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

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.035%
Price spread now: SoDEX against Injective+2.422%62s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 2.422% dearer against Injective than usual: you sell high and buy low: +$242 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective WIF/USDC PERP0.23950.0033pay 0.0004% / 1h49m 53s$10K$10K12x
ShortSoDEX WIF-USD0.24530.0100get 0.0013% / 1h49m 53s$562$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$14
Price spread: +2.422% → 0.000%
$242.17
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$248.15
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell SoDEX no order-book sample
Injective and SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0423%1h0.2450+2.288%$73K$249K10xas long as short
Deribit WIF_USDC-PERPETUAL−0.0158%1h0.2453+2.422%$48K$289K25xas long as short
dYdX WIF-USD0.0000%1h0.2461+2.738%$18K$58910xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0002%1h0.2456+2.528%$15K150xas long as short
KuCoin WIFUSDTM+0.0016%4h0.2451+2.338%$4.3M$11.4M75xas long as short
Injective WIF/USDC PERPlong+0.0033%1h0.2395long leg$10K$10K12x
ApeX Omni WIFUSDT+0.0083%1h0.2466+2.965%$43K$620K25xas long as short
Orderly PERP_WIF_USDC+0.0090%4h0.2454+2.463%$5K$1.3M10xas long as short
Lighter WIF+0.0096%1h0.2455+2.505%$138K$562K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2458+2.630%$54K$484K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid WIF+0.0100%1h0.2459+2.664%$7.6M$4.0M5xas long as short
Aster WIFUSDT+0.0100%4h0.2453+2.440%$24K$256K10xas long as short
Pacifica WIF+0.0100%1h0.2461+2.748%$78K$49K5xas long as short
Binance WIFUSDT+0.0100%4h0.2454+2.459%$18.3M$102.8M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2453+2.422%$16.9M$35.7M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2452+2.380%$6.1M$32.2M50xas long as short
Gate WIF_USDT+0.0100%4h0.2453+2.422%$1.2M$7.0M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2451+2.338%$22.3M$10.8M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2454+2.463%$7.6M$11.8M50xas long as short
BingX WIF-USDC+0.0100%4h0.2451+2.338%$2.3Mas long as short
Variational Omni WIF+0.0100%4h0.2462+2.806%$73K$68Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2470+3.115%$275K$1.8M10xas long as short
SunX WIF-USDT+0.0100%4h0.2454+2.463%$2K$2.8M50xas long as short
SoDEX WIF-USDshort+0.0100%1h0.2453+2.422%$562$5K5x
HTX WIF-USDT+0.0100%4h0.2455+2.505%$169K$722K75xas long as short
Extended WIF-USD+0.0104%1h0.2451+2.318%$10K$153K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2454+2.469%$82K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0191% / S −0.0138%1h0.2455+2.496%$6K100xas long as short
Coinbase International WIF-PERP-INTX+0.0264%1h0.2463+2.839%$333K$2.4M50xas long as short
Kraken Futures PF_WIFUSD+0.0318%1h0.2456+2.541%$655K$2.2M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2459+2.672%$997K$729K75xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2457+2.575%$015xas long as short