Funding you earn now, next payment 00:00 UTC−0.0468%/8h= −51.2% APRpaid last 24h −0.204%
Price spread now: Backpack against Bitget−0.098%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.420%−$42 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.098%, 7d avg −0.118%
=The price spread sits at its 7-day average of −0.118%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WIFUSDT | 0.2437 | 0.0100 | pay 0.0050% / 4h | 16m 08s | $7.5M | $11.8M | 50x |
| Short | Backpack WIF_USDC_PERP | 0.2435 | −0.0368 | pay 0.0046% / 1h | 16m 08s | $75K | $250K | 10x |
Bitget WIFUSDT
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$98.29
- Price spread: −0.098% → −0.118%
- $1.92
- Slippage, 4 orders
- −$26.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$144.57
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Backpack: live order book, 62 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 Bitget live order book, 2 min ago | 4.11 bp | 14.5 bp −$15 | 30.0 bp −$300 | 102.0 bp −$10.2K | doesn't fit |
| Sell Backpack live order book, 62 min ago | 0.21 bp | 11.0 bp −$11 | 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_PERPshort | −0.0368% | 1h | 0.2435 | −0.098% | $75K | $250K | 10x | |
| Deribit WIF_USDC-PERPETUAL | −0.0160% | 1h | 0.2436 | −0.041% | $48K | $289K | 25x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2440 | +0.108% | $18K | $589 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2438 | +0.023% | $16K | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0026% | 4h | 0.2435 | −0.082% | $4.3M | $11.7M | 75x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −1.723% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDC | +0.0093% | 4h | 0.2436 | −0.041% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2437 | −0.012% | $136K | $571K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2438 | +0.041% | $54K | $484K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2440 | +0.115% | $7.6M | $4.0M | 5x | as long as short |
Deribit WIF_USDC-PERPETUAL
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Injective WIF/USDC PERP
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2437 | +0.018% | $24K | $256K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2439 | +0.077% | $75K | $51K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2436 | −0.025% | $18.2M | $104.0M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2435 | −0.082% | $16.8M | $36.0M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2435 | −0.082% | $6.0M | $32.2M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2437 | 0.000% | $1.2M | $7.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2436 | −0.041% | $22.0M | $10.8M | 50x | as long as short |
| Bitget WIFUSDTlong | +0.0100% | 4h | 0.2437 | long leg | $7.5M | $11.8M | 50x | |
| BingX WIF-USDT | +0.0100% | 4h | 0.2436 | −0.041% | — | $65.7M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2436 | −0.035% | $72K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2434 | −0.120% | $276K | $1.8M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2439 | +0.082% | $43K | $626K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2432 | −0.205% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2436 | −0.041% | $556 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2431 | −0.246% | $168K | $746K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2435 | −0.101% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2436 | −0.059% | $81K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0191% / S −0.0138% | 1h | 0.2437 | −0.003% | $6K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2438 | +0.041% | $320K | $2.4M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0320% | 1h | 0.2437 | +0.018% | $633K | $2.2M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2438 | +0.041% | $981K | $733K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2436 | −0.056% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
BloFin WIF-USDT
Reya WIFRUSDPERP