Funding you earn now, next payment 05:00 UTC−0.0728%/8h= −79.7% APRpaid last 24h −0.111%
Price spread now: Binance against Deribit−0.066%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$22 a day on $10k at the current rate, and Binance is 0.066% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BE_USDC-PERPETUAL | 273.61 | 0.0738 | pay 0.0092% / 1h | 20m 34s | $7K | $4K | 10x |
| Short | Binance BEUSDT | 273.43 | 0.0010 | get 0.0010% / 8h | 3h 20m | $8.4M | $36.7M | 25x |
Deribit BE_USDC-PERPETUAL
Binance BEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$152.87
- Price spread: −0.066% → 0.000%
- −$6.58
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$176.45
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 6 min ago. 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 Binance live order book, 6 min ago | 1.10 bp | 9.6 bp −$10 | 29.1 bp −$291 | 100.4 bp −$10.0K | 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.
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 273.53 | −0.029% | $344K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.40 | −0.077% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.45 | −0.058% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 273.51 | −0.038% | $7K | $162K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 273.38 | −0.084% | $872 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 273.66 | +0.018% | $13K | $35K | 20x | as long as short |
| Extended BE-USD | +0.0008% | 1h | 273.53 | −0.031% | $47K | $262K | 10x | as long as short |
| Binance BEUSDTshort | +0.0010% | 8h | 273.43 | −0.066% | $8.4M | $36.7M | 25x | |
| Bybit BEUSDT | +0.0018% | 8h | 273.66 | +0.018% | $2.0M | $1.1M | 25x | as long as short |
| Lighter BE | +0.0032% | 1h | 273.31 | −0.110% | — | — | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Extended BE-USD
Bybit BEUSDT
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 273.47 | −0.051% | $250K | $290K | 10x | as long as short |
| QFEX BE-USD | +0.0036% | 1h | 273.52 | −0.033% | $1.3M | $2.6M | 10x | as long as short |
| BloFin BE-USDT | +0.0038% | 8h | 273.68 | +0.026% | $45K | $142K | 20x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.43 | −0.066% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.49 | −0.044% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 273.48 | −0.048% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.04 | −0.208% | $476K | $136K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.57 | −0.015% | $369K | $20K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0102% | 8h | 273.73 | +0.044% | $2.7M | $6.9M | 25x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.40 | −0.076% | — | — | 10x | as long as short |
| Deribit BE_USDC-PERPETUALlong | +0.0738% | 1h | 273.61 | long leg | $7K | $4K | 10x |
Lighter RH BE
QFEX BE-USD
BloFin BE-USDT
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
OKX BE-USDT-SWAP
Aevo BE-PERP