Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.028%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1761.761% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.028%, 7d avg +0.025%
=Together, before fees+0.136%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01174 | 0.0104 | pay 0.0013% / 1h | 54m 28s | $59K | $240K | 5x |
| Short | Binance WUSDT | 0.01175 | 0.0100 | get 0.0050% / 4h | 2h 54m | $3.0M | $6.7M | 50x |
Extended W-USD
Binance WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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: +0.028% → +0.025%
- $0.3
- Slippage, 4 orders
- −$161.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$176.68
- Costs to cover
- 1.761%
- Break-even
- never at this rate
Slippage from Extended: live order book, 12 min ago; Binance: live order book, 14 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 Extended live order book, 12 min ago | 2.93 bp | 92.9 bp −$93 | 405.5 bp −$4,055 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.67 bp | 19.2 bp −$19 | 69.3 bp −$693 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0175% | 1h | 0.01175 | +0.069% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.956% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0087% | 4h | 0.01174 | −0.033% | $1.3M | $1.9M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01175 | +0.060% | $2.0M | $401K | 5x | as long as short |
| Binance WUSDTshort | +0.0100% | 4h | 0.01175 | +0.028% | $3.0M | $6.7M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01173 | −0.135% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | +0.214% | $444K | $263K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01176 | +0.120% | $12.7M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01177 | +0.231% | $444K | $221K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01175 | +0.060% | $1.3M | $567K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
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 | 0.01174 | +0.001% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01177 | +0.265% | $45K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.087% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | +0.434% | $123K | $384K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01174 | long leg | $59K | $240K | 5x | |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01183 | +0.750% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1544% | 1h | 0.01178 | +0.319% | $146K | $181K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD