Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: SunX against Binance−0.118%46s7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1871.875% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.118%, 7d avg −0.177%

Together, before fees+0.119%+$12 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: SunX is 0.059% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.177%. The two prices were read 46 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	Binance WIFUSDT	0.2367	0.0100	pay 0.0050% / 4h	2h 31m	$17.5M	$99.2M	75x
Short	SunX WIF-USDT	0.2364	0.0100	get 0.0050% / 4h	2h 31m	$2K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.177%: $5.89
Slippage, 4 orders: −$169.5
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$181.6
Costs to cover: 1.875%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; SunX: live order book, 6 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, 11 min ago	2.11 bp	10.0 bp −$10	21.8 bp −$218	96.8 bp −$9,677	doesn't fit
Sell SunX live order book, 6 min ago	35.81 bp	70.3 bp −$70	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
Backpack WIF_USDC_PERP	−0.0732%	1h	0.2366	−0.046%	$73K	$234K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.192%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0206%	4h	0.2365	−0.076%	$4.2M	$11.1M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2368	+0.051%	$46K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2369	+0.096%	$623K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0058%	4h	0.2374	+0.322%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0012%	4h	0.2367	+0.009%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2369	+0.086%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2368	+0.064%	$14K	—	150x	as long as short
Aster WIFUSDT	+0.0007%	4h	0.2366	−0.029%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0038%	4h	0.2376	+0.385%	$265K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2367	+0.009%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2368	+0.051%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2367	+0.009%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2372	+0.203%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2368	+0.038%	$75K	$48K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2367	long leg	$17.5M	$99.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2365	−0.076%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2367	+0.009%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2367	+0.009%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2368	+0.051%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2364	−0.118%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2372	+0.220%	$42K	$617K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2364	−0.118%	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2366	−0.012%	$538	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2366	−0.034%	$164K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2366	−0.045%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2366	−0.015%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0134% / S −0.0639%	1h	0.2368	+0.052%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2376	+0.389%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2370	+0.135%	$962K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2365	−0.059%	$0	—	15x	as long as short