Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: SunX against MEXC−0.198%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1831.828% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.198%, 7d avg −0.165%

Together, before fees+0.089%+$9 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: SunX is 0.032% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2530	0.0100	pay 0.0050% / 4h	39m 53s	$22.6M	$12.4M	50x
Short	SunX WIF-USDT	0.2525	0.0100	get 0.0050% / 4h	39m 53s	$1K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.198%Rate

Funding earned: $0
Price spread: −0.198% → −0.165%: −$3.24
Slippage, 4 orders: −$170.79
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$186.03
Costs to cover: 1.828%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 8 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, 4 min ago	1.97 bp	8.0 bp −$8	22.4 bp −$224	106.3 bp −$10.6K	140.6 bp −$70.3K
Sell SunX live order book, 8 min ago	33.90 bp	70.2 bp −$70	doesn't fit	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.688%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2543	+0.514%	$988K	$965K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0052% / S +0.0250%	1h	0.2528	−0.090%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2531	+0.059%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2530	0.000%	$34K	$273K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2529	−0.026%	$353	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2530	−0.012%	$144K	$705K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2529	−0.040%	$54K	$575K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2531	+0.024%	$8.9M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2529	−0.041%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2532	+0.083%	$79K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2529	−0.041%	$19.2M	$147.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2526	−0.138%	$16.8M	$48.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2527	−0.119%	$5.8M	$43.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2527	−0.119%	$1.2M	$9.3M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2530	long leg	$22.6M	$12.4M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2530	0.000%	$4.3M	$16.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2530	0.000%	$7.7M	$16.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2532	+0.079%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2526	−0.158%	$74K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2532	+0.079%	$75K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2544	+0.560%	$282K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2544	+0.553%	$47K	$637K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2529	−0.040%	$6K	$1.1M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2525	−0.198%	$1K	$3.1M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2528	−0.079%	$575	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2524	−0.237%	$160K	$916K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2529	−0.037%	$12K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2530	−0.017%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2533	+0.119%	$341K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2526	−0.146%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0801%	1h	0.2530	−0.009%	$659K	$2.7M	50x	as long as short