Funding you earn now, next payment 08:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.043%
Price spread now: Coinbase International against Extended+0.114%7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.114% dearer against Extended than usual: you sell high and buy low: +$11 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 | Extended W-USD | 0.01187 | 0.0104 | pay 0.0013% / 1h | 2m 04s | $62K | $387K | 5x |
| Short | Coinbase International W-PERP-INTX | 0.01188 | 0.0384 | get 0.0048% / 1h | 2m 04s | $13K | $12K | 50x |
Extended W-USD
Coinbase International W-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $58.8
- Price spread: +0.114% → 0.000%
- $11.43
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $55.23
- Costs to cover
- 0.150%
- Break-even
- 0.4 days
Slippage unknown: Extended: live order book, 30 min ago; 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 Extended live order book, 30 min ago | 1.71 bp | 85.6 bp −$86 | 386.4 bp −$3,864 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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-PERPETUAL | −0.0423% | 1h | 0.01188 | +0.064% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.841% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01188 | +0.072% | $2.0M | $265K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01189 | +0.140% | $3.0M | $4.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.155% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01187 | −0.029% | $1.3M | $1.4M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.020% | $433K | $217K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | +0.022% | $12.4M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01188 | +0.072% | $389K | $188K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01188 | +0.072% | $1.3M | $551K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
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 | 0.01187 | −0.004% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01187 | −0.003% | $72K | $24K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01190 | +0.239% | $127K | $374K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01187 | long leg | $62K | $387K | 5x | |
| Coinbase International W-PERP-INTXshort | +0.0384% | 1h | 0.01188 | +0.114% | $13K | $12K | 50x | |
| Kraken Futures PF_WUSD | +0.0889% | 1h | 0.01190 | +0.199% | $148K | $47K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.0971% | 1h | 0.01189 | +0.140% | $45K | $49K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Kraken Futures PF_WUSD
Backpack W_USDC_PERP