Settings8H · net · $10k
Funding arb · Price arb /

W

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended+0.004%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2012.010% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.004%, 7d avg +0.007%
Together, before fees+0.025%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended W-USD0.011890.0104pay 0.0013% / 1h44m 40s$64K$290K5x
ShortBitget WUSDT0.011890.0100get 0.0050% / 4h3h 44m$1.3M$575K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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

Funding earned
−$0.84
Price spread: +0.004% → +0.007%
−$0.25
Slippage, 4 orders
−$184.05
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$202.14
Costs to cover
2.010%
Break-even
never at this rate
Slippage from Extended: live order book, 27 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 27 min ago2.12 bp104.1 bp −$104419.1 bp −$4,191doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago4.21 bp28.8 bp −$2978.4 bp −$784doesn't fitdoesn't fit

W on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit W_USDC-PERPETUAL−0.0255%1h0.01188−0.055%$16K$2K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+1.687%$1K$1K12xas long as short
OKX W-USDT-SWAP+0.0084%4h0.01188−0.063%$1.3M$2.0M20xas long as short
Hyperliquid W+0.0100%1h0.01189+0.004%$2.0M$417K5xas long as short
Binance WUSDT+0.0100%4h0.01189+0.023%$3.0M$6.8M50xas long as short
Bybit WUSDT+0.0100%4h0.01188−0.097%$4.2M$1.9M50xas long as short
Gate W_USDT+0.0100%4h0.01186−0.240%$448K$284K75xas long as short
MEXC W_USDT+0.0100%4h0.01189+0.013%$12.9M$1.4M50xas long as short
KuCoin WUSDTM+0.0100%4h0.01189+0.004%$459K$219K50xas long as short
Bitget WUSDTshort+0.0100%4h0.01189+0.004%$1.3M$575K50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01188−0.055%$6.9Mas long as short
Variational Omni W+0.0100%4h0.01185−0.310%$71K$42Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01187−0.173%$127K$377K10xas long as short
Extended W-USDlong+0.0104%1h0.01189long leg$64K$290K5x
Coinbase International W-PERP-INTX+0.0280%1h0.01188−0.113%$14K$16K50xas long as short
Backpack W_USDC_PERP+0.1291%1h0.01191+0.139%$44K$44K15xas long as short
Kraken Futures PF_WUSD+0.1320%1h0.01191+0.184%$148K$181K20xas long as short