Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0379%/8h= +41.5% APRnext payment +$0.47 per $10,000 · paid last 24h −0.059%
Price spread now: Deribit against Extended+0.180%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.180% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.040890.0104pay 0.0013% / 1h20m 11s$232K$1.1M10x
ShortDeribit S_USDC-PERPETUAL0.040960.0483get 0.0060% / 1h20m 11s$69K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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

Funding earned
$79.58
Price spread: +0.180% → 0.000%
$17.99
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$85.57
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Extended: live order book, 3 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago6.12 bp37.5 bp −$37237.8 bp −$2,378doesn't fitdoesn't fit
Sell Deribit no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.8352%1h0.03950−3.391%$24K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1464%1h0.04022−1.630%$48K$16K25xas long as short
Kraken Futures PF_SUSD−0.1240%1h0.04087−0.037%$34K$16K10xas long as short
Variational Omni S−0.0438%4h0.04078−0.254%$635K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04092+0.092%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04090+0.022%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04092+0.076%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+0.278%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0051%4h0.04091+0.058%$103K$331K10xas long as short
Lighter S+0.0096%1h0.04095+0.155%$169K$167K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04090+0.038%$1.0M$570K5xas long as short
Aster SUSDT+0.0100%4h0.04089+0.013%$45K$134K10xas long as short
Binance SUSDT+0.0100%4h0.04089+0.009%$5.7M$14.8M75xas long as short
Bybit SUSDT+0.0100%4h0.04085−0.089%$5.8M$4.7M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04089+0.009%$1.0M$4.2M20xas long as short
Gate S_USDT+0.0100%4h0.04082−0.163%$336K$205K50xas long as short
MEXC S_USDT+0.0100%4h0.04089+0.009%$4.0M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04089+0.009%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04092+0.082%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.04088−0.016%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04080−0.211%$26K$445K50xas long as short
Extended S-USDlong+0.0104%1h0.04089long leg$232K$1.1M10x
Deribit S_USDC-PERPETUALshort+0.0483%1h0.04096+0.180%$69K$10K10x
Backpack S_USDC_PERP+0.1033%1h0.04100+0.278%$119K$348K5xas long as short