Spread before costs (cost unknown: a leg has no order-book sample)−0.180%
7d average—if it closes, per $10,000$18funding while held, a day+$2.78
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit S_USDC-PERPETUAL | 0.03888 | 0.0007 | pay 0.0001% / 1h | 54m 29s | $65K | $10K | 10x |
| Short | BingX S-USDT | 0.03881 | 0.0100 | get 0.0050% / 4h | 54m 29s | — | $7.0M | — |
Deribit S_USDC-PERPETUAL
BingX S-USDTPrice 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
- −$18
- Funding while held
- $2.78
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$32.22
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0093%
- Per $10,000 a day
- +$2.78
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 5 min ago | 3.86 bp | 15.5 bp −$16 | 49.8 bp −$498 | 367.1 bp −$36.7K | 747.4 bp −$373.7K |
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.Coinbase International0.03826cheapestVariational Omni0.03877+1.321%Extended0.03878+1.369%Bybit0.03880+1.411%01 Exchange0.03880+1.411%Gate0.03880+1.411%KuCoin0.03880+1.411%OKX0.03881+1.438%
Coinbase International
Variational Omni
Extended
Bybit
Gate
KuCoin
OKXBingX0.03881+1.438%
Aster0.03881+1.440%Reya0.03883+1.492%Kraken Futures0.03884+1.515%Binance0.03884+1.516%MEXC0.03884+1.516%BloFin0.03884+1.516%Bitget0.03885+1.542%Hyperliquid0.03885+1.550%Lighter0.03887+1.594%Orderly0.03887+1.594%
Aster
Reya
Kraken Futures
Binance
MEXC
BloFin
Bitget
Hyperliquid
Lighter
OrderlyDeribit0.03888+1.620%
gTrade (Gains Network)0.03889+1.659%ApeX Omni0.03890+1.673%GMX0.03891+1.694%Backpack0.03900+1.934%
gTrade (Gains Network)
ApeX Omni
GMX
BackpackInjective0.04100+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-INTX | −1.595% | −0.1488% | 1h | $47K | $9K | 25x | as long as short |
| Variational Omni S | −0.294% | −0.1510% | 4h | $604K | $117K | — | as long as short |
| Extended S-USD | −0.248% | +0.0104% | 1h | $218K | $941K | 10x | as long as short |
| Bybit SUSDT | −0.206% | +0.0100% | 4h | $5.5M | $8.9M | 50x | as long as short |
| 01 Exchange SUSD | −0.206% | −0.0008% | 1h | $24K | $3K | 5x | as long as short |
| Gate S_USDT | −0.206% | +0.0100% | 4h | $317K | $344K | 50x | as long as short |
| KuCoin SUSDTM | −0.206% | +0.0100% | 4h | $1.8M | $3.6M | 50x | as long as short |
| OKX S-USDT-SWAP | −0.180% | −0.0119% | 4h | $970K | $11.8M | 20x | as long as short |
| BingX S-USDTshort | −0.180% | +0.0100% | 4h | — | $7.0M | — | |
| Aster SUSDT | −0.178% | −0.0237% | 4h | $42K | $258K | 10x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya SRUSDPERP | −0.127% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Kraken Futures PF_SUSD | −0.104% | −0.2140% | 1h | $33K | $41K | 10x | as long as short |
| Binance SUSDT | −0.103% | +0.0100% | 4h | $5.3M | $37.4M | 75x | as long as short |
| MEXC S_USDT | −0.103% | +0.0100% | 4h | $3.5M | $3.3M | 200x | as long as short |
| BloFin S-USDT | −0.103% | +0.0340% | 4h | $274K | $260K | 75x | as long as short |
| Bitget SUSDT | −0.077% | +0.0100% | 4h | $1.2M | $4.5M | 50x | as long as short |
| Hyperliquid S | −0.069% | +0.0100% | 1h | $990K | $1.3M | 5x | as long as short |
| Lighter S | −0.026% | +0.0096% | 1h | $163K | $278K | 5x | as long as short |
| Orderly PERP_S_USDC | −0.026% | −0.0093% | 4h | $103K | $320K | 10x | as long as short |
| Deribit S_USDC-PERPETUALlong | 0.000% | +0.0007% | 1h | $65K | $10K | 10x | |
| gTrade (Gains Network) S/USD | +0.038% | L +0.0001% / S +0.0006% | 1h | $599 | — | 150x | as long as short |
| ApeX Omni SUSDT | +0.051% | +0.0100% | 1h | $25K | $493K | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.072% | L −0.0387% / S +0.0191% | 1h | $2K | — | 100x | as long as short |
| Backpack S_USDC_PERP | +0.309% | +0.1537% | 1h | $113K | $257K | 5x | as long as short |
| Injective S/USDC PERP | +5.453% | +0.0033% | 1h | $2K | $37K | 12x | as long as short |