Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.111%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2052.047% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.111%, 7d avg −0.068%
=Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.043% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01172 | 0.0104 | pay 0.0013% / 1h | 12m 45s | $59K | $276K | 5x |
| Short | Bybit WUSDT | 0.01171 | 0.0100 | get 0.0050% / 4h | 2h 12m | $4.1M | $2.0M | 50x |
Extended W-USD
Bybit WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.111% → −0.068%
- −$4.27
- Slippage, 4 orders
- −$188.74
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$209.85
- Costs to cover
- 2.047%
- Break-even
- never at this rate
Slippage from Extended: live order book, 10 min ago; Bybit: live order book, 5 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, 10 min ago | 1.70 bp | 74.3 bp −$74 | 360.4 bp −$3,604 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.83 bp | 36.2 bp −$36 | 136.2 bp −$1,362 | 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 | −0.1112% | 1h | 0.01173 | +0.119% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0015% | 4h | 0.01171 | −0.043% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.175% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01173 | +0.102% | $2.0M | $455K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01172 | 0.000% | $2.9M | $7.1M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01171 | −0.111% | $4.1M | $2.0M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | +0.384% | $446K | $301K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01172 | +0.017% | $12.8M | $1.8M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01171 | −0.068% | $415K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01175 | +0.273% | $1.3M | $587K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance 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 | 0.01172 | +0.060% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01174 | +0.188% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | +0.111% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | +0.358% | $123K | $409K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01172 | long leg | $59K | $276K | 5x | |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01178 | +0.529% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0619% | 1h | 0.01176 | +0.331% | $146K | $185K | 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