WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.143%

Price spread now: Deribit against Coinbase International−0.042%7-day average −0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.992%−$99 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.042%, 7d avg −0.156%

Together, before fees−1.092%−$109 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.114% dearer against Coinbase International than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.156%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2393	0.0416	pay 0.0052% / 1h	23m 03s	$319K	$3.0M	50x
Short	Deribit WIF_USDC-PERPETUAL	0.2392	0.0168	get 0.0021% / 1h	23m 03s	$32K	$274K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$52.01
Price spread: −0.042% → −0.156%: $11.37
Slippage, 4 orders: −$32.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$90.23
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Deribit: live order book, 25 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 Coinbase International live order book, 1 min ago	6.28 bp	14.9 bp −$15	28.0 bp −$280	doesn't fit	doesn't fit
Sell Deribit live order book, 25 min ago	6.12 bp	9.6 bp −$10	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	−0.0142%	4h	0.2386	−0.293%	$976K	$899K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2386	−0.293%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2391	−0.068%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0012%	1h	0.2383	−0.430%	$73K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0089% / S +0.0030%	1h	0.2391	−0.075%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2390	−0.113%	$145K	$670K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2387	−0.251%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2385	−0.322%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2383	−0.399%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2387	−0.268%	$75K	$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	0.2384	−0.376%	$18.5M	$139.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2383	−0.418%	$16.1M	$46.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2382	−0.460%	$5.4M	$39.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2384	−0.376%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2384	−0.376%	$21.4M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2382	−0.460%	$3.9M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2382	−0.460%	$7.2M	$15.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2383	−0.418%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2376	−0.706%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2378	−0.619%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2377	−0.669%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2391	−0.084%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2387	−0.251%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2392	−0.063%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2388	−0.209%	$154K	$829K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2389	−0.153%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2392	−0.061%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUALshort	+0.0168%	1h	0.2392	−0.042%	$32K	$274K	25x
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2392	−0.026%	$633K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0416%	1h	0.2393	long leg	$319K	$3.0M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2387	−0.267%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.209%	$10K	$10K	12x	as long as short