WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.20 per $10,000 · paid last 24h +0.035%

Price spread now: Coinbase International against Hyperliquid−0.008%49s7-day average +0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$560.561% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.008%, 7d avg +0.093%

Together, before fees+0.499%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.093%). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day). 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	Hyperliquid WIF	0.2431	0.0100	pay 0.0013% / 1h	35m 25s	$7.5M	$4.0M	5x
Short	Coinbase International WIF-PERP-INTX	0.2431	0.0264	get 0.0033% / 1h	35m 25s	$321K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.008%Rate

Funding earned: $34.44
Price spread: −0.008% → +0.093%: −$10.12
Slippage, 4 orders: −$37.09
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.77
Costs to cover: 0.561%
Break-even: 13.5 days

Slippage from Hyperliquid: live order book, 7 min ago; Coinbase International: live order book, 3 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 Hyperliquid live order book, 7 min ago	0.41 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.17 bp	15.2 bp −$15	28.5 bp −$285	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	−0.0404%	1h	0.2425	−0.234%	$72K	$248K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2425	−0.268%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2428	−0.132%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2427	−0.181%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.489%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0050%	4h	0.2425	−0.255%	$4.4M	$11.5M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2425	−0.255%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2426	−0.222%	$135K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2426	−0.214%	$54K	$484K	20x	as long as short
Hyperliquid WIFlong	+0.0100%	1h	0.2431	long leg	$7.5M	$4.0M	5x

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	−0.185%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2424	−0.290%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2426	−0.195%	$18.1M	$103.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2425	−0.255%	$16.7M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2424	−0.296%	$6.0M	$31.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2426	−0.214%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2424	−0.296%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2427	−0.173%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2426	−0.214%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2427	−0.164%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2427	−0.157%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2425	−0.255%	$42K	$623K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2424	−0.296%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2427	−0.165%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2427	−0.173%	$168K	$740K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2425	−0.271%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2427	−0.175%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2427	−0.187%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0264%	1h	0.2431	−0.008%	$321K	$2.4M	50x
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2430	−0.031%	$635K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2427	−0.173%	$991K	$726K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2427	−0.185%	$0	—	15x	as long as short