W

Alert

Funding spread now, next payment 19:00 UTC+0.0359%/8h

paid, last 24h+0.182%paid, last 5 days+0.802%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	0.01178	−0.0259	get 0.0032% / 1h	16m 30s	$18K	$351	10x
Short	Bitget WUSDT	0.01178	0.0100	get 0.0050% / 4h	1h 16m	$1.2M	$580K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BitgetbpOrdersRate

Funding earned: $75.38
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $56.38
Break-even: 1.8 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.025%
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 Bitget live order book, 1 min ago	8.49 bp	21.9 bp −$22	126.7 bp −$1,267	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	−0.0259%	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	$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	$446K	$326K	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	$416K	$244K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget WUSDTshort	+0.0100%	4h	$1.2M	$580K	50x
BingX W-USDT	+0.0100%	4h	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	$39K	$47K	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	+0.0895%	1h	$147K	$194K	20x	as long as short