W

Alert

Funding spread now, next payment 20:00 UTC+0.0067%/8h

paid, last 24h+0.038%paid, last 4 days+0.052%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective W/USDC PERP	0.01209	0.0033	pay 0.0004% / 1h	55m 45s	$1K	$10K	12x
Short	Bybit WUSDT	0.01161	0.0100	get 0.0050% / 4h	55m 45s	$4.1M	$2.2M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BybitbpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2.98
Break-even: 5.5 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −4.012%
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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.29 bp	27.9 bp −$28	147.3 bp −$1,473	doesn't fit	doesn't fit

Injective: 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	−0.0216%	1h	$39K	$47K	15x	as long as short
Deribit W_USDC-PERPETUAL	0.0000%	1h	$18K	$351	10x	as long as short
Injective W/USDC PERPlong	+0.0033%	1h	$1K	$10K	12x
Hyperliquid W	+0.0100%	1h	$2.0M	$555K	5x	as long as short
Binance WUSDT	+0.0100%	4h	$2.9M	$8.1M	50x	as long as short
Bybit WUSDTshort	+0.0100%	4h	$4.1M	$2.2M	50x
OKX W-USDT-SWAP	+0.0100%	4h	$1.3M	$2.3M	20x	as long as short
Gate W_USDT	+0.0100%	4h	$439K	$320K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	$12.9M	$1.6M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$410K	$244K	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	$580K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$6.9M	—	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
Coinbase International W-PERP-INTX	+0.0120%	1h	$14K	$20K	50x	as long as short
Kraken Futures PF_WUSD	+0.1082%	1h	$144K	$189K	20x	as long as short