S

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Funding spread now, next payment 17:00 UTC0.0000%/8h

paid, last 24h+0.007%paid, last 7 days+0.591%to open and close $10k−$96

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack S_USDC_PERP	0.03920	0.0100	pay 0.0013% / 1h	33m 05s	$114K	$226K	5x
Short	Bybit SUSDT	0.03905	0.0100	get 0.0050% / 4h	3h 33m	$5.6M	$9.5M	50x

Funding history

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latest

Position, each leg$Hold fordaysFee BackpackbpFee BybitbpOrdersRate

Slippage from Backpack: live order book, 12 min ago; Bybit: live order book, 1 min ago.

A gap far from its average can cost days of funding.

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 12 min ago	12.77 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.28 bp	25.2 bp −$25	84.0 bp −$840	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange SUSD	−1.2672%	1h	$22K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2923%	1h	$33K	$48K	10x	as long as short
Coinbase International S-PERP-INTX	−0.2448%	1h	$48K	$12K	25x	as long as short
Variational Omni S	−0.0834%	4h	$609K	$120K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0371% / S +0.0343%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0128%	4h	$103K	$331K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Aster SUSDT	−0.0066%	4h	$42K	$266K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$603	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0005%	1h	$66K	$11K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	$2K	$120K	12x	as long as short
Lighter S	+0.0096%	1h	$164K	$324K	5x	as long as short
Hyperliquid S	+0.0100%	1h	$1.0M	$1.5M	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.4M	$40.6M	75x	as long as short
Bybit SUSDTshort	+0.0100%	4h	$5.6M	$9.5M	50x
OKX S-USDT-SWAP	+0.0100%	4h	$996K	$12.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$326K	$374K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.5M	$3.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Backpack S_USDC_PERPlong	+0.0100%	1h	$114K	$226K	5x
ApeX Omni SUSDT	+0.0100%	1h	$25K	$501K	50x	as long as short
Extended S-USD	+0.0104%	1h	$220K	$946K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$281K	$266K	75x	as long as short