WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.184%

Price spread now: Extended against Backpack+0.107%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 4 days (all we have)−0.751%−$75 · spread now +0.107%, 7d avg +0.036%

Together, before fees−0.360%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.071% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WIF_USDC_PERP	0.2490	0.0100	pay 0.0013% / 1h	17m 45s	$85K	$272K	10x
Short	Extended WIF-USD	0.2492	0.0104	get 0.0013% / 1h	17m 45s	$9K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0.84
Price spread: +0.107% → +0.036%: $7.09
Slippage, 4 orders: −$44.72
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.8
Costs to cover: 0.597%
Break-even: 438.7 days

Slippage from Backpack: live order book, 46 min ago; Extended: live order book, 43 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, 46 min ago	0.20 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 43 min ago	8.09 bp	19.7 bp −$20	88.4 bp −$884	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
BloFin WIF-USDT	−0.0189%	4h	0.2494	+0.173%	$1.0M	$832K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2495	+0.193%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2489	−0.028%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2490	+0.012%	$805	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.791%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2494	+0.169%	$141K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.133%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2493	+0.115%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2495	+0.212%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2494	+0.174%	$19.1M	$114.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2491	+0.052%	$17.1M	$38.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2494	+0.173%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2492	+0.092%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	+0.133%	$22.4M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2493	+0.133%	$4.4M	$13.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2494	+0.173%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2493	+0.133%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERPlong	+0.0100%	1h	0.2490	long leg	$85K	$272K	10x
Variational Omni WIF	+0.0100%	4h	0.2488	−0.067%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2487	−0.128%	$282K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2492	+0.092%	$43K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2490	+0.012%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2486	−0.149%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2490	+0.012%	$572	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2489	−0.028%	$168K	$694K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2492	+0.107%	$9K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2490	+0.017%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2491	+0.049%	$654K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0151% / S −0.0024%	1h	0.2489	−0.030%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2492	+0.092%	$332K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0328%	1h	0.2499	+0.369%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	+0.035%	$0	—	15x	as long as short