Funding you earn now, next payment 05:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.183%
Price spread now: Binance against Deribit−0.103%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.103% cheaper against Deribit than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 19 hours of funding at the current rate (+$13 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit W_USDC-PERPETUAL | 0.01190 | −0.0338 | get 0.0042% / 1h | 51m 27s | $15K | $3K | 10x |
| Short | Binance WUSDT | 0.01189 | 0.0100 | get 0.0050% / 4h | 3h 51m | $3.0M | $6.2M | 50x |
Deribit W_USDC-PERPETUAL
Binance WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $91.94
- Price spread: −0.103% → 0.000%
- −$10.34
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $64.6
- Costs to cover
- 0.170%
- Break-even
- 2.1 days
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 2 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 1.26 bp | 21.8 bp −$22 | 79.7 bp −$797 | doesn't fit | doesn't fit |
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 on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUALlong | −0.0338% | 1h | 0.01190 | long leg | $15K | $3K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.588% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01188 | −0.176% | $2.0M | $326K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01189 | −0.103% | $3.0M | $6.2M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01188 | −0.193% | $4.2M | $1.8M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01187 | −0.260% | $1.3M | $1.8M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.260% | $449K | $210K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01189 | −0.101% | $12.9M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01187 | −0.260% | $376K | $210K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | −0.092% | $1.3M | $568K | 50x | as long as short |
Injective W/USDC PERP
Hyperliquid W
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01188 | −0.185% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −0.459% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01189 | −0.092% | $128K | $402K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | −0.130% | $60K | $233K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0440% | 1h | 0.01195 | +0.445% | $14K | $15K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1709% | 1h | 0.01191 | +0.109% | $44K | $43K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1756% | 1h | 0.01192 | +0.194% | $148K | $184K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD