Funding you earn now, next payment 02:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.188%
Price spread now: Backpack against MEXC−0.044%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days−0.383%−$38 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.044%, 7d avg −0.046%
=The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC WIF_USDT | 0.2472 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $22.2M | $11.1M | 50x |
| Short | Backpack WIF_USDC_PERP | 0.2471 | 0.0064 | get 0.0008% / 1h | 31m 11s | $77K | $271K | 10x |
MEXC WIF_USDT
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.65
- Price spread: −0.044% → −0.046%
- $0.2
- Slippage, 4 orders
- −$19.72
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$41.17
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Backpack: live order book, 37 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 MEXC live order book, 3 min ago | 2.03 bp | 9.0 bp −$9 | 23.5 bp −$235 | 106.3 bp −$10.6K | 145.1 bp −$72.6K |
| Sell Backpack live order book, 37 min ago | 0.41 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
WIF on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −0.0783% | 1h | 0.2470 | −0.081% | $11K | $10K | 12x | as long as short |
| Gate WIF_USDT | −0.0080% | 4h | 0.2471 | −0.040% | $1.2M | $7.4M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0074% | 1h | 0.2474 | +0.082% | $642K | $2.3M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2472 | −0.015% | $19K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2473 | +0.040% | $49K | $276K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2471 | −0.024% | $799 | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0024% | 4h | 0.2471 | −0.040% | $4.5M | $13.0M | 75x | as long as short |
| Backpack WIF_USDC_PERPshort | +0.0064% | 1h | 0.2471 | −0.044% | $77K | $271K | 10x | |
| Lighter WIF | +0.0096% | 1h | 0.2474 | +0.093% | $139K | $624K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2472 | 0.000% | $56K | $497K | 20x | as long as short |
Injective WIF/USDC PERP
Gate WIF_USDT
Kraken Futures PF_WIFUSD
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Lighter WIF
Popdex WIFUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2473 | +0.040% | $5K | $1.3M | 10x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2473 | +0.047% | $35K | $274K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2472 | −0.011% | $77K | $53K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2473 | +0.034% | $18.8M | $112.4M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2472 | 0.000% | $16.9M | $38.1M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2472 | 0.000% | $5.9M | $34.7M | 50x | as long as short |
| MEXC WIF_USDTlong | +0.0100% | 4h | 0.2472 | long leg | $22.2M | $11.1M | 50x | |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2473 | +0.040% | $7.5M | $12.4M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2473 | +0.040% | — | $65.9M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2470 | −0.076% | $75K | $70K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2463 | −0.361% | $279K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2471 | −0.040% | $42K | $629K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2468 | −0.162% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2472 | +0.004% | $567 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2467 | −0.202% | $168K | $724K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2472 | +0.004% | $11K | $155K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2474 | +0.066% | $83K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0174% / S −0.0039% | 1h | 0.2472 | −0.007% | $8K | — | 100x | as long as short |
| Hyperliquid WIF | +0.0212% | 1h | 0.2476 | +0.158% | $8.0M | $4.7M | 5x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0304% | 1h | 0.2474 | +0.081% | $325K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2472 | +0.005% | $0 | — | 15x | as long as short |
Orderly PERP_WIF_USDC
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Hyperliquid WIF
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP