | $335K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.772% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03994 | +0.115% | $163K | $191K | 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 | 0.03991 | +0.047% | $999K | $630K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03991 | +0.046% | $44K | $141K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03991 | +0.039% | $5.5M | $16.1M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03988 | −0.036% | $5.7M | $5.0M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03992 | +0.064% | $984K | $4.6M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03986 | −0.086% | $326K | $216K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03991 | +0.039% | $3.7M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03992 | +0.064% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03993 | +0.089% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03991 | +0.039% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03990 | +0.014% | $26K | $446K | 50x | as long as short |
| Extended S-USDlong | +0.0104% | 1h | 0.03989 | long leg | $225K | $1.1M | 10x | |
| Backpack S_USDC_PERP | +0.0137% | 1h | 0.03990 | +0.014% | $116K | $320K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03985 | −0.111% | $269K | $126K | 75x | as long as short |
| Deribit S_USDC-PERPETUALshort | +0.0501% | 1h | 0.03995 | +0.140% | $67K | $10K | 10x |
Extended S-USD
Deribit S_USDC-PERPETUAL
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
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
Backpack S_USDC_PERP
BloFin S-USDT