Spread before costs (cost unknown: a leg has no order-book sample)+0.459%
7d average—if it closes, per $10,000$46funding while held, a day−$2.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01178 | 0.0100 | pay 0.0050% / 4h | 1h 16m | — | $6.9M | — |
| Short | Coinbase International W-PERP-INTX | 0.01183 | 0.0024 | get 0.0003% / 1h | 16m 33s | $14K | $20K | 50x |
BingX W-USDT
Coinbase International W-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $45.86
- Funding while held
- −$2.28
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $23.58
- Spread needed to break even
- 0.200%
Slippage unknown: BingX: live order book, 13 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0076%
- Per $10,000 a day
- −$2.28
- Average in range /8h
- —
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 BingX live order book, 13 min ago | 3.41 bp | 17.3 bp −$17 | 49.9 bp −$499 | 567.2 bp −$56.7K | 1094.5 bp −$547.2K |
| 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.
W price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.01173cheapestOKX0.01174+0.068%Variational Omni0.01175+0.106%KuCoin0.01176+0.230%Binance0.01178+0.358%
Bybit
OKX
Variational Omni
KuCoin
BinanceBingX0.01178+0.366%
Gate0.01178+0.392%Hyperliquid0.01178+0.401%Bitget0.01178+0.401%Extended0.01178+0.425%MEXC0.01178+0.426%Deribit0.01178+0.426%Backpack0.01179+0.503%Kraken Futures0.01181+0.654%
Gate
Hyperliquid
Bitget
Extended
MEXC
Deribit
Backpack
Kraken FuturesCoinbase International0.01183+0.827%
Injective0.01209+3.043%
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit WUSDT | −0.365% | +0.0100% | 4h | $4.1M | $2.2M | 50x | as long as short |
| OKX W-USDT-SWAP | −0.297% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| Variational Omni W | −0.260% | +0.0100% | 4h | $71K | $42K | — | as long as short |
| KuCoin WUSDTM | −0.136% | +0.0100% | 4h | $416K | $244K | 50x | as long as short |
| Binance WUSDT | −0.008% | +0.0100% | 4h | $3.0M | $8.1M | 50x | as long as short |
| BingX W-USDTlong | 0.000% | +0.0100% | 4h | — | $6.9M | — | |
| Gate W_USDT | +0.025% | +0.0100% | 4h | $446K | $326K | 75x | as long as short |
| Hyperliquid W | +0.034% | +0.0100% | 1h | $2.0M | $569K | 5x | as long as short |
| Bitget WUSDT | +0.034% | +0.0100% | 4h | $1.2M | $580K | 50x | as long as short |
| Extended W-USD | +0.058% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC W_USDT | +0.059% | +0.0100% | 4h | $12.3M | $1.4M | 50x | as long as short |
| Deribit W_USDC-PERPETUAL | +0.059% | −0.0259% | 1h | $18K | $351 | 10x | as long as short |
| Backpack W_USDC_PERP | +0.136% | +0.0100% | 1h | $39K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.286% | +0.0895% | 1h | $147K | $194K | 20x | as long as short |
| Coinbase International W-PERP-INTXshort | +0.459% | +0.0024% | 1h | $14K | $20K | 50x | |
| Injective W/USDC PERP | +2.666% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |