Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.291%7-day average −0.684% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2842.841% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now −0.291%, 7d avg −0.684%

Together, before fees−0.517%−$52 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 0.393% dearer against HTX than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.684%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2407	0.0100	pay 0.0050% / 4h	2h 20m	$155K	$829K	75x
Short	SunX WIF-USDT	0.2400	0.0100	get 0.0050% / 4h	2h 20m	$2K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.291%Rate

Funding earned: $0
Price spread: −0.291% → −0.684%: $39.33
Slippage, 4 orders: −$264.14
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$244.82
Costs to cover: 2.841%
Break-even: never at this rate

Slippage from HTX: live order book, 28 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 HTX live order book, 28 min ago	4.08 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	33.70 bp	62.8 bp −$63	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
BloFin WIF-USDT	−0.0141%	4h	0.2404	−0.125%	$970K	$906K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2404	−0.143%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2403	−0.152%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0024%	1h	0.2401	−0.266%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0088% / S +0.0031%	1h	0.2403	−0.167%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2403	−0.166%	$146K	$670K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2409	+0.083%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2405	−0.087%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2403	−0.151%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2405	−0.095%	$76K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2404	−0.133%	$18.6M	$139.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2404	−0.125%	$16.3M	$46.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2407	0.000%	$5.5M	$39.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2402	−0.208%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2405	−0.083%	$21.6M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2404	−0.125%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2405	−0.083%	$7.3M	$15.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2401	−0.249%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	−0.204%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−1.017%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2390	−0.706%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2403	−0.166%	$5K	$1.1M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2400	−0.291%	$2K	$3.0M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2402	−0.187%	$554	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2407	long leg	$155K	$829K	75x
Extended WIF-USD	+0.0104%	1h	0.2406	−0.049%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2404	−0.142%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0166%	1h	0.2405	−0.083%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0249%	1h	0.2401	−0.230%	$630K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2410	+0.125%	$322K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2404	−0.120%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.249%	$10K	$10K	12x	as long as short