vibgg

About

Compare the real all-in cost of perpetual futures across exchanges: trading fees, funding, and spread, in dollars.

vibgg

Methodology

total = trading fees − rebate + funding + half-spread on taker fills

funding over a month = V × H × r / (2 × I)
  V = monthly notional turnover
  H = average hold time in hours
  r = funding rate per settlement
  I = settlement interval in hours

Assumes the current rate holds for the whole period. Funding rates change every settlement; this is an extrapolation, not a forecast.

vibgg

Not financial advice

This site publishes market data and cost arithmetic. It is not investment advice and no content here is a recommendation to trade. Trading perpetual futures with leverage can lose you more than you deposit.

Affiliate disclosure: links to exchanges on this site are referral links. If you sign up through one, we may receive a share of the trading fees you pay. This never increases your cost -- where a rebate applies, it lowers it. Rankings on this site are computed from the cost model and are not influenced by commission rates.

Type is set in the Go fonts by Bigelow & Holmes, used under the BSD-3-Clause licence.