Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit+0.062%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1961.961% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.062%, 7d avg +0.070%
=Together, before fees−0.114%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01184 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $4.1M | $1.9M | 50x |
| Short | Extended W-USD | 0.01184 | 0.0104 | get 0.0013% / 1h | 20m 48s | $60K | $239K | 5x |
Bybit WUSDT
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.062% → +0.070%
- −$0.83
- Slippage, 4 orders
- −$180.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$196.08
- Costs to cover
- 1.961%
- Break-even
- 1641.0 days
Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 46 min ago.
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 Bybit live order book, 2 min ago | 3.38 bp | 33.5 bp −$34 | 139.1 bp −$1,391 | doesn't fit | doesn't fit |
| Sell Extended live order book, 46 min ago | 2.93 bp | 35.4 bp −$35 | 275.5 bp −$2,755 | doesn't fit | doesn't fit |
W on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0256% | 1h | 0.01185 | +0.161% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.146% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01185 | +0.118% | $2.0M | $393K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01184 | +0.061% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01184 | long leg | $4.1M | $1.9M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01183 | −0.076% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01185 | +0.161% | $448K | $264K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01184 | +0.076% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01187 | +0.287% | $449K | $221K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01184 | +0.034% | $1.3M | $575K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01185 | +0.152% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01184 | +0.032% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01187 | +0.254% | $123K | $405K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01184 | +0.062% | $60K | $239K | 5x | |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01189 | +0.431% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0485% | 1h | 0.01187 | +0.253% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1531% | 1h | 0.01188 | +0.391% | $147K | $180K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD