Funding you earn now, next payment 02:00 UTC−0.0380%/8h= −41.6% APRnext payment −$0.48 per $10,000 · paid last 24h +0.059%
Price spread now: Extended against Deribit−0.137%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.137% cheaper against Deribit than usual: you would sell low and buy high (−$14 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 | 0.04090 | 0.0484 | pay 0.0061% / 1h | 21m 12s | $69K | $10K | 10x |
| Short | Extended S-USD | 0.04084 | 0.0104 | get 0.0013% / 1h | 21m 12s | $232K | $1.1M | 10x |
Deribit S_USDC-PERPETUAL
Extended S-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Deribit. 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
- −$79.81
- Price spread: −0.137% → 0.000%
- −$13.75
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$105.56
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 2 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 2 min ago | 6.12 bp | 37.6 bp −$38 | 254.6 bp −$2,546 | doesn't fit | doesn't fit |
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 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 | −0.8288% | 1h | 0.03940 | −3.667% | $24K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.04022 | −1.663% | $48K | $16K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1241% | 1h | 0.04081 | −0.210% | $34K | $16K | 10x | as long as short |
| Variational Omni S | −0.0462% | 4h | 0.04064 | −0.628% | $632K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04087 | −0.073% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04092 | +0.056% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04087 | −0.075% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.244% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0050% | 4h | 0.04087 | −0.073% | $103K | $331K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04089 | −0.024% | $169K | $167K | 5x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04093 | +0.086% | $1.0M | $570K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04094 | +0.099% | $45K | $134K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04084 | −0.140% | $5.7M | $14.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04080 | −0.244% | $5.8M | $4.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04084 | −0.147% | $1.0M | $4.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04096 | +0.147% | $337K | $205K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04085 | −0.122% | $4.0M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04083 | −0.171% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04088 | −0.049% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04084 | −0.147% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04080 | −0.244% | $26K | $445K | 50x | as long as short |
| Extended S-USDshort | +0.0104% | 1h | 0.04084 | −0.137% | $232K | $1.1M | 10x | |
| Deribit S_USDC-PERPETUALlong | +0.0484% | 1h | 0.04090 | long leg | $69K | $10K | 10x | |
| Backpack S_USDC_PERP | +0.1056% | 1h | 0.04090 | 0.000% | $119K | $348K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Backpack S_USDC_PERP