W

Alert

Funding spread now, next payment 19:00 UTC−0.0113%/8h

next payment, per $10,000−$0.14paid, last 24h+0.065%paid, last 5 days−0.342%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack W_USDC_PERP	0.01174	0.0217	pay 0.0027% / 1h	38m 07s	$39K	$49K	15x
Short	Extended W-USD	0.01171	0.0104	get 0.0013% / 1h	38m 07s	$59K	$276K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ExtendedbpOrdersRate

Funding earned: −$23.67
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$38.67
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Extended: live order book, 16 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.290%
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 no order-book sample	—	—	—	—	—
Sell Extended live order book, 16 min ago	3.00 bp	27.9 bp −$28	279.4 bp −$2,794	doesn't fit	doesn't fit

Backpack: 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.

W on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit W_USDC-PERPETUAL	−0.0432%	1h	$18K	$351	10x	as long as short
Coinbase International W-PERP-INTX	+0.0024%	1h	$14K	$21K	50x	as long as short
Injective W/USDC PERP	+0.0033%	1h	$1K	$23K	12x	as long as short
Hyperliquid W	+0.0100%	1h	$2.0M	$576K	5x	as long as short
Binance WUSDT	+0.0100%	4h	$3.0M	$8.4M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	$4.1M	$2.3M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	$1.3M	$2.3M	20x	as long as short
Gate W_USDT	+0.0100%	4h	$443K	$323K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	$12.3M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$410K	$245K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget WUSDT	+0.0100%	4h	$1.2M	$582K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	$71K	$41K	—	as long as short
Extended W-USDshort	+0.0104%	1h	$59K	$276K	5x
Backpack W_USDC_PERPlong	+0.0217%	1h	$39K	$49K	15x
Kraken Futures PF_WUSD	+0.0898%	1h	$146K	$193K	20x	as long as short