Spread before costs (cost unknown: a leg has no order-book sample)−0.323%
7d average—if it closes, per $10,000$32funding while held, a day−$11.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International W-PERP-INTX | 0.01177 | 0.0024 | pay 0.0003% / 1h | 34m 31s | $14K | $20K | 50x |
| Short | Deribit W_USDC-PERPETUAL | 0.01173 | −0.0346 | pay 0.0043% / 1h | 34m 31s | $18K | $351 | 10x |
Coinbase International W-PERP-INTX
Deribit W_USDC-PERPETUALPrice 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
- −$32.29
- Funding while held
- −$11.11
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$60.39
- Spread needed to break even
- 0.170%
Slippage unknown: Coinbase International: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0370%
- Per $10,000 a day
- −$11.11
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Coinbase International and 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.
W price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.01172cheapest
Variational OmniDeribit0.01173+0.082%
OKX0.01174+0.142%KuCoin0.01174+0.150%Bybit0.01174+0.159%BingX0.01175+0.201%Backpack0.01175+0.210%MEXC0.01175+0.218%Hyperliquid0.01175+0.235%Bitget0.01175+0.235%Extended0.01175+0.244%Binance0.01175+0.269%Kraken Futures0.01176+0.337%
OKX
KuCoin
Bybit
BingX
Backpack
MEXC
Hyperliquid
Bitget
Extended
Binance
Kraken FuturesCoinbase International0.01177+0.406%
Gate0.01180+0.662%Injective0.01209+3.136%
Gate
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni W | −0.404% | +0.0100% | 4h | $71K | $42K | — | as long as short |
| Deribit W_USDC-PERPETUALshort | −0.323% | −0.0346% | 1h | $18K | $351 | 10x | |
| OKX W-USDT-SWAP | −0.263% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| KuCoin WUSDTM | −0.255% | +0.0100% | 4h | $416K | $249K | 50x | as long as short |
| Bybit WUSDT | −0.246% | +0.0100% | 4h | $4.1M | $2.2M | 50x | as long as short |
| BingX W-USDT | −0.204% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Backpack W_USDC_PERP | −0.195% | +0.0140% | 1h | $39K | $49K | 15x | as long as short |
| MEXC W_USDT | −0.187% | +0.0100% | 4h | $12.3M | $1.4M | 50x | as long as short |
| Hyperliquid W | −0.170% | +0.0100% | 1h | $2.0M | $577K | 5x | as long as short |
| Bitget WUSDT | −0.170% | +0.0100% | 4h | $1.2M | $579K | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended W-USD | −0.161% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| Binance WUSDT | −0.136% | +0.0100% | 4h | $3.0M | $8.3M | 50x | as long as short |
| Kraken Futures PF_WUSD | −0.069% | +0.0898% | 1h | $146K | $192K | 20x | as long as short |
| Coinbase International W-PERP-INTXlong | 0.000% | +0.0024% | 1h | $14K | $20K | 50x | |
| Gate W_USDT | +0.255% | +0.0100% | 4h | $447K | $324K | 75x | as long as short |
| Injective W/USDC PERP | +2.719% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |