ERA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedERA-USD	0.06809	−0.0064	get 0.0008% / 1h	53m 17s	$7K	$163K	5x	Long Extended10% off
SHORT	GateERA_USDT	0.06825	−0.1908	pay 0.0954% / 4h	3h 53m	$1.0M	$3.1M	25x	Short Gate

Price gap+0.230%

Funding gap−0.1844% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $55 a day and eats that in about 3 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$29−0.1844% /8h now · paid +0.290% over the last 3 days (all we have)

Price+$7spread +0.230% now, avg +0.162% → +0.068% if it goes back

Costs−$1341.340% of $10k · taker + slippage, in and out

Result−$98−0.98%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 3 days it paid +0.290% in total, about +0.0374%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.230%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ERA on 10 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size26.5 / 35.2 bp
At $10k entering Gate costs 35.2 bp, fee and slippage, 1.3× Extended’s.
Note: Margin at max leverage$2,000 + $400
Extended 5x, Gate 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$55.32Long Extended: 24 payments, +$1.92; short Gate: 6 payments, −$57.24.
OK: Entry gap works for you+0.230% vs +0.162%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$7K vs $1.0M OI
Extended sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
Watch: KYCExtended No · Gate Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0374%/8h × 21 periods+$78.53

Price spread+0.230% → +0.162% (7d avg)+$6.81

Slippage, 4 orderslive order books−$113.97

Fee Extended bp × 2 orders−$5.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$48.63

Costs to cover1.340%Break-even11.3 days

Slippage: Extended: live order book, 36 min ago; Gate: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGExtended3.9126.5 bp−$27163.6 bp−$1,636doesn’t fitdoesn’t fit

SELL · SHORTGate7.2335.2 bp−$35226.5 bp−$2,265doesn’t fitdoesn’t fit

Closing costs about the same again.

ERA news

posts that mention ERA, from every exchangeSearch all news →

10-29 11:27	Extended	Listing	Now available to trade: $BR, $BAT, ethereum:0x0a092e544da31150b439a1aaa1a3a2214a867f46 and $ERA (Bedrock, Basic Attention, Concrete and Caldera) with up to 5x leverage and $ZK (ZKsync) with up to 10x leverage @extendedapp on X ↗
10-28 17:38	Extended	Listing	new market ERA-USD ($ERA) seen by our collector

ERA