W

Alert

Funding spread now, next payment 17:00 UTC−0.0100%/8h

next payment, per $10,000−$0.13paid, last 24h−0.191%paid, last 5 days−0.740%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid W	0.01176	0.0100	pay 0.0013% / 1h	30m 22s	$2.0M	$662K	5x
Short	Deribit W_USDC-PERPETUAL	0.01177	0	get 0.0000% / 1h	30m 22s	$18K	$351	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee DeribitbpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.085%
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 Hyperliquid live order book, 2 min ago	4.24 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Backpack W_USDC_PERP	−0.0352%	1h	$37K	$50K	15x	as long as short
Deribit W_USDC-PERPETUALshort	0.0000%	1h	$18K	$351	10x
Injective W/USDC PERP	+0.0033%	1h	$1K	$23K	12x	as long as short
Hyperliquid Wlong	+0.0100%	1h	$2.0M	$662K	5x
Binance WUSDT	+0.0100%	4h	$3.0M	$8.4M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	$4.1M	$2.3M	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	$438K	$333K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	$11.7M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$415K	$250K	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	$590K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$7.1M	—	as long as short
Variational Omni W	+0.0100%	4h	$83K	$30K	—	as long as short
Extended W-USD	+0.0104%	1h	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0120%	1h	$14K	$22K	50x	as long as short
Kraken Futures PF_WUSD	+0.0594%	1h	$148K	$193K	20x	as long as short