Funding you earn now, next payment 03:00 UTC−0.0446%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h −0.173%
Price spread now: Deribit against Extended−0.589%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.589% cheaper against Extended than usual: you would sell low and buy high (−$59 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 | Extended W-USD | 0.01188 | 0.0104 | pay 0.0013% / 1h | 56m 38s | $59K | $234K | 5x |
| Short | Deribit W_USDC-PERPETUAL | 0.01181 | −0.0342 | pay 0.0043% / 1h | 56m 38s | $16K | $2K | 10x |
Extended W-USD
Deribit W_USDC-PERPETUALFunding 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
- −$93.73
- Price spread: −0.589% → 0.000%
- −$58.86
- 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
- −$164.59
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 5 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, 5 min ago | 2.96 bp | 96.3 bp −$96 | 412.1 bp −$4,121 | 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.
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-PERPETUALshort | −0.0342% | 1h | 0.01181 | −0.589% | $16K | $2K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.760% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01186 | −0.176% | $2.0M | $385K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01187 | −0.074% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01188 | −0.033% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01188 | −0.008% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01190 | +0.161% | $449K | $251K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01188 | −0.016% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01183 | −0.429% | $387K | $212K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01190 | +0.161% | $1.3M | $567K | 50x | as long as short |
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 | 0.01189 | +0.043% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01179 | −0.753% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01182 | −0.513% | $129K | $393K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01188 | long leg | $59K | $234K | 5x | |
| Backpack W_USDC_PERP | +0.0297% | 1h | 0.01184 | −0.370% | $44K | $46K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01185 | −0.286% | $14K | $15K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1716% | 1h | 0.01184 | −0.338% | $147K | $180K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD