Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: SunX against gTrade (Gains Network)−0.158%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. SunX is 0.158% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2499	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	46m 13s	$4K	—	150x
Short	SunX WIF-USDT	0.2495	0.0100	get 0.0050% / 4h	3h 46m	$1K	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $20.68
Price spread: −0.158% → 0.000%: −$15.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.12
Costs to cover: 0.180%
Break-even: 11.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 12 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 SunX live order book, 12 min ago	33.91 bp	64.5 bp −$65	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
Gate WIF_USDT	−0.0408%	4h	0.2495	−0.158%	$1.4M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0332% / S +0.0307%	1h	0.2499	−0.018%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2508	+0.362%	$1.0M	$1.0M	75x	as long as short
ApeX Omni WIFUSDT	−0.0023%	1h	0.2504	+0.202%	$35K	$653K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2499	−0.015%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2499	+0.002%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2499	long leg	$4K	—	150x
Lighter WIF	+0.0096%	1h	0.2501	+0.086%	$145K	$809K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	+0.002%	$54K	$580K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2499	+0.002%	$6K	$1.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2499	−0.006%	$10.0M	$9.0M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2499	+0.002%	$42K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2500	+0.029%	$77K	$87K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2499	+0.010%	$19.8M	$165.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2499	+0.002%	$17.5M	$55.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2497	−0.078%	$5.8M	$48.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2498	−0.038%	$24.4M	$15.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2498	−0.038%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2497	−0.078%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2497	−0.078%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2497	−0.074%	$84K	$333K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2507	+0.326%	$74K	$364K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2498	−0.057%	$282K	$3.0M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2495	−0.158%	$1K	$3.3M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2499	+0.002%	$578	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2494	−0.198%	$154K	$943K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2498	−0.023%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2501	+0.101%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2504	+0.202%	$335K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.402%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2499	−0.014%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0740%	1h	0.2500	+0.052%	$643K	$3.0M	50x	as long as short