After costs, if the gap returns to its 7d average, $10k−$186
spread now−0.036%7d average−0.026%fees + slippage, in and out−$185spread needed1.852%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WUSDT | 0.01162 | 0.0100 | pay 0.0050% / 4h | 55m 26s | $2.9M | $8.1M | 50x |
| Short | Extended W-USD | 0.01162 | 0.0104 | get 0.0013% / 1h | 55m 26s | $59K | $276K | 5x |
Binance WUSDT
Extended W-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$3.58
- Funding while held
- $0.12
- Slippage, 4 orders
- −$170.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$188.66
- Spread needed to break even
- 1.852%
Slippage from Binance: live order book, just now; Extended: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- Average in range /8h
- —
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 Binance live order book, just now | 1.72 bp | 18.0 bp −$18 | 86.2 bp −$862 | doesn't fit | doesn't fit |
| Sell Extended live order book, 59 min ago | 3.00 bp | 27.9 bp −$28 | 279.4 bp −$2,794 | doesn't fit | doesn't fit |
W price on every exchange
against the cheapest. Click to use as the short leg.Gate0.01160cheapestBybit0.01161+0.060%Variational Omni0.01161+0.105%OKX0.01162+0.147%BingX0.01162+0.172%
Gate
Bybit
Variational Omni
OKX
BingXExtended0.01162+0.180%
Binance0.01162+0.216%
KuCoin0.01163+0.259%MEXC0.01163+0.276%Deribit0.01163+0.302%Hyperliquid0.01164+0.345%Bitget0.01164+0.345%Backpack0.01164+0.353%Kraken Futures0.01166+0.495%Coinbase International0.01178+1.534%Injective0.01209+4.224%
KuCoin
MEXC
Deribit
Hyperliquid
Bitget
Backpack
Kraken Futures
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate W_USDT | −0.215% | +0.0100% | 4h | $439K | $320K | 75x | as long as short |
| Bybit WUSDT | −0.155% | +0.0100% | 4h | $4.1M | $2.2M | 50x | as long as short |
| Variational Omni W | −0.110% | +0.0100% | 4h | $70K | $42K | — | as long as short |
| OKX W-USDT-SWAP | −0.069% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| BingX W-USDT | −0.043% | +0.0100% | 4h | — | $6.9M | — | as long as short |
| Extended W-USDshort | −0.036% | +0.0104% | 1h | $59K | $276K | 5x | |
| Binance WUSDTlong | 0.000% | +0.0100% | 4h | $2.9M | $8.1M | 50x | |
| KuCoin WUSDTM | +0.043% | +0.0100% | 4h | $410K | $244K | 50x | as long as short |
| MEXC W_USDT | +0.060% | +0.0100% | 4h | $12.9M | $1.6M | 50x | as long as short |
| Deribit W_USDC-PERPETUAL | +0.086% | 0.0000% | 1h | $18K | $351 | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid W | +0.129% | +0.0100% | 1h | $2.0M | $555K | 5x | as long as short |
| Bitget WUSDT | +0.129% | +0.0100% | 4h | $1.2M | $580K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.138% | −0.0216% | 1h | $39K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.278% | +0.1082% | 1h | $144K | $189K | 20x | as long as short |
| Coinbase International W-PERP-INTX | +1.316% | +0.0120% | 1h | $14K | $20K | 50x | as long as short |
| Injective W/USDC PERP | +4.000% | +0.0033% | 1h | $1K | $10K | 12x | as long as short |