data as of
Settings8H · net · $10k
Funding arb /

W

all W markets
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Funding spread now, next payment 15:00 UTC+0.0205%/8h
paid, last 24h+0.029%paid, last 7 days+0.064%to open and close $10k−$99
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX W-USDT-SWAP0.01198−0.0105get 0.0053% / 4h1h 04m$1.3M$2.4M20x
ShortHyperliquid W0.011980.0100get 0.0013% / 1h4m 54s$2.1M$650K5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$43.12
Slippage, 4 orders
−$79.66
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$55.54
Break-even
16.0 days
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view
Price gap now
+0.008%
Avg gap 7d
+0.051%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.67 bp24.7 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago4.16 bp18.3 bp −$18doesn't fitdoesn't fitdoesn't fit

W on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit W_USDC-PERPETUAL−0.0417%1h$18K$35110xas long as short
OKX W-USDT-SWAPlong−0.0105%4h$1.3M$2.4M20x
Injective W/USDC PERP+0.0033%1h$1K$43K12xas long as short
Hyperliquid Wshort+0.0100%1h$2.1M$650K5x
Binance WUSDT+0.0100%4h$3.0M$8.3M50xas long as short
Bybit WUSDT+0.0100%4h$4.2M$2.2M50xas long as short
Gate W_USDT+0.0100%4h$445K$325K75xas long as short
MEXC W_USDT+0.0100%4h$11.9M$1.4M50xas long as short
KuCoin WUSDTM+0.0100%4h$436K$236K50xas long as short
Bitget WUSDT+0.0100%4h$1.2M$586K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX W-USDT+0.0100%4h$7.1Mas long as short
Backpack W_USDC_PERP+0.0100%1h$40K$46K15xas long as short
Variational Omni W+0.0100%4h$84K$30Kas long as short
Extended W-USD+0.0104%1h$60K$276K5xas long as short
Coinbase International W-PERP-INTX+0.0152%1h$14K$23K50xas long as short
Kraken Futures PF_WUSD+0.0317%1h$150K$190K20xas long as short