Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against HTX−0.362%7-day average −0.462% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2822.823% of the position

Long on HTX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.362%, 7d avg −0.462%

Together, before fees−0.137%−$14 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: Popdex is 0.100% dearer against HTX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.462%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2486	0.0100	pay 0.0050% / 4h	0m 10s	$154K	$948K	75x
Short	Popdex WIFUSDT	0.2477	0.0096	get 0.0012% / 1h	0m 10s	$53K	$577K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against HTX. 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 HTXbpFee PopdexbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$0.84
Price spread: −0.362% → −0.462%: $9.96
Slippage, 4 orders: −$263.89
Fee HTX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$273.17
Costs to cover: 2.823%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; Popdex: live order book, 39 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 HTX live order book, 38 min ago	5.95 bp	32.9 bp −$33	1963.4 bp −$19.6K	doesn't fit	doesn't fit
Sell Popdex live order book, 39 min ago	3.96 bp	95.5 bp −$96	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0260% / S +0.0292%	1h	0.2477	−0.360%	$19K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2526	+1.609%	$18K	$15K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2433	−2.132%	$993K	$989K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0058%	1h	0.2496	+0.394%	$74K	$321K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2487	+0.027%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2476	−0.384%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	+0.459%	$148K	$800K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2477	−0.362%	$53K	$577K	20x
Hyperliquid WIF	+0.0100%	1h	0.2495	+0.362%	$9.9M	$8.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2494	+0.332%	$33K	$402K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2479	−0.270%	$78K	$77K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2494	+0.332%	$19.7M	$161.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2495	+0.362%	$17.0M	$53.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2496	+0.402%	$5.8M	$46.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2492	+0.241%	$1.5M	$10.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2495	+0.362%	$24.5M	$15.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2476	−0.402%	$4.0M	$17.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2494	+0.322%	$7.5M	$17.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2490	+0.161%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−2.286%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2485	−0.058%	$276K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	+0.121%	$35K	$648K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2489	+0.121%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	+0.161%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2493	+0.274%	$578	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2486	long leg	$154K	$948K	75x
Extended WIF-USD	+0.0104%	1h	0.2489	+0.117%	$10K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2489	+0.107%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2490	+0.161%	$332K	$3.7M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0553%	1h	0.2492	+0.241%	$33K	$274K	25x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2477	−0.355%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0812%	1h	0.2497	+0.443%	$656K	$2.9M	50x	as long as short