S

Alert

Funding spread now, next payment 15:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h−0.004%paid, last 7 days+0.375%to open and close $10k−$82

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	53m 42s	$113K	$191K	5x
Short	Hyperliquid S	0.03869	0.0100	get 0.0013% / 1h	53m 42s	$1.0M	$1.5M	5x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee BackpackbpFee HyperliquidbpOrdersRate

Slippage from Backpack: live order book, 1 min ago; Hyperliquid: live order book, 8 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, 1 min ago	12.84 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	2.56 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange SUSD	−1.4080%	1h	$22K	$3K	5x	as long as short
Coinbase International S-PERP-INTX	−0.2344%	1h	$48K	$13K	25x	as long as short
Kraken Futures PF_SUSD	−0.1676%	1h	$33K	$48K	10x	as long as short
Variational Omni S	−0.1349%	4h	$606K	$130K	—	as long as short
Aster SUSDT	−0.0488%	4h	$50K	$254K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0356% / S +0.0330%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0271%	4h	$103K	$338K	10x	as long as short
Bybit SUSDT	−0.0175%	4h	$5.5M	$9.6M	50x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0007%	1h	$65K	$12K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$600	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$193K	12x	as long as short
OKX S-USDT-SWAP	+0.0050%	4h	$1.0M	$12.5M	20x	as long as short
KuCoin SUSDTM	+0.0068%	4h	$1.8M	$4.0M	50x	as long as short
Lighter S	+0.0096%	1h	$167K	$328K	5x	as long as short
Hyperliquid Sshort	+0.0100%	1h	$1.0M	$1.5M	5x
Binance SUSDT	+0.0100%	4h	$5.2M	$40.7M	75x	as long as short
Gate S_USDT	+0.0100%	4h	$325K	$401K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.6M	$3.5M	200x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.6M	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	$191K	5x
ApeX Omni SUSDT	+0.0100%	1h	$22K	$515K	50x	as long as short
Extended S-USD	+0.0104%	1h	$223K	$944K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$282K	$228K	75x	as long as short