WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.3% APRnext payment +$1.34 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against Gate−0.359%7-day average −0.183% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2072.065% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.359%, 7d avg −0.183%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.176% cheaper against Gate than usual: you would sell low and buy high (spread −0.359% now, against its 7-day average of −0.183%). If the spread goes back, that is −$18 on $10k: about 2.2 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.102% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2506	−0.0168	get 0.0084% / 4h	3h 15m	$1.3M	$7.2M	50x
Short	SunX WIF-USDT	0.2497	0.0100	get 0.0050% / 4h	3h 15m	$1K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.359%Rate

Funding earned: $56.28
Price spread: −0.359% → −0.183%: −$17.59
Slippage, 4 orders: −$183.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$167.82
Costs to cover: 2.065%
Break-even: 27.9 days

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 11 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, 2 min ago	4.01 bp	22.1 bp −$22	44.0 bp −$440	68.7 bp −$6,870	doesn't fit
Sell SunX live order book, 11 min ago	34.16 bp	65.0 bp −$65	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	−0.0189%	1h	0.2506	−0.012%	$77K	$255K	10x	as long as short
Gate WIF_USDTlong	−0.0168%	4h	0.2506	long leg	$1.3M	$7.2M	50x
KuCoin WIFUSDTM	−0.0046%	4h	0.2506	0.000%	$4.5M	$12.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2498	−0.335%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2505	−0.040%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2503	−0.116%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.437%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2509	+0.127%	$658K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2507	+0.056%	$149K	$595K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2505	−0.040%	$57K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2504	−0.080%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2506	+0.018%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2502	−0.155%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2509	+0.120%	$19.3M	$108.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2506	+0.008%	$17.3M	$37.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2505	−0.040%	$6.0M	$34.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2506	0.000%	$22.6M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2508	+0.080%	$7.7M	$12.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2506	0.000%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	−0.135%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2499	−0.279%	$279K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2502	−0.160%	$43K	$632K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2497	−0.359%	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2508	+0.080%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2503	−0.120%	$172K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2507	+0.058%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2505	−0.035%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0188% / S −0.0049%	1h	0.2503	−0.128%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0202%	1h	0.2513	+0.263%	$8.0M	$4.2M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2507	+0.040%	$338K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2493	−0.519%	$1.0M	$705K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2501	−0.215%	$1	—	15x	as long as short