Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Popdex against Binance+0.042%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1451.450% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.042%, 7d avg +0.031%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2421	0.0100	pay 0.0050% / 4h	2h 18m	$18.7M	$140.0M	75x
Short	Popdex WIFUSDT	0.2422	0.0096	get 0.0012% / 1h	18m 31s	$51K	$570K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Binance. 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 BinancebpFee PopdexbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$0.84
Price spread: +0.042% → +0.031%: $1.11
Slippage, 4 orders: −$128.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$144.7
Costs to cover: 1.450%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Popdex: live order book, 30 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 Binance live order book, 10 min ago	2.10 bp	9.1 bp −$9	20.6 bp −$206	89.1 bp −$8,910	doesn't fit
Sell Popdex live order book, 30 min ago	4.08 bp	51.4 bp −$51	doesn't fit	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	−0.0141%	4h	0.2414	−0.288%	$974K	$907K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2415	−0.265%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2411	−0.412%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2412	−0.371%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0029%	1h	0.2411	−0.396%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0087% / S +0.0031%	1h	0.2412	−0.382%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2417	−0.177%	$147K	$671K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2422	+0.042%	$51K	$570K	20x
Hyperliquid WIF	+0.0100%	1h	0.2417	−0.164%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2420	−0.060%	$29K	$330K	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	0.2417	−0.185%	$76K	$69K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2421	long leg	$18.7M	$140.0M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2422	+0.042%	$16.4M	$46.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2421	+0.001%	$5.5M	$40.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2418	−0.123%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2419	−0.082%	$21.8M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2418	−0.123%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2420	−0.040%	$7.4M	$15.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2420	−0.040%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	−0.781%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−1.589%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2390	−1.280%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2412	−0.371%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2408	−0.536%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2411	−0.400%	$557	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2413	−0.330%	$156K	$858K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2419	−0.086%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2411	−0.398%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0248%	1h	0.2412	−0.355%	$631K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2416	−0.206%	$322K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2411	−0.408%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.825%	$10K	$10K	12x	as long as short