Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Gate against Extended+0.198%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$656as in the Funding arb table
Net, price: spread back to 7d avg − costs−$631as in the Price arb table
costs, in and out, $10k−$6576.573% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.198%, 7d avg −0.063%
=Together, before fees−0.271%+ Points / potential airdropExtended: Active · farm board−$27 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: Gate is 0.261% dearer against Extended than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01176 | 0.0104 | pay 0.0013% / 1h | 23m 47s | $59K | $276K | 5x |
| Short | Gate W_USDT | 0.01179 | 0.0100 | get 0.0050% / 4h | 2h 23m | $447K | $301K | 75x |
Extended W-USD
Gate W_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.198% → −0.063%
- $26.09
- Slippage, 4 orders
- −$637.25
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$632
- Costs to cover
- 6.573%
- Break-even
- never at this rate
Slippage from Extended: live order book, 63 min ago; Gate: live order book, 61 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, 63 min ago | 1.70 bp | 62.5 bp −$62 | 337.7 bp −$3,377 | doesn't fit | doesn't fit |
| Sell Gate live order book, 61 min ago | 8.09 bp | 323.2 bp −$323 | doesn't fit | 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 | −0.0429% | 1h | 0.01177 | +0.037% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0024% | 4h | 0.01177 | +0.054% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.783% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.147% | $2.0M | $455K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01178 | +0.163% | $3.0M | $7.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01176 | −0.023% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDTshort | +0.0100% | 4h | 0.01179 | +0.198% | $447K | $301K | 75x | |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | +0.105% | $12.9M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01175 | −0.108% | $417K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.147% | $1.3M | $587K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
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 | 0.01177 | +0.062% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01178 | +0.122% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.303% | $70K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | −0.264% | $123K | $409K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01176 | long leg | $59K | $276K | 5x | |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01178 | +0.147% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0618% | 1h | 0.01179 | +0.211% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD