Spread before costs (cost unknown: a leg has no order-book sample)+0.196%
7d average—if it closes, per $10,000$20funding while held, a day+$4.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SUSDT | 0.03880 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $5.3M | $40.5M | 75x |
| Short | Deribit S_USDC-PERPETUAL | 0.03888 | 0.0265 | get 0.0033% / 1h | 23m 30s | $65K | $11K | 10x |
Binance SUSDT
Deribit S_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $19.61
- Funding while held
- $4.94
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $7.55
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0165%
- Per $10,000 a day
- +$4.94
- Average in range /8h
- —
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 Binance live order book, 5 min ago | 1.28 bp | 21.4 bp −$21 | 64.9 bp −$649 | 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.
S price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.03750cheapestCoinbase International0.03874+3.307%Bybit0.03876+3.360%OKX0.03877+3.387%Gate0.03877+3.387%BingX0.03878+3.413%Reya0.03878+3.417%Extended0.03879+3.439%
Coinbase International
Bybit
OKX
Gate
BingX
Reya
ExtendedBinance0.03880+3.477%
MEXC0.03881+3.493%KuCoin0.03881+3.493%Bitget0.03881+3.493%Hyperliquid0.03882+3.520%Orderly0.03882+3.520%Kraken Futures0.03883+3.541%Lighter0.03883+3.547%gTrade (Gains Network)0.03885+3.604%GMX0.03886+3.627%Aster0.03887+3.653%
MEXC
KuCoin
Bitget
Hyperliquid
Orderly
Kraken Futures
Lighter
gTrade (Gains Network)
GMX
AsterDeribit0.03888+3.680%
Backpack0.03890+3.733%Variational Omni0.03891+3.748%BloFin0.03896+3.893%ApeX Omni0.03900+4.000%
Backpack
Variational Omni
BloFin
ApeX OmniInjective0.04100+9.333%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −3.360% | −1.2712% | 1h | $22K | $3K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.165% | −0.2448% | 1h | $48K | $11K | 25x | as long as short |
| Bybit SUSDT | −0.113% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| OKX S-USDT-SWAP | −0.087% | +0.0100% | 4h | $985K | $12.3M | 20x | as long as short |
| Gate S_USDT | −0.087% | +0.0100% | 4h | $323K | $374K | 50x | as long as short |
| BingX S-USDT | −0.062% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Reya SRUSDPERP | −0.058% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Extended S-USD | −0.037% | +0.0104% | 1h | $219K | $946K | 10x | as long as short |
| Binance SUSDTlong | 0.000% | +0.0100% | 4h | $5.3M | $40.5M | 75x | |
| MEXC S_USDT | +0.016% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin SUSDTM | +0.016% | +0.0100% | 4h | $1.8M | $3.8M | 50x | as long as short |
| Bitget SUSDT | +0.016% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Hyperliquid S | +0.041% | +0.0100% | 1h | $1.0M | $1.5M | 5x | as long as short |
| Orderly PERP_S_USDC | +0.041% | −0.0125% | 4h | $102K | $330K | 10x | as long as short |
| Kraken Futures PF_SUSD | +0.062% | −0.2945% | 1h | $33K | $48K | 10x | as long as short |
| Lighter S | +0.067% | +0.0096% | 1h | $163K | $324K | 5x | as long as short |
| gTrade (Gains Network) S/USD | +0.123% | L +0.0001% / S +0.0006% | 1h | $599 | — | 150x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.145% | L −0.0373% / S +0.0345% | 1h | $1K | — | 100x | as long as short |
| Aster SUSDT | +0.170% | −0.0096% | 4h | $42K | $266K | 10x | as long as short |
| Deribit S_USDC-PERPETUALshort | +0.196% | +0.0265% | 1h | $65K | $11K | 10x | |
| Backpack S_USDC_PERP | +0.248% | +0.0100% | 1h | $113K | $227K | 5x | as long as short |
| Variational Omni S | +0.262% | −0.0822% | 4h | $606K | $121K | — | as long as short |
| BloFin S-USDT | +0.402% | +0.0340% | 4h | $282K | $264K | 75x | as long as short |
| ApeX Omni SUSDT | +0.505% | +0.0100% | 1h | $23K | $500K | 50x | as long as short |
| Injective S/USDC PERP | +5.659% | +0.0033% | 1h | $2K | $120K | 12x | as long as short |