Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance+0.011%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1661.658% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.011%, 7d avg −0.026%
=Together, before fees−0.170%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WUSDT | 0.01181 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $3.0M | $5.3M | 50x |
| Short | Extended W-USD | 0.01181 | 0.0104 | get 0.0013% / 1h | 5m 44s | $60K | $146K | 5x |
Binance WUSDT
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.011% → −0.026%
- $3.7
- Slippage, 4 orders
- −$150.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$161.26
- Costs to cover
- 1.658%
- Break-even
- 1350.8 days
Slippage from Binance: live order book, 2 min ago; Extended: live order book, 35 min ago.
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 Binance live order book, 2 min ago | 2.54 bp | 22.6 bp −$23 | 130.6 bp −$1,306 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 1.68 bp | 19.3 bp −$19 | 254.0 bp −$2,540 | doesn't fit | doesn't fit |
W on 17 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0004% | 1h | 0.01182 | +0.076% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.380% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01182 | +0.093% | $2.0M | $284K | 5x | as long as short |
| Binance WUSDTlong | +0.0100% | 4h | 0.01181 | long leg | $3.0M | $5.3M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.127% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01180 | −0.085% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01178 | −0.212% | $428K | $236K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01181 | +0.017% | $12.4M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01181 | +0.008% | $389K | $192K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01182 | +0.093% | $1.3M | $554K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01181 | −0.017% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01179 | −0.161% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01181 | +0.016% | $125K | $383K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01181 | +0.011% | $60K | $146K | 5x | |
| Coinbase International W-PERP-INTX | +0.0304% | 1h | 0.01196 | +1.287% | $14K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0712% | 1h | 0.01183 | +0.169% | $44K | $41K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1555% | 1h | 0.01184 | +0.225% | $147K | $145K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD