Funding you earn now, next payment 05:00 UTC−0.0355%/8h= −38.9% APRnext payment −$0.44 per $10,000 · paid last 24h −0.090%
Price spread now: Coinbase International against Deribit−0.686%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 −$11 a day on $10k at the current rate, and Coinbase International is 0.686% cheaper against Deribit than usual: you would sell low and buy high (−$69 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 | 272.46 | 0.0411 | pay 0.0051% / 1h | 2m 20s | $6K | $4K | 10x |
| Short | Coinbase International BE-PERP-INTX | 270.59 | 0.0056 | get 0.0007% / 1h | 2m 20s | $473K | $130K | 10x |
Deribit BE_USDC-PERPETUAL
Coinbase International BE-PERP-INTXFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$74.57
- Price spread: −0.686% → 0.000%
- −$68.63
- 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
- −$160.2
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 46 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 Coinbase International live order book, 46 min ago | 7.53 bp | 12.5 bp −$13 | 17.3 bp −$173 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BEUSDT | −0.0048% | 8h | 272.47 | +0.004% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 272.53 | +0.025% | $342K | $121K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.46 | +0.002% | $46K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.53 | +0.027% | $8.2M | $37.1M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 272.73 | +0.099% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.40 | −0.022% | $1.4M | $3.3M | 50x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.93 | +0.172% | $6K | $158K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.70 | +0.088% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.54 | +0.029% | $13K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.41 | −0.018% | $1.3M | $2.4M | 10x | as long as short |
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BEUSDT | +0.0031% | 8h | 272.55 | +0.033% | $2.0M | $1.2M | 25x | as long as short |
| Lighter BE | +0.0032% | 1h | 272.25 | −0.077% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 272.31 | −0.055% | $243K | $300K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.26 | −0.073% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.35 | −0.040% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 272.23 | −0.084% | $5.9M | $2.8M | 10x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0056% | 1h | 270.59 | −0.686% | $473K | $130K | 10x | |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.50 | +0.015% | $368K | $18K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.49 | +0.011% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.55 | +0.033% | $45K | $147K | 20x | as long as short |
| Deribit BE_USDC-PERPETUALlong | +0.0411% | 1h | 272.46 | long leg | $6K | $4K | 10x |
Bybit BEUSDT
Lighter BE
Lighter RH BE
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT