Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: SunX against GRVT−0.329%74s7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2032.028% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.329%, 7d avg −0.095%

Together, before fees+0.251%+ Points / potential airdropGRVT: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.235% cheaper against GRVT than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.095%. The two prices were read 74 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	GRVT WIF_USDT_Perp	0.2429	0.0100	pay 0.0050% / 4h	1h 10m	$277K	$1.8M	10x
Short	SunX WIF-USDT	0.2421	0.0100	get 0.0050% / 4h	1h 10m	$1K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now −0.329%Rate

Funding earned: $0
Price spread: −0.329% → −0.095%: −$23.45
Slippage, 4 orders: −$185.84
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$226.29
Costs to cover: 2.028%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; SunX: live order book, 7 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 GRVT live order book, 3 min ago	2.06 bp	31.7 bp −$32	49.7 bp −$497	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	33.04 bp	62.3 bp −$62	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	−0.0291%	1h	0.2427	−0.082%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0030%	4h	0.2426	−0.124%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2421	−0.329%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2429	0.000%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2429	−0.019%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.400%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2427	−0.082%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2429	−0.004%	$136K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2422	−0.288%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2431	+0.095%	$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	0.2427	−0.067%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2421	−0.310%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2429	−0.002%	$18.1M	$101.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2429	0.000%	$16.9M	$35.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2431	+0.082%	$6.1M	$31.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2428	−0.041%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2429	0.000%	$22.0M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2428	−0.041%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2424	−0.206%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.363%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2429	long leg	$277K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2429	0.000%	$43K	$618K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2421	−0.329%	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2428	−0.049%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2420	−0.371%	$168K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2427	−0.103%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2428	−0.061%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0234% / S −0.1335%	1h	0.2427	−0.073%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2429	0.000%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2420	−0.371%	$974K	$713K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0372%	1h	0.2430	+0.028%	$635K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2422	−0.302%	$0	—	15x	as long as short