Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.010%

Price spread now: Popdex against Gate+0.042%7-day average +0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1831.826% of the position

Long on Gate Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.042%, 7d avg +0.024%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2401	0.0100	pay 0.0050% / 4h	1h 43m	$1.2M	$6.9M	50x
Short	Popdex WIFUSDT	0.2402	0.0096	get 0.0012% / 1h	43m 29s	$53K	$483K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Gate. 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 GatebpFee PopdexbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$0.84
Price spread: +0.042% → +0.024%: $1.74
Slippage, 4 orders: −$161.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$181.7
Costs to cover: 1.826%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Popdex: 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 Gate live order book, 5 min ago	4.18 bp	18.7 bp −$19	37.8 bp −$378	64.1 bp −$6,408	doesn't fit
Sell Popdex live order book, 40 min ago	2.10 bp	68.7 bp −$69	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
Backpack WIF_USDC_PERP	−0.0212%	1h	0.2401	+0.012%	$75K	$235K	10x	as long as short
KuCoin WIFUSDTM	−0.0090%	4h	0.2400	−0.042%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2402	+0.042%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2403	+0.083%	$47K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2400	−0.046%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.250%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2399	−0.083%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2403	+0.083%	$134K	$547K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2402	+0.042%	$53K	$483K	20x
Hyperliquid WIF	+0.0100%	1h	0.2404	+0.137%	$7.5M	$4.0M	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	0.2402	+0.022%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2403	+0.070%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2399	−0.095%	$17.7M	$99.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2399	−0.083%	$16.7M	$34.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2399	−0.083%	$6.1M	$30.7M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2401	long leg	$1.2M	$6.9M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2401	0.000%	$21.5M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2402	+0.042%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2400	−0.042%	—	$65.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2387	−0.572%	$68K	$65K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2399	−0.084%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2398	−0.125%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2398	−0.125%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2402	+0.021%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2396	−0.208%	$166K	$717K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2401	−0.016%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2401	+0.003%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0194% / S −0.1054%	1h	0.2399	−0.064%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2405	+0.167%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2397	−0.167%	$971K	$703K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2404	+0.116%	$631K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2401	−0.008%	$0	—	15x	as long as short