Spread before costs (cost unknown: a leg has no order-book sample)+2.719%
7d average—if it closes, per $10,000$272funding while held, a day+$0.28
| 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 | 40m 14s | $14K | $22K | 50x |
| Short | Injective W/USDC PERP | 0.01209 | 0.0033 | get 0.0004% / 1h | 40m 14s | $1K | $23K | 12x |
Coinbase International W-PERP-INTX
Injective W/USDC PERPPrice 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
- $271.88
- Funding while held
- $0.28
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $262.14
- Spread needed to break even
- 0.100%
Slippage unknown: Coinbase International: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0009%
- Per $10,000 a day
- +$0.28
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Coinbase International and Injective: 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.Binance0.01169cheapestBybit0.01169+0.026%Gate0.01169+0.026%OKX0.01170+0.043%KuCoin0.01170+0.077%Bitget0.01170+0.077%Extended0.01170+0.093%MEXC0.01171+0.137%Hyperliquid0.01171+0.163%BingX0.01171+0.188%Backpack0.01172+0.214%Deribit0.01172+0.214%Variational Omni0.01172+0.218%Kraken Futures0.01173+0.356%
Binance
Bybit
Gate
OKX
KuCoin
Bitget
Extended
MEXC
Hyperliquid
BingX
Backpack
Deribit
Variational Omni
Kraken FuturesCoinbase International0.01177+0.676%
Injective0.01209+3.413%
W on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance WUSDT | −0.671% | +0.0100% | 4h | $2.9M | $8.4M | 50x | as long as short |
| Bybit WUSDT | −0.646% | +0.0100% | 4h | $4.1M | $2.3M | 50x | as long as short |
| Gate W_USDT | −0.646% | +0.0100% | 4h | $443K | $323K | 75x | as long as short |
| OKX W-USDT-SWAP | −0.629% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| KuCoin WUSDTM | −0.595% | +0.0100% | 4h | $410K | $247K | 50x | as long as short |
| Bitget WUSDT | −0.595% | +0.0100% | 4h | $1.2M | $583K | 50x | as long as short |
| Extended W-USD | −0.579% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| MEXC W_USDT | −0.535% | +0.0100% | 4h | $11.5M | $1.3M | 50x | as long as short |
| Hyperliquid W | −0.510% | +0.0100% | 1h | $2.0M | $611K | 5x | as long as short |
| BingX W-USDT | −0.484% | +0.0100% | 4h | — | $7.0M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack W_USDC_PERP | −0.459% | +0.0345% | 1h | $39K | $49K | 15x | as long as short |
| Deribit W_USDC-PERPETUAL | −0.459% | −0.0432% | 1h | $18K | $351 | 10x | as long as short |
| Variational Omni W | −0.454% | +0.0100% | 4h | $71K | $41K | — | as long as short |
| Kraken Futures PF_WUSD | −0.318% | +0.0901% | 1h | $146K | $193K | 20x | as long as short |
| Coinbase International W-PERP-INTXlong | 0.000% | +0.0024% | 1h | $14K | $22K | 50x | |
| Injective W/USDC PERPshort | +2.719% | +0.0033% | 1h | $1K | $23K | 12x |