Funding you earn now, next payment 21:00 UTC−0.1368%/8h= −149.8% APRnext payment −$1.71 per $10,000 · paid last 24h −0.655%
Price spread now: Coinbase International against Extended−2.524%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Coinbase International is 2.524% cheaper against Extended than usual: you would sell low and buy high (−$252 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 | Extended S-USD | 0.03925 | 0.0104 | pay 0.0013% / 1h | 10m 08s | $221K | $883K | 10x |
| Short | Coinbase International S-PERP-INTX | 0.03826 | −0.1264 | pay 0.0158% / 1h | 10m 08s | $47K | $5K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- −$287.28
- Price spread: −2.524% → 0.000%
- −$252.4
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$554.68
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 13 min ago; 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 Extended live order book, 13 min ago | 3.83 bp | 31.2 bp −$31 | 249.9 bp −$2,499 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 | −0.1453% | 1h | 0.03927 | +0.049% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTXshort | −0.1264% | 1h | 0.03826 | −2.524% | $47K | $5K | 25x | |
| Variational Omni S | −0.0889% | 4h | 0.03922 | −0.080% | $610K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0191% / S +0.0185% | 1h | 0.03930 | +0.118% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03927 | +0.045% | $4 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0008% | 4h | 0.03927 | +0.049% | $100K | $345K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03930 | +0.114% | $606 | — | 150x | as long as short |
| Aster SUSDT | +0.0021% | 4h | 0.03926 | +0.034% | $43K | $212K | 10x | as long as short |
| 01 Exchange SUSD | +0.0032% | 1h | 0.03930 | +0.126% | $24K | $3K | 5x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.457% | $2K | $37K | 12x | as long as short |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03929 | +0.100% | $165K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03927 | +0.049% | $993K | $901K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03926 | +0.032% | $5.4M | $23.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03921 | −0.104% | $5.6M | $6.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03925 | −0.002% | $980K | $7.3M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03920 | −0.129% | $320K | $293K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03927 | +0.049% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03922 | −0.078% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03928 | +0.075% | $1.2M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03924 | −0.027% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03940 | +0.380% | $25K | $471K | 50x | as long as short |
| Extended S-USDlong | +0.0104% | 1h | 0.03925 | long leg | $221K | $883K | 10x | |
| Deribit S_USDC-PERPETUAL | +0.0259% | 1h | 0.03932 | +0.177% | $66K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03930 | +0.126% | $268K | $159K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0507% | 1h | 0.03940 | +0.380% | $115K | $295K | 5x | as long as short |
Extended S-USD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Aster SUSDT
01 Exchange SUSD
Injective S/USDC PERP
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP