Funding you earn now, next payment 01:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.033%
Price spread now: OKX against Extended−0.016%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2001.999% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.016%, 7d avg −0.034%
=Together, before fees+0.082%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01186 | 0.0104 | pay 0.0013% / 1h | 30m 52s | $61K | $305K | 5x |
| Short | OKX W-USDT-SWAP | 0.01186 | 0.0082 | get 0.0041% / 4h | 3h 30m | $1.3M | $2.0M | 20x |
Extended W-USD
OKX W-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$4.58
- Price spread: −0.016% → −0.034%
- $1.81
- Slippage, 4 orders
- −$184.89
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$202.66
- Costs to cover
- 1.999%
- Break-even
- never at this rate
Slippage from Extended: live order book, 41 min ago; OKX: live order book, 1 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, 41 min ago | 2.12 bp | 104.1 bp −$104 | 419.1 bp −$4,191 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.26 bp | 30.9 bp −$31 | 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 | −0.0424% | 1h | 0.01187 | +0.026% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.906% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAPshort | +0.0082% | 4h | 0.01186 | −0.016% | $1.3M | $2.0M | 20x | |
| Hyperliquid W | +0.0100% | 1h | 0.01187 | +0.052% | $2.0M | $412K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01187 | +0.019% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.092% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01185 | −0.134% | $447K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | +0.026% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01188 | +0.136% | $456K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01186 | −0.033% | $1.3M | $569K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit 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 | 0.01186 | −0.058% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −0.090% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01186 | −0.004% | $125K | $375K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01186 | long leg | $61K | $305K | 5x | |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01191 | +0.397% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1313% | 1h | 0.01189 | +0.186% | $44K | $44K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1322% | 1h | 0.01190 | +0.271% | $147K | $181K | 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