S

Alert

Funding spread now, next payment 17:00 UTC−0.0106%/8h

next payment, per $10,000−$0.13paid, last 24h−0.013%paid, last 3 days+0.392%to open and closeno order book

Long on Backpack Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack S_USDC_PERP	0.03880	0.0100	pay 0.0013% / 1h	20m 35s	$113K	$227K	5x
Short	gTrade (Gains Network) S/USD	0.03873	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	20m 35s	$597	—	150x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$22.28
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.28
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 24 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.177%
Avg gap 7d: —

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

Backtest

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

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 Backpack live order book, 24 min ago	12.77 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

S on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange SUSD	−1.2096%	1h	$23K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2956%	1h	$33K	$48K	10x	as long as short
Coinbase International S-PERP-INTX	−0.2448%	1h	$48K	$11K	25x	as long as short
Variational Omni S	−0.0859%	4h	$601K	$121K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0374% / S +0.0346%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0129%	4h	$102K	$330K	10x	as long as short
Aster SUSDT	−0.0110%	4h	$42K	$266K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	$597	—	150x
Injective S/USDC PERP	+0.0033%	1h	$2K	$120K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	$162K	$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	$5.3M	$40.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	$5.6M	$9.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	$979K	$12.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$321K	$374K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.4M	$3.5M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.1M	$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	$113K	$227K	5x
ApeX Omni SUSDT	+0.0100%	1h	$23K	$500K	50x	as long as short
Extended S-USD	+0.0104%	1h	$217K	$947K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0266%	1h	$65K	$11K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$281K	$263K	75x	as long as short