Funding you earn now, next payment 08:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.155%
Price spread now: Deribit against KuCoin+0.136%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
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.136% dearer against KuCoin than usual: you sell high and buy low (spread +0.136% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WUSDTM | 0.01175 | 0.0100 | pay 0.0050% / 4h | 36m 51s | $387K | $192K | 50x |
| Short | Deribit W_USDC-PERPETUAL | 0.01177 | −0.0005 | pay 0.0001% / 1h | 36m 51s | $14K | $4K | 10x |
KuCoin WUSDTM
Deribit W_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$22.03
- Price spread: +0.136% → 0.000%
- $13.62
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.41
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 66 min ago; Deribit: 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 KuCoin live order book, 66 min ago | 12.56 bp | 154.4 bp −$154 | 479.8 bp −$4,798 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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-PERPETUALshort | −0.0005% | 1h | 0.01177 | +0.136% | $14K | $4K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.894% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01177 | +0.170% | $2.0M | $272K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | +0.123% | $3.0M | $5.2M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01174 | −0.102% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01175 | +0.034% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | −0.043% | $427K | $233K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01176 | +0.119% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01175 | long leg | $387K | $192K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01176 | +0.085% | $1.3M | $568K | 50x | as long as short |
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
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 | 0.01175 | +0.026% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01178 | +0.221% | $46K | $52K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01178 | +0.223% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | +0.340% | $126K | $378K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | +0.112% | $61K | $356K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +0.928% | $13K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1323% | 1h | 0.01178 | +0.256% | $147K | $56K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD