A delta-neutral position would go long on Backpack Exchange (+1.37%) and short on Extended (+11.39%), collecting roughly 10.0% 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 |
|---|---|---|---|---|---|---|---|---|
| BILL_USDC_PERP | $0.0134 | +1.37% | +0.0002% | 31m | $10.0K 745.3K BILL | $164K | - | |
Sampled continuously and bucketed to four hours.
| BILLUSDT |
| $0.0134 |
| +10.95% |
| +0.0013% |
| 31m |
| $6.1K 457.5K BILL |
| $5.7K |
| - |
| BILL-USD | $0.0134 | +11.39% | +0.0013% | 31m | $1.6K 122.0K BILL | $0 | 5× |