Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Gate against Extended−0.244%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$484as in the Funding arb table
Net, price: spread back to 7d avg − costs−$501as in the Price arb table
costs, in and out, $10k−$4854.845% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.244%, 7d avg −0.078%
=Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.167% cheaper against Extended than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01178 | 0.0104 | pay 0.0013% / 1h | 48m 54s | $59K | $388K | 5x |
| Short | Gate W_USDT | 0.01175 | 0.0100 | get 0.0050% / 4h | 3h 48m | $429K | $217K | 75x |
Extended W-USD
Gate W_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.244% → −0.078%
- −$16.68
- Slippage, 4 orders
- −$464.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$502.05
- Costs to cover
- 4.845%
- Break-even
- never at this rate
Slippage from Extended: live order book, 48 min ago; Gate: live order book, 47 min ago.
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 Extended live order book, 48 min ago | 2.98 bp | 73.5 bp −$74 | 359.0 bp −$3,590 | doesn't fit | doesn't fit |
| Sell Gate live order book, 47 min ago | 9.39 bp | 167.9 bp −$168 | doesn't fit | doesn't fit | doesn't fit |
W on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0089% | 1h | 0.01179 | +0.070% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.599% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01179 | +0.053% | $2.0M | $271K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01179 | +0.027% | $3.0M | $5.1M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | −0.134% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01178 | −0.024% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDTshort | +0.0100% | 4h | 0.01175 | −0.244% | $429K | $217K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | +0.002% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01178 | −0.032% | $388K | $190K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | +0.053% | $1.3M | $539K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01179 | +0.010% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01177 | −0.078% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | −0.097% | $126K | $374K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01178 | long leg | $59K | $388K | 5x | |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01182 | +0.324% | $13K | $12K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0651% | 1h | 0.01180 | +0.172% | $46K | $52K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0895% | 1h | 0.01182 | +0.265% | $147K | $49K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD