data as of
Settings8H · net · $10k
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Funding spread now, next payment 20:00 UTC−0.1228%/8h
next payment, per $10,000−$1.53paid, last 24h−0.009%paid, last 7 days−0.307%to open and close $10k−$91
Long on BackpackShort on Lighter
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.307% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack S_USDC_PERP0.039000.1324pay 0.0165% / 1h56m 32s$113K$257K5x
ShortLighter S0.038900.0096get 0.0012% / 1h56m 32s$163K$278K5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$257.8
Slippage, 4 orders
−$81.12
Fee Backpack: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$348.92
Break-even
never at this rate
Slippage from Backpack: live order book, 38 min ago; Lighter: live order book, 29 min ago.

Price risk

price view
Price gap now
−0.256%
Avg gap 7d
−0.038%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 38 min ago12.97 bp38.2 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 29 min ago11.66 bp17.9 bp −$1876.3 bp −$763doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_SUSD−0.2139%1h$33K$41K10xas long as short
Coinbase International S-PERP-INTX−0.1488%1h$47K$9K25xas long as short
Variational Omni S−0.1467%4h$605K$117K—as long as short
GMX S/USD [WBTC.b-USDC]L −0.0387% / S +0.0191%1h$2K—100xas long as short
Aster SUSDT−0.0239%4h$42K$258K10xas long as short
OKX S-USDT-SWAP−0.0121%4h$971K$11.8M20xas long as short
Reya SRUSDPERP−0.0101%1h$4—15xas long as short
Orderly PERP_S_USDC−0.0092%4h$103K$320K10xas long as short
01 Exchange SUSD0.0000%1h$24K$3K5xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h$599—150xas long as short
Show all 25 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit S_USDC-PERPETUAL+0.0007%1h$65K$10K10xas long as short
Injective S/USDC PERP+0.0033%1h$2K$37K12xas long as short
Lighter Sshort+0.0096%1h$163K$278K5x
Hyperliquid S+0.0100%1h$990K$1.3M5xas long as short
Binance SUSDT+0.0100%4h$5.3M$37.4M75xas long as short
Bybit SUSDT+0.0100%4h$5.5M$8.9M50xas long as short
Gate S_USDT+0.0100%4h$317K$344K50xas long as short
MEXC S_USDT+0.0100%4h$3.5M$3.3M200xas long as short
KuCoin SUSDTM+0.0100%4h$1.8M$3.6M50xas long as short
Bitget SUSDT+0.0100%4h$1.2M$4.5M50xas long as short
BingX S-USDT+0.0100%4h—$7.0M—as long as short
ApeX Omni SUSDT+0.0100%1h$25K$493K50xas long as short
Extended S-USD+0.0104%1h$218K$941K10xas long as short
BloFin S-USDT+0.0340%4h$274K$261K75xas long as short
Backpack S_USDC_PERPlong+0.1324%1h$113K$257K5x