S

Alert

Funding spread now, next payment 18:00 UTC0.0000%/8h

paid, last 24h−0.019%paid, last 7 days−0.592%to open and close $10k−$82

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX S-USDT	0.03839	0.0100	pay 0.0050% / 4h	1h 59m	—	$7.0M	—
Short	Backpack S_USDC_PERP	0.03850	0.0100	get 0.0013% / 1h	59m 15s	$116K	$241K	5x

Funding history

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latest

Position, each leg$Hold fordaysFee BingXbpFee BackpackbpOrdersRate

Slippage from BingX: live order book, 15 min ago; Backpack: live order book, 40 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 BingX live order book, 15 min ago	5.21 bp	19.9 bp −$20	53.7 bp −$537	426.6 bp −$42.7K	744.6 bp −$372.3K
Sell Backpack live order book, 40 min ago	12.94 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2338%	1h	$33K	$43K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1824%	1h	$47K	$10K	25x	as long as short
Variational Omni S	−0.1171%	4h	$598K	$117K	—	as long as short
01 Exchange SUSD	−0.0864%	1h	$23K	$3K	5x	as long as short
Hyperliquid S	−0.0446%	1h	$981K	$1.4M	5x	as long as short
Aster SUSDT	−0.0249%	4h	$41K	$258K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0225% / S +0.0214%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0107%	4h	$101K	$324K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0010%	1h	$65K	$10K	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	$593	—	150x	as long as short
OKX S-USDT-SWAP	+0.0026%	4h	$960K	$11.8M	20x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$88K	12x	as long as short
Lighter S	+0.0096%	1h	$161K	$304K	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.2M	$38.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	$5.5M	$9.0M	50x	as long as short
Gate S_USDT	+0.0100%	4h	$317K	$356K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.5M	$3.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.6M	50x	as long as short
BingX S-USDTlong	+0.0100%	4h	—	$7.0M	—
Backpack S_USDC_PERPshort	+0.0100%	1h	$116K	$241K	5x
ApeX Omni SUSDT	+0.0100%	1h	$20K	$494K	50x	as long as short
Extended S-USD	+0.0104%	1h	$216K	$944K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$273K	$259K	75x	as long as short