WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.32 per $10,000 · paid last 24h −0.079%

Price spread now: Deribit against ApeX Omni−0.161%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.687%−$69 on $10k

Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.161%, 7d avg +0.005%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.166% cheaper against ApeX Omni than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2489	0.0100	pay 0.0013% / 1h	58m 50s	$35K	$648K	25x
Short	Deribit WIF_USDC-PERPETUAL	0.2485	−0.0152	pay 0.0019% / 1h	58m 50s	$33K	$274K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$52.97
Price spread: −0.161% → +0.005%: −$16.62
Slippage, 4 orders: −$40.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$126.95
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; Deribit: live order book, 40 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 ApeX Omni live order book, 39 min ago	9.91 bp	18.5 bp −$18	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell Deribit live order book, 40 min ago	5.95 bp	9.4 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit

WIF on 32 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
GMX WIF/USD [WBTC.b-USDC]	L −0.0265% / S +0.0293%	1h	0.2488	−0.053%	$19K	—	100x	as long as short
Deribit WIF_USDC-PERPETUALshort	−0.0152%	1h	0.2485	−0.161%	$33K	$274K	25x
BloFin WIF-USDT	−0.0140%	4h	0.2484	−0.201%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	+0.025%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2488	−0.021%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2493	+0.169%	$145K	$805K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2487	−0.080%	$53K	$578K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2491	+0.076%	$9.9M	$8.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2490	+0.050%	$33K	$404K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2489	+0.014%	$77K	$84K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2493	+0.152%	$19.7M	$162.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2484	−0.185%	$16.7M	$54.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2482	−0.281%	$5.8M	$46.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2489	0.000%	$1.5M	$10.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2486	−0.121%	$24.1M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2493	+0.161%	$3.9M	$17.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2486	−0.121%	$7.5M	$17.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2490	+0.040%	—	$27.4M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2491	+0.076%	$74K	$321K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−2.404%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−1.719%	$272K	$3.0M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2489	long leg	$35K	$648K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2487	−0.080%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.321%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2486	−0.133%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2472	−0.683%	$153K	$946K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2493	+0.167%	$10K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	−0.092%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2490	+0.040%	$330K	$3.7M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2480	−0.362%	$10K	$27K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2485	−0.164%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0744%	1h	0.2487	−0.091%	$652K	$2.9M	50x	as long as short