Funding you earn now, next payment 02:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.030%
Price spread now: Coinbase International against Extended+0.136%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$6 a day on $10k at the current rate, and Coinbase International is 0.136% 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 W-USD | 0.01183 | 0.0104 | pay 0.0013% / 1h | 58m 31s | $59K | $234K | 5x |
| Short | Coinbase International W-PERP-INTX | 0.01185 | 0.0312 | get 0.0039% / 1h | 58m 31s | $14K | $15K | 50x |
Extended W-USD
Coinbase International W-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $43.68
- Price spread: +0.136% → 0.000%
- $13.64
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $42.32
- Costs to cover
- 0.150%
- Break-even
- 0.2 days
Slippage unknown: Extended: live order book, 3 min ago; 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 Extended live order book, 3 min ago | 2.96 bp | 96.3 bp −$96 | 412.1 bp −$4,121 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0511% | 1h | 0.01182 | −0.058% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.190% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01183 | −0.007% | $2.0M | $385K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01183 | +0.003% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01181 | −0.151% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01182 | −0.100% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.261% | $445K | $251K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01184 | +0.052% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01183 | −0.007% | $387K | $212K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01183 | −0.007% | $1.3M | $568K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01182 | −0.066% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01179 | −0.333% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01181 | −0.176% | $129K | $393K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01183 | long leg | $59K | $234K | 5x | |
| Coinbase International W-PERP-INTXshort | +0.0312% | 1h | 0.01185 | +0.136% | $14K | $15K | 50x | |
| Backpack W_USDC_PERP | +0.0740% | 1h | 0.01185 | +0.128% | $44K | $46K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1714% | 1h | 0.01186 | +0.242% | $147K | $180K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Backpack W_USDC_PERP
Kraken Futures PF_WUSD