W

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1048%/8h= +114.7% APRnext payment +$1.31 per $10,000 · paid last 24h +0.172%

Price spread now: Extended against Deribit−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.040% cheaper against Deribit than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit W_USDC-PERPETUAL	0.01172	−0.0944	get 0.0118% / 1h	12m 14s	$17K	$1K	10x
Short	Extended W-USD	0.01171	0.0104	get 0.0013% / 1h	12m 14s	$59K	$276K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $219.98
Price spread: −0.040% → 0.000%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $204.01
Costs to cover: 0.120%
Break-even: 0.5 days

Slippage unknown: Deribit: no order-book sample; Extended: live order book, 10 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Extended live order book, 10 min ago	1.70 bp	58.1 bp −$58	342.1 bp −$3,421	doesn't fit	doesn't fit

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 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-PERPETUALlong	−0.0944%	1h	0.01172	long leg	$17K	$1K	10x
OKX W-USDT-SWAP	+0.0008%	4h	0.01171	−0.060%	$1.3M	$2.1M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+3.192%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01173	+0.119%	$2.0M	$455K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01171	−0.045%	$2.9M	$7.1M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01170	−0.137%	$4.1M	$2.0M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01170	−0.137%	$444K	$301K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01171	−0.043%	$12.8M	$1.8M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01171	−0.051%	$415K	$217K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01174	+0.205%	$1.3M	$587K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01171	−0.043%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01173	+0.102%	$44K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01173	+0.128%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01176	+0.376%	$123K	$409K	10x	as long as short
Extended W-USDshort	+0.0104%	1h	0.01171	−0.040%	$59K	$276K	5x
Coinbase International W-PERP-INTX	+0.0296%	1h	0.01178	+0.546%	$14K	$18K	50x	as long as short
Kraken Futures PF_WUSD	+0.0620%	1h	0.01174	+0.241%	$145K	$185K	20x	as long as short