W

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1093%/8h= +119.7% APRnext payment +$1.37 per $10,000 · paid last 24h +0.206%

Price spread now: Coinbase International against Deribit+0.127%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

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

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Coinbase International is 0.127% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit W_USDC-PERPETUAL	0.01178	−0.0853	get 0.0107% / 1h	20m 05s	$17K	$1K	10x
Short	Coinbase International W-PERP-INTX	0.01179	0.0240	get 0.0030% / 1h	20m 05s	$14K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.127%Rate

Funding earned: $229.49
Price spread: +0.127% → 0.000%: $12.74
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $225.23
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: Deribit: no order-book sample; Coinbase International: no order-book sample. 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 Coinbase International no order-book sample	—	—	—	—	—

Deribit and 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 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	−0.0853%	1h	0.01178	long leg	$17K	$1K	10x
OKX W-USDT-SWAP	−0.0089%	4h	0.01176	−0.119%	$1.3M	$2.0M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.675%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01178	+0.042%	$2.0M	$427K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01177	−0.017%	$3.0M	$7.0M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01176	−0.119%	$4.1M	$2.0M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01176	−0.119%	$443K	$293K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01177	−0.042%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01179	+0.127%	$479K	$246K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01178	+0.042%	$1.3M	$578K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01177	−0.051%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01176	−0.127%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01177	−0.041%	$129K	$385K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01177	−0.060%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTXshort	+0.0240%	1h	0.01179	+0.127%	$14K	$17K	50x
Backpack W_USDC_PERP	+0.0340%	1h	0.01179	+0.119%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.0397%	1h	0.01180	+0.189%	$146K	$182K	20x	as long as short