W

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0526%/8h= +57.6% APRnext payment +$0.66 per $10,000 · paid last 24h +0.172%

Price spread now: Extended against Deribit−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.042% cheaper against Deribit than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit W_USDC-PERPETUAL	0.01190	−0.0422	get 0.0053% / 1h	18m 08s	$16K	$2K	10x
Short	Extended W-USD	0.01189	0.0104	get 0.0013% / 1h	18m 08s	$60K	$244K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee ExtendedbpOrdersPrice spread, now −0.042%Rate

Funding earned: $110.43
Price spread: −0.042% → 0.000%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $94.21
Costs to cover: 0.120%
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; Extended: live order book, 54 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 Extended live order book, 54 min ago	2.12 bp	31.8 bp −$32	276.7 bp −$2,767	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.

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-PERPETUALlong	−0.0422%	1h	0.01190	long leg	$16K	$2K	10x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.605%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01191	+0.092%	$2.0M	$409K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01191	+0.092%	$3.0M	$6.7M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01189	−0.059%	$4.2M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01190	0.000%	$1.3M	$2.0M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01191	+0.050%	$449K	$284K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01190	+0.034%	$12.9M	$1.5M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01191	+0.092%	$457K	$217K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01191	+0.092%	$1.3M	$568K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01190	+0.042%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01191	+0.118%	$72K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01193	+0.260%	$126K	$375K	10x	as long as short
Extended W-USDshort	+0.0104%	1h	0.01189	−0.042%	$60K	$244K	5x
Coinbase International W-PERP-INTX	+0.0280%	1h	0.01195	+0.454%	$14K	$16K	50x	as long as short
Kraken Futures PF_WUSD	+0.1318%	1h	0.01193	+0.292%	$148K	$181K	20x	as long as short
Backpack W_USDC_PERP	+0.1420%	1h	0.01192	+0.219%	$45K	$47K	15x	as long as short