W

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.038%

Price spread now: Extended against Injective−1.344%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 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 1.344% cheaper against Injective than usual: you would sell low and buy high (spread −1.344% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$134 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective W/USDC PERP	0.01209	0.0033	pay 0.0004% / 1h	16m 43s	$1K	$1K	12x
Short	Extended W-USD	0.01193	0.0104	get 0.0013% / 1h	16m 43s	$61K	$237K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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 InjectivebpFee ExtendedbpOrdersPrice spread, now −1.344%Rate

Funding earned: $14.84
Price spread: −1.344% → 0.000%: −$134.36
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$124.54
Costs to cover: 0.050%
Break-even: 65.7 days

Slippage unknown: Injective: no order-book sample; Extended: live order book, 45 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 Injective no order-book sample	—	—	—	—	—
Sell Extended live order book, 45 min ago	2.96 bp	28.5 bp −$29	277.1 bp −$2,771	doesn't fit	doesn't fit

Injective: 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-PERPETUAL	0.0000%	1h	0.01193	−1.315%	$16K	$2K	10x	as long as short
Injective W/USDC PERPlong	+0.0033%	1h	0.01209	long leg	$1K	$1K	12x
Hyperliquid W	+0.0100%	1h	0.01193	−1.323%	$2.0M	$383K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01193	−1.296%	$3.0M	$6.6M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01192	−1.414%	$4.2M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01192	−1.390%	$1.3M	$1.9M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01190	−1.572%	$451K	$253K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01193	−1.307%	$12.9M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01192	−1.406%	$385K	$214K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01193	−1.323%	$1.3M	$570K	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	0.01193	−1.340%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01191	−1.515%	$72K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01192	−1.411%	$127K	$413K	10x	as long as short
Extended W-USDshort	+0.0104%	1h	0.01193	−1.344%	$61K	$237K	5x
Coinbase International W-PERP-INTX	+0.0312%	1h	0.01193	−1.323%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0650%	1h	0.01195	−1.183%	$44K	$45K	15x	as long as short
Kraken Futures PF_WUSD	+0.1700%	1h	0.01195	−1.124%	$148K	$184K	20x	as long as short