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 +0.012%

Price spread now: SunX against Orderly−0.078%7-day average −0.163% · you buy dearer than you sell

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now −0.078%, 7d avg −0.163%

Together, before fees−0.070%−$7 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 0.086% dearer against Orderly than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2577	0.0100	pay 0.0050% / 4h	3h 31m	$5K	$1.2M	10x
Short	SunX WIF-USDT	0.2575	0.0100	get 0.0050% / 4h	3h 31m	$2K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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 OrderlybpFee SunXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.163%: $8.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$5.43
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 7 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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	33.09 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
BloFin WIF-USDT	−0.0195%	4h	0.2576	−0.039%	$1.1M	$917K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2568	−0.367%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2576	−0.029%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.854%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2578	+0.047%	$148K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2574	−0.116%	$52K	$562K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2575	−0.071%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2568	−0.343%	$79K	$64K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2576	−0.039%	$20.5M	$127.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2573	−0.159%	$17.6M	$42.5M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2574	−0.116%	$6.2M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2575	−0.078%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2575	−0.078%	$23.7M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2576	−0.039%	$4.4M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2575	−0.078%	$7.9M	$14.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2567	−0.388%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2575	−0.089%	$79K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2573	−0.153%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2571	−0.228%	$295K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2572	−0.194%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDClong	+0.0100%	4h	0.2577	long leg	$5K	$1.2M	10x
SunX WIF-USDTshort	+0.0100%	4h	0.2575	−0.078%	$2K	$2.9M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2576	−0.019%	$602	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2577	0.000%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2576	−0.049%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2577	−0.017%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0116% / S −0.0001%	1h	0.2576	−0.022%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2579	+0.078%	$349K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0357%	1h	0.2577	+0.007%	$674K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0510%	1h	0.2581	+0.167%	$8.6M	$5.2M	5x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0526%	1h	0.2578	+0.039%	$40K	$263K	25x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2576	−0.037%	$1	—	15x	as long as short