Spread before costs (cost unknown: a leg has no order-book sample)−3.093%
7d average—if it closes, per $10,000$309funding while held, a day−$13.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective W/USDC PERP | 0.01209 | 0.0033 | pay 0.0004% / 1h | 40m 07s | $1K | $23K | 12x |
| Short | Deribit W_USDC-PERPETUAL | 0.01172 | −0.0432 | pay 0.0054% / 1h | 40m 07s | $18K | $351 | 10x |
Injective W/USDC PERP
Deribit W_USDC-PERPETUALPrice 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
- −$309.35
- Funding while held
- −$13.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$330.34
- Spread needed to break even
- 0.070%
Slippage unknown: Injective: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0466%
- Per $10,000 a day
- −$13.97
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Injective and 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.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%
Binance
Bybit
Gate
OKX
KuCoin
Bitget
Extended
MEXC
Hyperliquid
BingX
BackpackDeribit0.01172+0.214%
Variational Omni0.01172+0.218%Kraken Futures0.01173+0.356%Coinbase International0.01177+0.676%
Variational Omni
Kraken Futures
Coinbase InternationalInjective0.01209+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 | −3.300% | +0.0100% | 4h | $2.9M | $8.4M | 50x | as long as short |
| Bybit WUSDT | −3.275% | +0.0100% | 4h | $4.1M | $2.3M | 50x | as long as short |
| Gate W_USDT | −3.275% | +0.0100% | 4h | $443K | $323K | 75x | as long as short |
| OKX W-USDT-SWAP | −3.259% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| KuCoin WUSDTM | −3.226% | +0.0100% | 4h | $410K | $247K | 50x | as long as short |
| Bitget WUSDT | −3.226% | +0.0100% | 4h | $1.2M | $583K | 50x | as long as short |
| Extended W-USD | −3.210% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| MEXC W_USDT | −3.168% | +0.0100% | 4h | $11.5M | $1.3M | 50x | as long as short |
| Hyperliquid W | −3.143% | +0.0100% | 1h | $2.0M | $611K | 5x | as long as short |
| BingX W-USDT | −3.118% | +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 | −3.093% | +0.0345% | 1h | $39K | $49K | 15x | as long as short |
| Deribit W_USDC-PERPETUALshort | −3.093% | −0.0432% | 1h | $18K | $351 | 10x | |
| Variational Omni W | −3.089% | +0.0100% | 4h | $71K | $41K | — | as long as short |
| Kraken Futures PF_WUSD | −2.956% | +0.0901% | 1h | $146K | $193K | 20x | as long as short |
| Coinbase International W-PERP-INTX | −2.647% | +0.0024% | 1h | $14K | $22K | 50x | as long as short |
| Injective W/USDC PERPlong | 0.000% | +0.0033% | 1h | $1K | $23K | 12x |