Funding you earn now, next payment 00:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h +0.204%
Price spread now: Bitget against Backpack+0.099%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days+0.420%+$42 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.099%, 7d avg +0.118%
=The price spread sits at its 7-day average of +0.118%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2435 | −0.0368 | get 0.0046% / 1h | 16m 09s | $75K | $250K | 10x |
| Short | Bitget WIFUSDT | 0.2437 | 0.0100 | get 0.0050% / 4h | 16m 09s | $7.5M | $11.8M | 50x |
Backpack WIF_USDC_PERP
Bitget WIFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Backpack. 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
- $98.29
- Price spread: +0.099% → +0.118%
- −$1.91
- Slippage, 4 orders
- −$26.19
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $48.19
- Costs to cover
- 0.482%
- Break-even
- 3.6 days
Slippage from Backpack: live order book, 62 min ago; Bitget: live order book, 2 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 Backpack live order book, 62 min ago | 0.21 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.11 bp | 14.1 bp −$14 | 29.2 bp −$292 | 90.4 bp −$9,040 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERPlong | −0.0368% | 1h | 0.2435 | long leg | $75K | $250K | 10x | |
| Deribit WIF_USDC-PERPETUAL | −0.0160% | 1h | 0.2436 | +0.058% | $48K | $289K | 25x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2440 | +0.207% | $18K | $589 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2438 | +0.122% | $16K | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0026% | 4h | 0.2435 | +0.016% | $4.3M | $11.7M | 75x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −1.627% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDC | +0.0093% | 4h | 0.2436 | +0.058% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2437 | +0.086% | $136K | $571K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2438 | +0.140% | $54K | $484K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2440 | +0.214% | $7.6M | $4.0M | 5x | as long as short |
Deribit WIF_USDC-PERPETUAL
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Injective WIF/USDC PERP
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2437 | +0.116% | $24K | $256K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2439 | +0.175% | $75K | $51K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2436 | +0.073% | $18.2M | $104.0M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2435 | +0.016% | $16.8M | $36.0M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2435 | +0.016% | $6.0M | $32.2M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2437 | +0.099% | $1.2M | $7.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2436 | +0.058% | $22.0M | $10.8M | 50x | as long as short |
| Bitget WIFUSDTshort | +0.0100% | 4h | 0.2437 | +0.099% | $7.5M | $11.8M | 50x | |
| BingX WIF-USDT | +0.0100% | 4h | 0.2436 | +0.058% | — | $65.7M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2436 | +0.064% | $72K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2434 | −0.022% | $276K | $1.8M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2439 | +0.181% | $43K | $626K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2432 | −0.107% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2436 | +0.058% | $556 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2431 | −0.148% | $168K | $746K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2435 | −0.003% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2436 | +0.039% | $81K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0191% / S −0.0138% | 1h | 0.2437 | +0.095% | $6K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2438 | +0.140% | $320K | $2.4M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0320% | 1h | 0.2437 | +0.117% | $633K | $2.2M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2438 | +0.140% | $981K | $733K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2436 | +0.043% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
BloFin WIF-USDT
Reya WIFRUSDPERP