Spread before costs (cost unknown: a leg has no order-book sample)+0.627%
7d average—if it closes, per $10,000$63funding while held, a day+$57.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International S-PERP-INTX | 0.03826 | −0.1824 | get 0.0228% / 1h | 58m 37s | $47K | $10K | 25x |
| Short | Backpack S_USDC_PERP | 0.03850 | 0.0100 | get 0.0013% / 1h | 58m 37s | $116K | $241K | 5x |
Coinbase International S-PERP-INTX
Backpack S_USDC_PERPPrice 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
- $62.73
- Funding while held
- $57.72
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $100.45
- Spread needed to break even
- 0.200%
Slippage unknown: Coinbase International: no order-book sample; Backpack: live order book, 41 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1924%
- Per $10,000 a day
- +$57.72
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 41 min ago | 12.94 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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.Coinbase International0.03826cheapest
Bybit0.03833+0.183%Gate0.03833+0.183%OKX0.03834+0.209%Extended0.03836+0.255%Binance0.03837+0.288%BingX0.03837+0.288%Bitget0.03838+0.314%Reya0.03839+0.335%Variational Omni0.03839+0.336%MEXC0.03839+0.340%01 Exchange0.03840+0.366%KuCoin0.03840+0.366%Hyperliquid0.03840+0.371%BloFin0.03842+0.418%Lighter0.03843+0.444%Kraken Futures0.03843+0.448%Orderly0.03844+0.470%Aster0.03845+0.497%Deribit0.03848+0.575%GMX0.03848+0.585%gTrade (Gains Network)0.03849+0.602%
Bybit
Gate
OKX
Extended
Binance
BingX
Bitget
Reya
Variational Omni
MEXC
KuCoin
Hyperliquid
BloFin
Lighter
Kraken Futures
Orderly
Aster
Deribit
GMX
gTrade (Gains Network)Backpack0.03850+0.627%
ApeX Omni0.03850+0.627%
ApeX OmniInjective0.04100+7.162%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International S-PERP-INTXlong | 0.000% | −0.1824% | 1h | $47K | $10K | 25x | |
| Bybit SUSDT | +0.183% | +0.0100% | 4h | $5.5M | $9.0M | 50x | as long as short |
| Gate S_USDT | +0.183% | +0.0100% | 4h | $317K | $356K | 50x | as long as short |
| OKX S-USDT-SWAP | +0.209% | +0.0026% | 4h | $960K | $11.8M | 20x | as long as short |
| Extended S-USD | +0.255% | +0.0104% | 1h | $216K | $944K | 10x | as long as short |
| Binance SUSDT | +0.288% | +0.0100% | 4h | $5.2M | $38.3M | 75x | as long as short |
| BingX S-USDT | +0.288% | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Bitget SUSDT | +0.314% | +0.0100% | 4h | $1.2M | $4.6M | 50x | as long as short |
| Reya SRUSDPERP | +0.335% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Variational Omni S | +0.336% | −0.1171% | 4h | $598K | $117K | — | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC S_USDT | +0.340% | +0.0100% | 4h | $3.5M | $3.4M | 200x | as long as short |
| 01 Exchange SUSD | +0.366% | −0.0864% | 1h | $23K | $3K | 5x | as long as short |
| KuCoin SUSDTM | +0.366% | +0.0100% | 4h | $1.8M | $3.7M | 50x | as long as short |
| Hyperliquid S | +0.371% | −0.0427% | 1h | $981K | $1.4M | 5x | as long as short |
| BloFin S-USDT | +0.418% | +0.0340% | 4h | $273K | $259K | 75x | as long as short |
| Lighter S | +0.444% | +0.0096% | 1h | $161K | $304K | 5x | as long as short |
| Kraken Futures PF_SUSD | +0.448% | −0.2338% | 1h | $33K | $43K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.470% | −0.0107% | 4h | $101K | $324K | 10x | as long as short |
| Aster SUSDT | +0.497% | −0.0256% | 4h | $41K | $258K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.575% | −0.0010% | 1h | $65K | $10K | 10x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.585% | L −0.0225% / S +0.0214% | 1h | $1K | — | 100x | as long as short |
| gTrade (Gains Network) S/USD | +0.602% | L +0.0001% / S +0.0006% | 1h | $593 | — | 150x | as long as short |
| Backpack S_USDC_PERPshort | +0.627% | +0.0100% | 1h | $116K | $241K | 5x | |
| ApeX Omni SUSDT | +0.627% | +0.0100% | 1h | $20K | $494K | 50x | as long as short |
| Injective S/USDC PERP | +7.162% | +0.0033% | 1h | $2K | $88K | 12x | as long as short |