WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h +0.105%

Price spread now: Popdex against Deribit−0.155%7-day average +0.027% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1511.509% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.298%+$30 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.155%, 7d avg +0.027%

Together, before fees+0.358%+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Popdex is 0.182% cheaper against Deribit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.298%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2578	0.0526	pay 0.0066% / 1h	30m 44s	$40K	$263K	25x
Short	Popdex WIFUSDT	0.2574	0.0096	get 0.0012% / 1h	30m 44s	$52K	$562K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Deribit. 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 DeribitbpFee PopdexbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$90.36
Price spread: −0.155% → +0.027%: −$18.18
Slippage, 4 orders: −$137.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$259.42
Costs to cover: 1.509%
Break-even: never at this rate

Slippage from Deribit: live order book, 23 min ago; Popdex: live order book, 23 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 Deribit live order book, 23 min ago	3.91 bp	7.4 bp −$7	17.0 bp −$170	doesn't fit	doesn't fit
Sell Popdex live order book, 23 min ago	3.93 bp	66.9 bp −$67	329.4 bp −$3,294	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	−0.0195%	4h	0.2576	−0.078%	$1.1M	$917K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2568	−0.406%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2576	−0.068%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.892%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2581	+0.136%	$148K	$652K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2574	−0.155%	$52K	$562K	20x
Aster WIFUSDT	+0.0100%	4h	0.2580	+0.072%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2568	−0.382%	$79K	$64K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2578	+0.005%	$20.6M	$127.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2576	−0.078%	$17.6M	$42.5M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2575	−0.116%	$6.2M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2577	−0.039%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2579	+0.039%	$23.8M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2578	0.000%	$4.4M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2575	−0.116%	$7.9M	$14.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2570	−0.310%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2575	−0.128%	$79K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2573	−0.192%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2571	−0.267%	$295K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2572	−0.233%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2577	−0.039%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2575	−0.116%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2576	−0.058%	$602	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2577	−0.039%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2577	−0.039%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2577	−0.056%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0116% / S −0.0001%	1h	0.2576	−0.061%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2579	+0.039%	$349K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0357%	1h	0.2577	−0.032%	$674K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0512%	1h	0.2582	+0.167%	$8.6M	$5.2M	5x	as long as short
Deribit WIF_USDC-PERPETUALlong	+0.0526%	1h	0.2578	long leg	$40K	$263K	25x
Reya WIFRUSDPERP	+0.0558%	1h	0.2576	−0.076%	$1	—	15x	as long as short