W

Alert

Funding spread now, next payment 19:00 UTC+0.0786%/8h

paid, last 24h+0.182%paid, last 5 days+0.746%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	0.01174	−0.0686	get 0.0086% / 1h	41m 50s	$18K	$351	10x
Short	Gate W_USDT	0.01174	0.0100	get 0.0050% / 4h	1h 41m	$445K	$323K	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GatebpOrdersRate

Funding earned: $165.08
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $143.08
Break-even: 0.9 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 55 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.017%
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 Gate live order book, 55 min ago	3.43 bp	188.4 bp −$188	doesn't fit	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	−0.0686%	1h	$18K	$351	10x
Coinbase International W-PERP-INTX	+0.0024%	1h	$14K	$22K	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	$611K	5x	as long as short
Binance WUSDT	+0.0100%	4h	$3.0M	$8.4M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	$4.1M	$2.4M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	$1.3M	$2.4M	20x	as long as short
Gate W_USDTshort	+0.0100%	4h	$445K	$323K	75x
MEXC W_USDT	+0.0100%	4h	$11.5M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$410K	$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	$589K	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	+0.0462%	1h	$39K	$49K	15x	as long as short
Kraken Futures PF_WUSD	+0.0899%	1h	$146K	$193K	20x	as long as short