Settings8H · net · $10k
Funding arb · Price arb /

WIF

all WIF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%
Price spread now: Extended against Hyperliquid+0.153%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$640.641% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.153%, 7d avg −0.097%
Together, before fees−0.421%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$42 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: Extended is 0.250% dearer against Hyperliquid than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.097%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid WIF0.24010.0100pay 0.0013% / 1h43m 42s$8.5M$6.1M5x
ShortExtended WIF-USD0.24050.0104get 0.0013% / 1h43m 42s$8K$163K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.153% → −0.097%
$25.04
Slippage, 4 orders
−$50.11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$38.23
Costs to cover
0.641%
Break-even
325.6 days
Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago2.02 bp12.1 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago6.13 bp18.7 bp −$1999.3 bp −$993doesn't fitdoesn't fit

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WIF-USDT−0.0184%4h0.2390−0.466%$1.0M$874K75xas long as short
dYdX WIF-USD0.0000%1h0.2403+0.055%$13K$59710xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2395−0.258%$32K$274K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0001%1h0.2392−0.366%150xas long as short
Lighter WIF+0.0096%1h0.2403+0.058%$144K$667K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2406+0.200%$51K$570K20xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0097% / S +0.0029%1h0.2393−0.325%$9K100xas long as short
Hyperliquid WIFlong+0.0100%1h0.2401long leg$8.5M$6.1M5x
Aster WIFUSDT+0.0100%4h0.2401−0.013%$39K$330K10xas long as short
Pacifica WIF+0.0100%1h0.2401+0.006%$75K$68K5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance WIFUSDT+0.0100%4h0.2407+0.242%$18.8M$136.1M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2401−0.021%$16.4M$45.3M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2404+0.117%$5.6M$39.0M50xas long as short
Gate WIF_USDT+0.0100%4h0.2403+0.075%$1.1M$8.7M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2402+0.033%$21.8M$11.9M50xas long as short
KuCoin WIFUSDTM+0.0100%4h0.2399−0.092%$4.0M$15.8M75xas long as short
Bitget WIFUSDT+0.0100%4h0.2408+0.283%$7.3M$15.2M50xas long as short
BingX WIF-USDT+0.0100%4h0.2406+0.200%$27.1Mas long as short
Backpack WIF_USDC_PERP+0.0100%1h0.2395−0.242%$71K$314K10xas long as short
Variational Omni WIF+0.0100%4h0.2441+1.661%$75K$156Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2392−0.393%$271K$2.6M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2452+2.116%$45K$629K25xas long as short
Orderly PERP_WIF_USDC+0.0100%4h0.2393−0.341%$4K$1.2M10xas long as short
SunX WIF-USDT+0.0100%4h0.2391−0.425%$1K$3.0M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2394−0.279%$553$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2393−0.341%$168K$772K75xas long as short
Extended WIF-USDshort+0.0104%1h0.2405+0.153%$8K$163K25x
Aevo WIF-PERP+0.0104%1h0.2394−0.319%$80K$853xas long as short
Kraken Futures PF_WIFUSD+0.0249%1h0.2397−0.188%$626K$2.5M50xas long as short
Coinbase International WIF-PERP-INTX+0.0416%1h0.2393−0.341%$329K$3.0M50xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2390−0.472%$015xas long as short
Injective WIF/USDC PERP+0.0707%1h0.2555+6.405%$11K$10K12xas long as short