WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.125%

Price spread now: GMX against Backpack−0.087%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.087% cheaper against Backpack than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WIF_USDC_PERP	0.2475	−0.0116	get 0.0014% / 1h	43m 13s	$78K	$280K	10x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2473	L +0.0159% / S −0.0029%	get 0.0004% / 1h	43m 13s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $30.45
Price spread: −0.087% → 0.000%: −$8.73
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.28
Costs to cover: 0.220%
Break-even: 7.1 days

Slippage unknown: Backpack: live order book, 20 min ago; GMX: no order-book sample. Net counts fees only.

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, 20 min ago	0.20 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0176%	4h	0.2474	−0.061%	$1.0M	$823K	75x	as long as short
Backpack WIF_USDC_PERPlong	−0.0116%	1h	0.2475	long leg	$78K	$280K	10x
dYdX WIF-USD	0.0000%	1h	0.2470	−0.240%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2472	−0.126%	$799	—	150x	as long as short
Gate WIF_USDT	+0.0012%	4h	0.2475	−0.020%	$1.2M	$7.5M	50x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.222%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	+0.109%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2469	−0.263%	$57K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2475	−0.020%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2469	−0.253%	$34K	$283K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2468	−0.315%	$77K	$56K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2475	−0.020%	$18.9M	$114.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2475	−0.020%	$17.0M	$38.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2476	+0.020%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2475	−0.020%	$22.3M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2476	+0.020%	$4.4M	$13.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2476	+0.020%	$7.5M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2471	−0.182%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2450	−1.027%	$74K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−1.073%	$271K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2458	−0.707%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2467	−0.343%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2476	+0.020%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2470	−0.222%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2475	−0.027%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2474	−0.053%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2478	+0.096%	$648K	$2.3M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2475	−0.020%	$46K	$258K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L +0.0159% / S −0.0029%	1h	0.2473	−0.087%	$8K	—	100x
Hyperliquid WIF	+0.0279%	1h	0.2480	+0.198%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2471	−0.182%	$330K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2470	−0.219%	$0	—	15x	as long as short