W

Alert

Funding spread now, next payment 19:00 UTC+0.0360%/8h

paid, last 24h+0.182%paid, last 5 days+0.727%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit W_USDC-PERPETUAL	0.01175	−0.0260	get 0.0033% / 1h	29m 48s	$18K	$351	10x
Short	Binance WUSDT	0.01175	0.0100	get 0.0050% / 4h	1h 29m	$3.0M	$8.2M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BinancebpOrdersRate

Funding earned: $75.67
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $58.67
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: 0.000%
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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	2.57 bp	21.2 bp −$21	75.5 bp −$755	doesn't fit	doesn't fit

Deribit: 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-PERPETUALlong	−0.0260%	1h	$18K	$351	10x
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	$577K	5x	as long as short
Binance WUSDTshort	+0.0100%	4h	$3.0M	$8.2M	50x
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	$324K	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	$415K	$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	$584K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	$39K	$48K	15x	as long as short
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_WUSD	+0.0897%	1h	$146K	$193K	20x	as long as short