S

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1951%/8h= −213.6% APRnext payment −$2.44 per $10,000 · paid last 24h −0.548%

Price spread now: Coinbase International against Deribit−1.252%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$59 a day on $10k at the current rate, and Coinbase International is 1.252% cheaper against Deribit than usual: you would sell low and buy high (−$125 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit S_USDC-PERPETUAL	0.04073	0.0487	pay 0.0061% / 1h	4m 30s	$68K	$10K	10x
Short	Coinbase International S-PERP-INTX	0.04022	−0.1464	pay 0.0183% / 1h	4m 30s	$48K	$16K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −1.252%Rate

Funding earned: −$409.73
Price spread: −1.252% → 0.000%: −$125.21
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: −$551.95
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Coinbase International: no order-book sample. 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 no order-book sample	—	—	—	—	—

Deribit and 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 24 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
01 Exchange SUSD	−0.8960%	1h	0.03950	−3.020%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTXshort	−0.1464%	1h	0.04022	−1.252%	$48K	$16K	25x
Kraken Futures PF_SUSD	−0.1246%	1h	0.04065	−0.191%	$34K	$16K	10x	as long as short
Variational Omni S	−0.0372%	4h	0.04063	−0.238%	$632K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04070	−0.064%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04066	−0.164%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04070	−0.065%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.663%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0053%	4h	0.04068	−0.123%	$101K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04068	−0.123%	$169K	$167K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04069	−0.108%	$1.0M	$562K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04065	−0.186%	$44K	$134K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04068	−0.123%	$5.6M	$14.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04062	−0.270%	$5.8M	$4.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04069	−0.098%	$1.0M	$4.1M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04063	−0.246%	$334K	$206K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04068	−0.123%	$4.0M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04068	−0.123%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04070	−0.074%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04067	−0.147%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04080	+0.172%	$24K	$446K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04067	−0.158%	$229K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUALlong	+0.0487%	1h	0.04073	long leg	$68K	$10K	10x
Backpack S_USDC_PERP	+0.0951%	1h	0.04080	+0.172%	$119K	$349K	5x	as long as short