Funding you earn now, next payment 01:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h —
Price spread now: Bitget against Deribit−0.119%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 8 hours (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 −$5 a day on $10k at the current rate, and Bitget is 0.119% cheaper against Deribit than usual: you would sell low and buy high (−$12 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 ALT_USDC-PERPETUAL | 0.007576 | 0.0278 | pay 0.0035% / 1h | 58m 58s | — | $0 | 25x |
| Short | Bitget ALTUSDT | 0.007567 | 0.0100 | get 0.0050% / 4h | 3h 58m | $608K | $119K | 50x |
Deribit ALT_USDC-PERPETUAL
Bitget ALTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- −$37.43
- Price spread: −0.119% → 0.000%
- −$11.88
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$68.31
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 11 min ago. 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 Bitget live order book, 11 min ago | 3.98 bp | 35.1 bp −$35 | 119.9 bp −$1,199 | doesn't fit | doesn't fit |
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.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | −0.0495% | 1h | 0.007575 | −0.012% | $44K | $8K | 10x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −2.574% | $815 | $4K | 5.5x | as long as short |
| Variational Omni ALT | +0.0041% | 4h | 0.007565 | −0.139% | $5K | $13K | — | as long as short |
| BloFin ALT-USDT | +0.0085% | 4h | 0.007567 | −0.119% | $170K | $10K | 50x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007568 | −0.106% | $1.1M | $183K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007572 | −0.056% | $2.6M | $3.6M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007562 | −0.185% | $1.2M | $1.6M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007570 | −0.079% | $52K | $401K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007574 | −0.026% | $403K | $183K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007578 | +0.026% | $150K | $21K | 30x | as long as short |
Kraken Futures PF_ALTUSD
Injective ALT/USDC PERP
Variational Omni ALT
BloFin ALT-USDT
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDTshort | +0.0100% | 4h | 0.007567 | −0.119% | $608K | $119K | 50x | |
| BingX ALT-USDT | +0.0100% | 4h | 0.007572 | −0.053% | — | $1.3M | — | as long as short |
| Deribit ALT_USDC-PERPETUALlong | +0.0278% | 1h | 0.007576 | long leg | — | $0 | 25x | |
| Coinbase International ALT-PERP-INTX | +0.0392% | 1h | 0.007589 | +0.172% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
Coinbase International ALT-PERP-INTX