WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0870%/8h= −95.2% APRnext payment −$1.09 per $10,000 · paid last 24h +0.151%

Price spread now: Injective against Backpack+1.184%72s7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Injective is 1.184% dearer against Backpack than usual: you sell high and buy low (spread +1.184% now, against zero (this spread has no 7-day history yet)): +$118 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4.5 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WIF_USDC_PERP	0.2441	0.0087	pay 0.0011% / 1h	55m 57s	$73K	$262K	10x
Short	Injective WIF/USDC PERP	0.2470	−0.0783	pay 0.0098% / 1h	55m 57s	$11K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.184%Rate

Funding earned: −$182.62
Price spread: +1.184% → 0.000%: $118.39
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$74.25
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: live order book, 12 min ago; Injective: 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, 12 min ago	0.41 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective WIF/USDC PERPshort	−0.0783%	1h	0.2470	+1.184%	$11K	$10K	12x
Gate WIF_USDT	−0.0238%	4h	0.2444	+0.119%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0075%	1h	0.2443	+0.063%	$637K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0054%	4h	0.2445	+0.160%	$4.5M	$12.8M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	+0.060%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2443	+0.078%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2441	+0.011%	$789	—	150x	as long as short
Backpack WIF_USDC_PERPlong	+0.0087%	1h	0.2441	long leg	$73K	$262K	10x
Lighter WIF	+0.0096%	1h	0.2444	+0.102%	$145K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2439	−0.086%	$55K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2441	−0.004%	$5K	$1.3M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2447	+0.229%	$7.8M	$4.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2446	+0.194%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2442	+0.034%	$76K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2445	+0.154%	$18.4M	$110.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2444	+0.119%	$16.8M	$37.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	+0.160%	$5.9M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2445	+0.160%	$22.1M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2446	+0.201%	$7.4M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2444	+0.119%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2439	−0.081%	$74K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	+0.357%	$278K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2451	+0.406%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2438	−0.127%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2443	+0.070%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2442	+0.037%	$167K	$747K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2446	+0.188%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2444	+0.098%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0182% / S −0.0045%	1h	0.2440	−0.032%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2443	+0.078%	$320K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2450	+0.365%	$1.0M	$697K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2442	+0.021%	$0	—	15x	as long as short