Funding you earn now, next payment 06:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.001%
Price spread now: Extended against Gate+0.188%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$507as in the Funding arb table
Net, price: spread back to 7d avg − costs−$495as in the Price arb table
costs, in and out, $10k−$5065.063% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.188%, 7d avg +0.071%
=Together, before fees−0.232%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.116% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate W_USDT | 0.01168 | 0.0060 | pay 0.0030% / 4h | 2h 44m | $427K | $237K | 75x |
| Short | Extended W-USD | 0.01170 | 0.0104 | get 0.0013% / 1h | 44m 09s | $60K | $147K | 5x |
Gate W_USDT
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Gate. 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
- $9.24
- Price spread: +0.188% → +0.071%
- $11.61
- Slippage, 4 orders
- −$486.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$485.42
- Costs to cover
- 5.063%
- Break-even
- 374.7 days
Slippage from Gate: live order book, 1 min ago; Extended: live order book, 1 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 Gate live order book, 1 min ago | 8.57 bp | 187.9 bp −$188 | 5317.2 bp −$53.2K | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 2.13 bp | 39.2 bp −$39 | 302.1 bp −$3,021 | 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 | −0.0006% | 1h | 0.01171 | +0.214% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.510% | $1K | $1K | 12x | as long as short |
| Gate W_USDTlong | +0.0060% | 4h | 0.01168 | long leg | $427K | $237K | 75x | |
| Hyperliquid W | +0.0100% | 1h | 0.01171 | +0.257% | $2.0M | $287K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01170 | +0.188% | $2.9M | $5.3M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01168 | +0.026% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01169 | +0.077% | $1.3M | $1.6M | 20x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01170 | +0.205% | $12.5M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01169 | +0.086% | $388K | $197K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01171 | +0.257% | $1.3M | $540K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
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 | 0.01169 | +0.077% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01172 | +0.325% | $43K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01169 | +0.055% | $71K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | +0.428% | $124K | $375K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01170 | +0.188% | $60K | $147K | 5x | |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01178 | +0.813% | $14K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1742% | 1h | 0.01173 | +0.456% | $145K | $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