Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.019%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.165%−$17 · spread now −0.019%, 7d avg −0.024%
=Together, before fees−0.162%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WUSDT | 0.01179 | 0.0100 | pay 0.0050% / 4h | 32m 38s | $3.0M | $6.8M | 50x |
| Short | Extended W-USD | 0.01179 | 0.0104 | get 0.0013% / 1h | 32m 38s | $59K | $228K | 5x |
Binance WUSDT
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. 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
- $0.84
- Price spread: −0.019% → −0.024%
- $0.54
- Slippage, 4 orders
- −$145.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$159.22
- Costs to cover
- 1.606%
- Break-even
- 1333.8 days
Slippage from Binance: live order book, 6 min ago; Extended: live order book, 45 min ago.
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 Binance live order book, 6 min ago | 0.42 bp | 19.3 bp −$19 | 93.3 bp −$933 | doesn't fit | doesn't fit |
| Sell Extended live order book, 45 min ago | 1.70 bp | 57.9 bp −$58 | 342.8 bp −$3,428 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX W-USDT-SWAP | −0.0046% | 4h | 0.01178 | −0.059% | $1.3M | $2.0M | 20x | as long as short |
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01179 | −0.042% | $17K | $1K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.545% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01180 | +0.085% | $2.0M | $423K | 5x | as long as short |
| Binance WUSDTlong | +0.0100% | 4h | 0.01179 | long leg | $3.0M | $6.8M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | −0.187% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −0.195% | $444K | $290K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01179 | −0.025% | $12.8M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | 0.000% | $456K | $212K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | 0.000% | $1.3M | $572K | 50x | as long as short |
OKX W-USDT-SWAP
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
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 | 0.01178 | −0.051% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.325% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | −0.015% | $130K | $385K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01179 | −0.019% | $59K | $228K | 5x | |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01188 | +0.738% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0608% | 1h | 0.01179 | +0.042% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0720% | 1h | 0.01181 | +0.149% | $146K | $181K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD