A delta-neutral position would go long on Backpack Exchange (-3.91%) and short on Extended (+11.39%), collecting roughly 15.3% APR before fees, slippage and margin costs.
Funding is shown both as the venue quotes it and annualised, so venues on different settlement intervals line up.
| Venue | Market | Mark | Funding APR | Per hour | Next | Open interest | 24h vol | Max lev |
|---|---|---|---|---|---|---|---|---|
| BILLUSDT | $0.006288 | +5.48% | +0.0006% | 1h 42m | $20.4K 3.24M BILL | $12.5K | - | |
Sampled continuously and bucketed to four hours.
| BILL_USDC_PERP |
| $0.006280 |
| -3.91% |
| -0.0004% |
| 42m |
| $6.8K 1.08M BILL |
| $8.1K |
| - |
| BILL-USD | $0.006281 | +11.39% | +0.0013% | 42m | $4.4K 703.0K BILL | $404K | 5× |