Funding you earn now, next payment 05:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.063%
Price spread now: KuCoin against Deribit+0.079%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.079% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALT_USDC-PERPETUAL | 0.007626 | −0.0012 | get 0.0002% / 1h | 46m 22s | — | $0 | 25x |
| Short | KuCoin ALTUSDTM | 0.007632 | 0.0100 | get 0.0050% / 4h | 3h 46m | $151K | $20K | 30x |
Deribit ALT_USDC-PERPETUAL
KuCoin ALTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $23.54
- Price spread: +0.079% → 0.000%
- $7.87
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $12.41
- Costs to cover
- 0.190%
- Break-even
- 3.3 days
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 18 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 KuCoin live order book, 18 min ago | 9.81 bp | 243.9 bp −$244 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUALlong | −0.0012% | 1h | 0.007626 | long leg | — | $0 | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +0.852% | $837 | $4K | 5.5x | as long as short |
| Kraken Futures PF_ALTUSD | +0.0042% | 1h | 0.007630 | +0.051% | $45K | $8K | 10x | as long as short |
| Hyperliquid ALT | +0.0100% | 1h | 0.007625 | −0.013% | $1.1M | $148K | 3x | as long as short |
| Binance ALTUSDT | +0.0100% | 4h | 0.007629 | +0.036% | $2.7M | $3.7M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007627 | +0.013% | $1.2M | $1.9M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007628 | +0.026% | $50K | $379K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007628 | +0.026% | $386K | $177K | 50x | as long as short |
| KuCoin ALTUSDTMshort | +0.0100% | 4h | 0.007632 | +0.079% | $151K | $20K | 30x | |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007628 | +0.026% | $615K | $125K | 50x | as long as short |
Injective ALT/USDC PERP
Kraken Futures PF_ALTUSD
Hyperliquid ALT
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007630 | +0.052% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007625 | −0.011% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0111% | 4h | 0.007631 | +0.066% | $174K | $11K | 50x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0488% | 1h | 0.007691 | +0.852% | $14K | $3K | 50x | as long as short |
BingX ALT-USDT
Variational Omni ALT
BloFin ALT-USDT
Coinbase International ALT-PERP-INTX