Funding you earn now, next payment 03:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h —
Price spread now: Coinbase International against Deribit+0.091%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 15 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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.091% dearer against Deribit than usual: you sell high and buy low: +$9 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 | Deribit COIN50_USDC-PERPETUAL | 341.18 | 0 | get 0.0000% / 1h | 15m 25s | $1K | $1K | 50x |
| Short | Coinbase International COIN50-PERP-INTX | 341.49 | 0.0280 | get 0.0035% / 1h | 15m 25s | $969K | $1.7M | 50x |
Deribit COIN50_USDC-PERPETUAL
Coinbase International COIN50-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $58.8
- Price spread: +0.091% → 0.000%
- $9.09
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $50.89
- Costs to cover
- 0.170%
- Break-even
- 0.9 days
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 2.93 bp | 15.5 bp −$15 | 25.8 bp −$258 | 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.
COIN50 on 2 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 COIN50_USDC-PERPETUALlong | 0.0000% | 1h | 341.18 | long leg | $1K | $1K | 50x | |
| Coinbase International COIN50-PERP-INTXshort | +0.0280% | 1h | 341.49 | +0.091% | $969K | $1.7M | 50x |