S

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: Backpack against Extended+0.159%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1341.344% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$31 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.159%, 7d avg +0.162%

Together, before fees−0.410%+ Points / potential airdropExtended: Active · farm board−$41 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended S-USD	0.04293	0.0104	pay 0.0013% / 1h	57m 11s	$239K	$1.3M	10x
Short	Backpack S_USDC_PERP	0.04300	0.0100	get 0.0013% / 1h	57m 11s	$101K	$470K	5x

Funding history

latest

Range statsloading…

Backpack against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee BackpackbpOrdersPrice spread, now +0.159%Rate

Slippage from Extended: live order book, 1 min ago; Backpack: live order book, 42 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 1 min ago	5.75 bp	47.0 bp −$47	277.9 bp −$2,779	doesn't fit	doesn't fit
Sell Backpack live order book, 42 min ago	12.15 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2644%	1h	0.04292	−0.022%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04283	−0.237%	$52K	$18K	25x	as long as short
Hyperliquid S	−0.0295%	1h	0.04300	+0.164%	$1.1M	$695K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04306	+0.306%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04300	+0.163%	$4	—	15x	as long as short
Variational Omni S	−0.0079%	4h	0.04433	+3.267%	$684K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04306	+0.297%	$664	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−4.499%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0082%	4h	0.04304	+0.253%	$107K	$616K	10x	as long as short
Lighter S	+0.0096%	1h	0.04300	+0.159%	$185K	$99K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.04300	+0.156%	$46K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04302	+0.214%	$6.4M	$16.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04288	−0.120%	$6.2M	$4.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04292	−0.027%	$1.2M	$4.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04295	+0.043%	$342K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04300	+0.159%	$4.5M	$2.2M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04296	+0.066%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04304	+0.253%	$1.3M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04300	+0.159%	—	$6.9M	—	as long as short
Backpack S_USDC_PERPshort	+0.0100%	1h	0.04300	+0.159%	$101K	$470K	5x
ApeX Omni SUSDT	+0.0100%	1h	0.04380	+2.023%	$26K	$505K	50x	as long as short
Extended S-USDlong	+0.0104%	1h	0.04293	long leg	$239K	$1.3M	10x
Deribit S_USDC-PERPETUAL	+0.0215%	1h	0.04302	+0.206%	$72K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04307	+0.322%	$241K	$121K	75x	as long as short
01 Exchange SUSD	+0.6336%	1h	0.04370	+1.790%	$27K	$2K	5x	as long as short