S

Alert

Funding spread now, next payment 16:00 UTC−1.1372%/8h

next payment, per $10,000−$14.22paid, last 24h−2.245%paid, last 3 days−3.028%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -3.028% in total (about -359.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	10m 49s	$114K	$218K	5x
Short	01 Exchange SUSD	0.03790	−1.1272	pay 0.1409% / 1h	10m 49s	$23K	$3K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee 01 ExchangebpOrdersRate

Funding earned: −$2,388.12
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2,405.12
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 39 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −3.316%
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, 39 min ago	12.48 bp	17.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 SUSDshort	−1.1272%	1h	$23K	$3K	5x
Kraken Futures PF_SUSD	−0.2441%	1h	$33K	$48K	10x	as long as short
Coinbase International S-PERP-INTX	−0.2432%	1h	$47K	$11K	25x	as long as short
Variational Omni S	−0.1023%	4h	$609K	$121K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0378% / S +0.0349%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0199%	4h	$103K	$331K	10x	as long as short
Aster SUSDT	−0.0121%	4h	$45K	$263K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	$66K	$11K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$605	—	150x	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	$161K	12x	as long as short
OKX S-USDT-SWAP	+0.0090%	4h	$1.0M	$12.5M	20x	as long as short
Lighter S	+0.0096%	1h	$164K	$341K	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
Gate S_USDT	+0.0100%	4h	$326K	$410K	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	$218K	5x
ApeX Omni SUSDT	+0.0100%	1h	$24K	$503K	50x	as long as short
Extended S-USD	+0.0104%	1h	$221K	$944K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$289K	$266K	75x	as long as short