WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0192%/8h= −21.1% APRnext payment −$0.24 per $10,000 · paid last 24h +3.693%

Price spread now: Backpack against GMX−0.478%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

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 −$6 a day on $10k at the current rate, and Backpack is 0.478% cheaper against GMX than usual: you would sell low and buy high (−$48 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	GMX WIF/USD [WBTC.b-USDC]	0.2474	L +0.0167% / S −0.0034%	pay 0.0021% / 1h	8m 25s	$8K	—	100x
Short	Backpack WIF_USDC_PERP	0.2462	−0.0026	pay 0.0003% / 1h	8m 25s	$80K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now −0.478%Rate

Funding earned: −$40.42
Price spread: −0.478% → 0.000%: −$47.78
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$110.2
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 60 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 60 min ago	0.41 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

GMX: 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 31 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	−0.0783%	1h	0.2470	−0.158%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2466	−0.318%	$641K	$2.3M	50x	as long as short
Backpack WIF_USDC_PERPshort	−0.0026%	1h	0.2462	−0.478%	$80K	$273K	10x
Gate WIF_USDT	−0.0008%	4h	0.2472	−0.078%	$1.2M	$7.5M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2466	−0.340%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2474	+0.019%	$800	—	150x	as long as short
KuCoin WIFUSDTM	+0.0086%	4h	0.2471	−0.118%	$4.5M	$13.2M	75x	as long as short
Lighter WIF	+0.0096%	1h	0.2468	−0.255%	$139K	$626K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2470	−0.158%	$57K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2476	+0.084%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2469	−0.218%	$35K	$278K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2467	−0.274%	$76K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2473	−0.018%	$18.9M	$113.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2472	−0.057%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2475	+0.044%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2472	−0.078%	$22.0M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2474	+0.003%	$7.5M	$12.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2472	−0.078%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	−0.115%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−0.046%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	−0.078%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2469	−0.199%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2475	+0.023%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2464	−0.401%	$166K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2465	−0.345%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2476	+0.084%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2476	+0.084%	$49K	$266K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]long	L +0.0167% / S −0.0034%	1h	0.2474	long leg	$8K	—	100x
Hyperliquid WIF	+0.0213%	1h	0.2473	−0.021%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2463	−0.441%	$327K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2469	−0.216%	$0	—	15x	as long as short