WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h −0.143%

Price spread now: Backpack against dYdX+0.046%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.046% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WIF-USD	0.2392	0	get 0.0000% / 1h	41m 23s	$13K	$597	10x
Short	Backpack WIF_USDC_PERP	0.2393	0.0095	get 0.0012% / 1h	41m 23s	$70K	$315K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.046%Rate

Funding earned: $19.91
Price spread: +0.046% → 0.000%: $4.6
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $4.5
Costs to cover: 0.200%
Break-even: 5.4 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 7 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 7 min ago	0.20 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0180%	4h	0.2402	+0.418%	$1.0M	$881K	75x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2392	long leg	$13K	$597	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2394	+0.084%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2390	−0.068%	—	—	150x	as long as short
Backpack WIF_USDC_PERPshort	+0.0095%	1h	0.2393	+0.046%	$70K	$315K	10x
Lighter WIF	+0.0096%	1h	0.2395	+0.130%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2394	+0.084%	$51K	$570K	20x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0096% / S +0.0030%	1h	0.2391	−0.033%	$9K	—	100x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2394	+0.073%	$8.4M	$6.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2395	+0.110%	$33K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2393	+0.030%	$75K	$68K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2393	+0.044%	$18.7M	$136.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2392	+0.013%	$16.5M	$45.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2392	0.000%	$5.5M	$38.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2393	+0.042%	$1.1M	$8.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2391	−0.042%	$21.7M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2392	0.000%	$4.0M	$15.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2393	+0.042%	$7.3M	$15.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2392	0.000%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	+2.052%	$75K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2392	−0.009%	$271K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2407	+0.627%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2395	+0.125%	$4K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2390	−0.084%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	+0.105%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2392	0.000%	$169K	$773K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2393	+0.037%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	+0.042%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2396	+0.152%	$637K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2404	+0.502%	$322K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2392	−0.015%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2393	+0.042%	$10K	$10K	12x	as long as short