Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX−0.488%7-day average −0.207% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1691.691% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.488%, 7d avg −0.207%

Together, before fees+0.332%+$33 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 0.281% cheaper against BingX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2459	0.0100	pay 0.0050% / 4h	1h 59m	—	$27.2M	—
Short	SunX WIF-USDT	0.2447	0.0100	get 0.0050% / 4h	1h 59m	$1K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.488%Rate

Funding earned: $0
Price spread: −0.488% → −0.207%: −$28.07
Slippage, 4 orders: −$151.1
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$197.17
Costs to cover: 1.691%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; SunX: live order book, 9 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 BingX live order book, 10 min ago	2.04 bp	8.9 bp −$9	15.7 bp −$157	76.4 bp −$7,638	540.1 bp −$270.0K
Sell SunX live order book, 9 min ago	32.68 bp	61.7 bp −$62	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2401	−2.359%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2456	−0.122%	$976K	$927K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2449	−0.427%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2458	−0.031%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0073% / S +0.0252%	1h	0.2458	−0.046%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2460	+0.053%	$142K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2450	−0.366%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2460	+0.028%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2457	−0.074%	$28K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2451	−0.334%	$77K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2458	−0.035%	$18.6M	$141.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2459	−0.004%	$16.6M	$46.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2459	0.000%	$5.5M	$41.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2458	−0.041%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2459	0.000%	$22.5M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2458	−0.041%	$4.1M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2460	+0.041%	$7.5M	$15.5M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2459	long leg	—	$27.2M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2459	+0.016%	$73K	$296K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	−0.445%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−0.404%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	−0.407%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2459	0.000%	$5K	$1.1M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2447	−0.488%	$1K	$3.1M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2459	−0.020%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2451	−0.325%	$149K	$880K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2458	−0.049%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2458	−0.041%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0157%	1h	0.2459	0.000%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0347%	1h	0.2460	+0.054%	$636K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2457	−0.081%	$359K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2458	−0.037%	$0	—	15x	as long as short