WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.159%

Price spread now: Backpack against Extended−0.016%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.016%, 7d avg −0.039%

Together, before fees−0.251%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.023% dearer against Extended than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.039%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.393% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2491	0.0104	pay 0.0013% / 1h	3m 49s	$12K	$181K	25x
Short	Backpack WIF_USDC_PERP	0.2490	0.0017	get 0.0002% / 1h	3m 49s	$75K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$18.2
Price spread: −0.016% → −0.039%: $2.33
Slippage, 4 orders: −$36.86
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$67.73
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from Extended: live order book, 37 min ago; Backpack: live order book, 40 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 Extended live order book, 37 min ago	6.10 bp	17.7 bp −$18	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell Backpack live order book, 40 min ago	0.81 bp	7.8 bp −$8	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	0.2462	−1.156%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2497	+0.249%	$982K	$944K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	−0.032%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2492	+0.049%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2493	+0.100%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0015% / S +0.0236%	1h	0.2492	+0.060%	$19K	—	100x	as long as short
Backpack WIF_USDC_PERPshort	+0.0017%	1h	0.2490	−0.016%	$75K	$298K	10x
Lighter WIF	+0.0096%	1h	0.2493	+0.085%	$143K	$703K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.089%	$53K	$572K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2493	+0.077%	$8.7M	$6.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2491	+0.019%	$30K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2491	+0.015%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2491	0.000%	$19.0M	$144.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2490	−0.032%	$16.8M	$47.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2489	−0.072%	$5.6M	$42.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2492	+0.049%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2490	−0.032%	$22.3M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2494	+0.129%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	+0.008%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2492	+0.049%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	+0.453%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2503	+0.509%	$287K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2502	+0.450%	$46K	$634K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2494	+0.129%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2489	−0.072%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2492	+0.041%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2486	−0.192%	$153K	$946K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2491	long leg	$12K	$181K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2492	+0.030%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0342%	1h	0.2493	+0.101%	$647K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2501	+0.410%	$330K	$3.3M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2492	+0.032%	$0	—	15x	as long as short