W

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days−0.044%to open and closeno order book

Long on Binance Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WUSDT	0.01167	0.0100	pay 0.0050% / 4h	3h 21m	$2.9M	$8.5M	50x
Short	Variational Omni W	0.01170	0.0100	get 0.0050% / 4h	3h 21m	$82K	$30K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Variational Omni: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.271%
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 Binance live order book, 4 min ago	0.85 bp	21.6 bp −$22	98.7 bp −$987	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Backpack W_USDC_PERP	−0.0123%	1h	$37K	$49K	15x	as long as short
Deribit W_USDC-PERPETUAL	0.0000%	1h	$18K	$351	10x	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	$661K	5x	as long as short
Binance WUSDTlong	+0.0100%	4h	$2.9M	$8.5M	50x
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	$436K	$334K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	$11.6M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$410K	$250K	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	$592K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Variational Omni Wshort	+0.0100%	4h	$82K	$30K	—
Extended W-USD	+0.0104%	1h	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0120%	1h	$14K	$22K	50x	as long as short
Kraken Futures PF_WUSD	+0.0599%	1h	$146K	$193K	20x	as long as short