Funding spread now, next payment 19:00 UTC+0.0797%/8h
next payment, per $10,000+$1.00paid, last 24h+0.014%paid, last 5 days−0.221%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.221% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 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 W_USDC_PERP | 0.01176 | 0.0100 | pay 0.0013% / 1h | 15m 15s | $39K | $47K | 15x |
| Short | Kraken Futures PF_WUSD | 0.01178 | 0.0897 | get 0.0112% / 1h | 15m 15s | $146K | $194K | 20x |
Backpack W_USDC_PERP
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $167.39
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $147.39
- Break-even
- 0.8 days
Slippage unknown: Backpack: no order-book sample; Kraken Futures: live order book, 19 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +0.146%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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 Kraken Futures live order book, 19 min ago | 19.12 bp | 44.4 bp −$44 | doesn't fit | 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 | 0.0000% | 1h | $18K | $351 | 10x | as long as short |
| Coinbase International W-PERP-INTX | +0.0024% | 1h | $14K | $20K | 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 | $569K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | $3.0M | $8.1M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | $4.1M | $2.2M | 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 | $445K | $326K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | $12.2M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | $416K | $244K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Coinbase International W-PERP-INTX
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Bitget WUSDT | +0.0100% | 4h | $1.2M | $581K | 50x | as long as short |
| BingX W-USDT | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERPlong | +0.0100% | 1h | $39K | $47K | 15x | |
| Variational Omni W | +0.0100% | 4h | $71K | $42K | — | as long as short |
| Extended W-USD | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| Kraken Futures PF_WUSDshort | +0.0897% | 1h | $146K | $194K | 20x |
Bitget WUSDT
BingX W-USDT
Variational Omni W
Extended W-USD