W

Alert

Funding spread now, next payment 19:00 UTC−0.0873%/8h

paid, last 24h−0.182%paid, last 3 days−0.684%to open and closeno order book

Long on Variational Omni Short on Deribit

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni W	0.01174	0.0100	pay 0.0050% / 4h	1h 41m	$71K	$41K	—
Short	Deribit W_USDC-PERPETUAL	0.01172	−0.0773	pay 0.0097% / 1h	41m 14s	$18K	$351	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee DeribitbpOrdersRate

Funding earned: −$183.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$190.35
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.224%
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 Variational Omni no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Variational Omni and 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-PERPETUALshort	−0.0773%	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	$2.3M	20x	as long as short
Gate W_USDT	+0.0100%	4h	$445K	$323K	75x	as long as short
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	$582K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Variational Omni Wlong	+0.0100%	4h	$71K	$41K	—
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	+0.0900%	1h	$146K	$193K	20x	as long as short