Funding you earn now, next payment 22:00 UTC+0.1676%/8h= +183.5% APRpaid last 24h +0.643%
Price spread now: Binance against Coinbase International+2.358%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$50 a day on $10k at the current rate, and Binance is 2.358% dearer against Coinbase International than usual: you sell high and buy low: +$236 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 | Coinbase International S-PERP-INTX | 0.03826 | −0.1576 | get 0.0197% / 1h | 28m 29s | $47K | $5K | 25x |
| Short | Binance SUSDT | 0.03916 | 0.0100 | get 0.0050% / 4h | 1h 28m | $5.3M | $19.5M | 75x |
Coinbase International S-PERP-INTX
Binance SUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $351.96
- Price spread: +2.358% → 0.000%
- $235.78
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $567.74
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 13 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 1.27 bp | 20.3 bp −$20 | 61.4 bp −$614 | 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 on 25 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_SUSD | −0.1596% | 1h | 0.03915 | +2.329% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1576% | 1h | 0.03826 | long leg | $47K | $5K | 25x | |
| Variational Omni S | −0.0847% | 4h | 0.03915 | +2.326% | $609K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0196% / S +0.0189% | 1h | 0.03914 | +2.311% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03913 | +2.274% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03916 | +2.360% | $604 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0028% | 4h | 0.03914 | +2.300% | $100K | $345K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +7.162% | $2K | $37K | 12x | as long as short |
| Aster SUSDT | +0.0093% | 4h | 0.03922 | +2.498% | $43K | $212K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03926 | +2.614% | $164K | $223K | 5x | as long as short |
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Aster SUSDT
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03916 | +2.352% | $983K | $757K | 5x | as long as short |
| Binance SUSDTshort | +0.0100% | 4h | 0.03916 | +2.358% | $5.3M | $19.5M | 75x | |
| Bybit SUSDT | +0.0100% | 4h | 0.03909 | +2.169% | $5.6M | $5.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03913 | +2.274% | $975K | $6.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03920 | +2.457% | $320K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03916 | +2.352% | $3.6M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03912 | +2.248% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03918 | +2.405% | $1.2M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03913 | +2.274% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | +2.718% | $25K | $464K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03911 | +2.209% | $221K | $881K | 10x | as long as short |
| 01 Exchange SUSD | +0.0128% | 1h | 0.03920 | +2.457% | $24K | $2K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0260% | 1h | 0.03926 | +2.614% | $66K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0295% | 1h | 0.03920 | +2.457% | $114K | $300K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03919 | +2.431% | $268K | $126K | 75x | as long as short |
Hyperliquid S
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
01 Exchange SUSD
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP
BloFin S-USDT