Funding you earn now, next payment 11:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +3.794%
Price spread now: Popdex against GMX+0.032%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Popdex is 0.032% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WIF/USD [WBTC.b-USDC] | 0.2507 | L −0.0119% / S +0.0181% | get 0.0015% / 1h | 30m 31s | $9K | — | 100x |
| Short | Popdex WIFUSDT | 0.2508 | 0.0096 | get 0.0012% / 1h | 30m 31s | $52K | $636K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against GMX. 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
- $45.12
- Price spread: +0.032% → 0.000%
- $3.19
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $29.91
- Costs to cover
- 0.184%
- Break-even
- 2.4 days
Slippage unknown: GMX: no order-book sample; Popdex: live order book, 17 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 Popdex live order book, 17 min ago | 1.97 bp | 91.5 bp −$91 | 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 32 exchanges
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 | −0.0389% | 1h | 0.2559 | +2.066% | $10K | $28K | 12x | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.0149% | 1h | 0.2506 | −0.048% | $33K | $254K | 25x | as long as short |
| BloFin WIF-USDT | −0.0140% | 4h | 0.2507 | −0.008% | $1.1M | $1.1M | 75x | as long as short |
| GMX WIF/USD [WBTC.b-USDC]long | L −0.0119% / S +0.0181% | 1h | 0.2507 | long leg | $9K | — | 100x | |
| Backpack WIF_USDC_PERP | −0.0060% | 1h | 0.2504 | −0.148% | $85K | $367K | 10x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2507 | +0.008% | $13K | $587 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2505 | −0.094% | $4K | — | 150x | as long as short |
| Orderly PERP_WIF_USDC | +0.0096% | 4h | 0.2505 | −0.088% | $5K | $962K | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2510 | +0.116% | $143K | $883K | 10x | as long as short |
| Popdex WIFUSDTshort | +0.0096% | 1h | 0.2508 | +0.032% | $52K | $636K | 20x |
Show all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WIF | +0.0100% | 1h | 0.2519 | +0.471% | $9.9M | $9.5M | 5x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2507 | −0.020% | $32K | $424K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2508 | +0.041% | $78K | $98K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2508 | +0.042% | $20.2M | $174.1M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2516 | +0.355% | $17.3M | $59.0M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2518 | +0.431% | $6.2M | $51.2M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2508 | +0.032% | $1.2M | $12.7M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2519 | +0.471% | $22.4M | $15.1M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2508 | +0.032% | $3.7M | $18.6M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2519 | +0.471% | $7.6M | $19.6M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2508 | +0.032% | — | $27.6M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2505 | −0.091% | $76K | $366K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2508 | +0.032% | $280K | $3.4M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2518 | +0.431% | $36K | $646K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2499 | −0.327% | $1K | $3.2M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2504 | −0.128% | $3K | $6K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2504 | −0.128% | $154K | $1.0M | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2506 | −0.050% | $9K | $261K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2505 | −0.081% | $84K | — | 3x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0552% | 1h | 0.2513 | +0.231% | $341K | $3.9M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2507 | −0.022% | $1 | — | 15x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0573% | 1h | 0.2506 | −0.068% | $628K | $3.1M | 50x | as long as short |
GMX WIF/USD [WBTC.b-USDC]
Popdex WIFUSDT
Injective WIF/USDC PERP
Deribit WIF_USDC-PERPETUAL
BloFin WIF-USDT
Backpack WIF_USDC_PERP
gTrade (Gains Network) WIF/USD
Lighter WIF
Hyperliquid WIF
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD