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
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 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).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended S-USD | 0.04089 | 0.0104 | pay 0.0013% / 1h | 20m 11s | $232K | $1.1M | 10x |
| Short | Deribit S_USDC-PERPETUAL | 0.04096 | 0.0483 | get 0.0060% / 1h | 20m 11s | $69K | $10K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 3 min ago | 6.12 bp | 37.5 bp −$37 | 237.8 bp −$2,378 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.8352% | 1h | 0.03950 | −3.391% | $24K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1464% | 1h | 0.04022 | −1.630% | $48K | $16K | 25x | as long as short |
| Kraken Futures PF_SUSD | −0.1240% | 1h | 0.04087 | −0.037% | $34K | $16K | 10x | as long as short |
| Variational Omni S | −0.0438% | 4h | 0.04078 | −0.254% | $635K | $30K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04092 | +0.092% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04090 | +0.022% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04092 | +0.076% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.278% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0051% | 4h | 0.04091 | +0.058% | $103K | $331K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04095 | +0.155% | $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 | 0.04090 | +0.038% | $1.0M | $570K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04089 | +0.013% | $45K | $134K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04089 | +0.009% | $5.7M | $14.8M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04085 | −0.089% | $5.8M | $4.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04089 | +0.009% | $1.0M | $4.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04082 | −0.163% | $336K | $205K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04089 | +0.009% | $4.0M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04089 | +0.009% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04092 | +0.082% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04088 | −0.016% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04080 | −0.211% | $26K | $445K | 50x | as long as short |
| Extended S-USDlong | +0.0104% | 1h | 0.04089 | long leg | $232K | $1.1M | 10x | |
| Deribit S_USDC-PERPETUALshort | +0.0483% | 1h | 0.04096 | +0.180% | $69K | $10K | 10x | |
| Backpack S_USDC_PERP | +0.1033% | 1h | 0.04100 | +0.278% | $119K | $348K | 5x | as long as short |
Extended S-USD
Deribit S_USDC-PERPETUAL
01 Exchange SUSD
Coinbase International S-PERP-INTX
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Lighter S
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