WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.1% APRnext payment −$0.30 per $10,000 · paid last 24h −0.138%

Price spread now: Backpack against Injective+0.563%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.563% dearer against Injective than usual: you sell high and buy low (spread +0.563% now, against zero (this spread has no 7-day history yet)): +$56 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WIF/USDC PERP	0.2470	0.0033	pay 0.0004% / 1h	30m 43s	$11K	$10K	12x
Short	Backpack WIF_USDC_PERP	0.2484	−0.0205	pay 0.0026% / 1h	30m 43s	$79K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now +0.563%Rate

Funding earned: −$50.02
Price spread: +0.563% → 0.000%: $56.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$3.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 28 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 28 min ago	0.81 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERPshort	−0.0205%	1h	0.2484	+0.563%	$79K	$289K	10x
BloFin WIF-USDT	−0.0182%	4h	0.2488	+0.729%	$1.0M	$827K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2488	+0.711%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2487	+0.688%	$45K	$260K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2488	+0.744%	$804	—	150x	as long as short
Injective WIF/USDC PERPlong	+0.0033%	1h	0.2470	long leg	$11K	$10K	12x
Lighter WIF	+0.0096%	1h	0.2491	+0.850%	$139K	$630K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2487	+0.688%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2489	+0.777%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2490	+0.813%	$78K	$59K	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	0.2490	+0.804%	$18.8M	$118.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2492	+0.891%	$17.0M	$39.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	+0.931%	$6.0M	$36.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2489	+0.769%	$1.2M	$7.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2491	+0.850%	$23.0M	$11.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2490	+0.810%	$4.5M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2492	+0.891%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2490	+0.810%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2485	+0.610%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2462	−0.307%	$279K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	+0.081%	$45K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2487	+0.688%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2483	+0.526%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2487	+0.709%	$580	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2484	+0.567%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2489	+0.763%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	+0.680%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0136% / S −0.0014%	1h	0.2488	+0.711%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0261%	1h	0.2488	+0.744%	$646K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0313%	1h	0.2493	+0.943%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2489	+0.769%	$326K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	+0.692%	$0	—	15x	as long as short