Funding you earn now, next payment 22:00 UTC−0.0741%/8h= −81.2% APRnext payment −$0.93 per $10,000 · paid last 24h −0.177%
Price spread now: Backpack against gTrade (Gains Network)−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$22 a day on $10k at the current rate, and Backpack is 0.063% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) WIF/USD | 0.2377 | L +0.0002% / S −0.0002% | pay 0.0000% / 1h | 35m 53s | $15K | — | 150x |
| Short | Backpack WIF_USDC_PERP | 0.2376 | −0.0739 | pay 0.0092% / 1h | 35m 53s | $73K | $234K | 10x |
gTrade (Gains Network) WIF/USD
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- −$155.67
- Price spread: −0.063% → 0.000%
- −$6.31
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$181.98
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 52 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 52 min ago | 0.21 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERPshort | −0.0739% | 1h | 0.2376 | −0.063% | $73K | $234K | 10x | |
| Injective WIF/USDC PERP | −0.0321% | 1h | 0.2395 | +0.757% | $10K | $10K | 12x | as long as short |
| KuCoin WIFUSDTM | −0.0202% | 4h | 0.2374 | −0.126% | $4.2M | $11.1M | 75x | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.0170% | 1h | 0.2378 | +0.042% | $47K | $289K | 25x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0076% | 1h | 0.2377 | +0.017% | $625K | $2.1M | 50x | as long as short |
| Variational Omni WIF | −0.0068% | 4h | 0.2371 | −0.273% | $67K | $47K | — | as long as short |
| Gate WIF_USDT | −0.0038% | 4h | 0.2376 | −0.042% | $1.2M | $6.9M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2377 | 0.000% | $18K | $582 | 10x | as long as short |
| gTrade (Gains Network) WIF/USDlong | L +0.0002% / S −0.0002% | 1h | 0.2377 | long leg | $15K | — | 150x | |
| Aster WIFUSDT | +0.0010% | 4h | 0.2376 | −0.023% | $23K | $254K | 10x | as long as short |
Injective WIF/USDC PERP
KuCoin WIFUSDTM
Deribit WIF_USDC-PERPETUAL
Kraken Futures PF_WIFUSD
Variational Omni WIF
Gate WIF_USDT
dYdX WIF-USD
Aster WIFUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT WIF_USDT_Perp | +0.0014% | 4h | 0.2371 | −0.253% | $264K | $1.8M | 10x | as long as short |
| Orderly PERP_WIF_USDC | +0.0090% | 4h | 0.2376 | −0.042% | $4K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2377 | −0.008% | $132K | $540K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2376 | −0.042% | $53K | $482K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2380 | +0.114% | $7.4M | $4.0M | 5x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2377 | −0.004% | $75K | $48K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2376 | −0.042% | $17.6M | $99.1M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2376 | −0.046% | $16.6M | $34.6M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2378 | +0.042% | $6.1M | $30.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2375 | −0.084% | $21.2M | $10.8M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2377 | 0.000% | $7.2M | $11.5M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2377 | 0.000% | — | $65.0M | — | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2371 | −0.252% | $42K | $617K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2371 | −0.252% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2376 | −0.063% | $538 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2374 | −0.126% | $164K | $719K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2375 | −0.074% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2376 | −0.054% | $79K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0130% / S −0.0604% | 1h | 0.2377 | +0.011% | $4K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0272% | 1h | 0.2381 | +0.168% | $311K | $2.3M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2374 | −0.126% | $968K | $689K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2375 | −0.066% | $0 | — | 15x | as long as short |
GRVT WIF_USDT_Perp
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIF
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDT
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
BloFin WIF-USDT
Reya WIFRUSDPERP