Spread before costs (cost unknown: a leg has no order-book sample)−0.093%
7d average—if it closes, per $10,000$9funding while held, a day+$10.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit W_USDC-PERPETUAL | 0.01178 | −0.0259 | get 0.0032% / 1h | 16m 38s | $18K | $351 | 10x |
| Short | Bybit WUSDT | 0.01177 | 0.0100 | get 0.0050% / 4h | 1h 16m | $4.1M | $2.2M | 50x |
Deribit W_USDC-PERPETUAL
Bybit WUSDTPrice 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
- −$9.34
- Funding while held
- $10.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.57
- Spread needed to break even
- 0.180%
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0359%
- Per $10,000 a day
- +$10.77
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 2.97 bp | 24.0 bp −$24 | 150.8 bp −$1,508 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.01175cheapestKuCoin0.01176+0.124%OKX0.01177+0.184%
Variational Omni
KuCoin
OKXBybit0.01177+0.226%
BingX0.01177+0.235%Gate0.01178+0.277%Extended0.01178+0.278%Hyperliquid0.01178+0.294%Bitget0.01178+0.294%MEXC0.01178+0.312%
BingX
Gate
Extended
Hyperliquid
Bitget
MEXCDeribit0.01178+0.320%
Binance0.01178+0.329%Backpack0.01179+0.397%Kraken Futures0.01181+0.547%Coinbase International0.01183+0.720%Injective0.01209+2.934%
Binance
Backpack
Kraken Futures
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni W | −0.319% | +0.0100% | 4h | $71K | $42K | — | as long as short |
| KuCoin WUSDTM | −0.195% | +0.0100% | 4h | $416K | $244K | 50x | as long as short |
| OKX W-USDT-SWAP | −0.136% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| Bybit WUSDTshort | −0.093% | +0.0100% | 4h | $4.1M | $2.2M | 50x | |
| BingX W-USDT | −0.085% | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Gate W_USDT | −0.042% | +0.0100% | 4h | $446K | $326K | 75x | as long as short |
| Extended W-USD | −0.042% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| Hyperliquid W | −0.025% | +0.0100% | 1h | $2.0M | $569K | 5x | as long as short |
| Bitget WUSDT | −0.025% | +0.0100% | 4h | $1.2M | $580K | 50x | as long as short |
| MEXC W_USDT | −0.008% | +0.0100% | 4h | $12.3M | $1.4M | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUALlong | 0.000% | −0.0259% | 1h | $18K | $351 | 10x | |
| Binance WUSDT | +0.008% | +0.0100% | 4h | $3.0M | $8.1M | 50x | as long as short |
| Backpack W_USDC_PERP | +0.076% | +0.0100% | 1h | $39K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.227% | +0.0895% | 1h | $147K | $194K | 20x | as long as short |
| Coinbase International W-PERP-INTX | +0.399% | +0.0024% | 1h | $14K | $20K | 50x | as long as short |
| Injective W/USDC PERP | +2.605% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |