Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.181%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1891.891% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.181%, 7d avg −0.069%
=Together, before fees+0.237%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.111% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01185 | 0.0104 | pay 0.0013% / 1h | 49m 42s | $59K | $228K | 5x |
| Short | Bybit WUSDT | 0.01183 | 0.0100 | get 0.0050% / 4h | 49m 42s | $4.1M | $1.9M | 50x |
Extended W-USD
Bybit WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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: −0.181% → −0.069%
- −$11.12
- Slippage, 4 orders
- −$173.1
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$201.07
- Costs to cover
- 1.891%
- Break-even
- never at this rate
Slippage from Extended: live order book, 28 min ago; Bybit: live order book, 3 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 Extended live order book, 28 min ago | 1.70 bp | 71.0 bp −$71 | 357.5 bp −$3,575 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.23 bp | 29.1 bp −$29 | 124.9 bp −$1,249 | 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 | −0.0172% | 1h | 0.01183 | −0.138% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0035% | 4h | 0.01184 | −0.046% | $1.3M | $2.0M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.022% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01185 | −0.003% | $2.0M | $423K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01185 | +0.010% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01183 | −0.181% | $4.1M | $1.9M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01190 | +0.418% | $449K | $290K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01185 | +0.022% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01185 | −0.003% | $459K | $212K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01185 | −0.003% | $1.3M | $571K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
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 | −0.037% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01180 | −0.396% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01183 | −0.203% | $130K | $385K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01185 | long leg | $59K | $228K | 5x | |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01186 | +0.098% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0717% | 1h | 0.01186 | +0.092% | $147K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1097% | 1h | 0.01185 | −0.020% | $44K | $47K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP