W

Alert

Funding spread now, next payment 18:00 UTC+0.0076%/8h

paid, last 24h−0.028%paid, last 5 days−0.006%to open and closeno order book

Long on Coinbase International Short on Bybit

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International W-PERP-INTX	0.01177	0.0024	pay 0.0003% / 1h	40m 21s	$14K	$22K	50x
Short	Bybit WUSDT	0.01169	0.0100	get 0.0050% / 4h	1h 40m	$4.1M	$2.3M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersRate

Funding earned: $15.96
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.04
Break-even: 9.2 days

Slippage unknown: Coinbase International: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.646%
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 Coinbase International no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	4.26 bp	25.5 bp −$25	146.9 bp −$1,469	doesn't fit	doesn't fit

Coinbase International: 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-INTXlong	+0.0024%	1h	$14K	$22K	50x
Injective W/USDC PERP	+0.0033%	1h	$1K	$23K	12x	as long as short
Hyperliquid W	+0.0100%	1h	$2.0M	$611K	5x	as long as short
Binance WUSDT	+0.0100%	4h	$2.9M	$8.4M	50x	as long as short
Bybit WUSDTshort	+0.0100%	4h	$4.1M	$2.3M	50x
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	$11.5M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$409K	$247K	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	$583K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Variational Omni W	+0.0100%	4h	$71K	$41K	—	as long as short
Extended W-USD	+0.0104%	1h	$59K	$276K	5x	as long as short
Backpack W_USDC_PERP	+0.0410%	1h	$39K	$49K	15x	as long as short
Kraken Futures PF_WUSD	+0.0901%	1h	$146K	$193K	20x	as long as short