Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2472+0.0100pay 0.0050% / 4h16m 03s$1.7M$2.4M50xLong Phemex
SHORT0.2474+0.0100get 0.0013% / 1h16m 03s$7.3M$2.1M5xShort Hyperliquid4% off
Price gap+0.077%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.072% under its 7d average: the price leg works against you, −$7 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$290.0000% /8h now · paid +0.286% over the last 7D
Price−$7spread +0.077% now, avg +0.149% → −0.072% if it goes back
Costs−$1061.056% of $10k · taker + slippage, in and out
Result−$84−0.84%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.077%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

WIF on 33 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size46.4 / 9.6 bp
    At $10k entering Phemex costs 46.4 bp, fee and slippage, 4.8× Hyperliquid’s.
  • Note: Margin at max leverage$200 + $2,000
    Phemex 50x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: $0.00Long Phemex: 6 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
  • Watch: Gap narrower than usual+0.077% vs +0.149%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Long leg is thinner$1.7M vs $7.3M OI
    Both legs are deep; Phemex is the smaller one.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCPhemex Yes · Hyperliquid No
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0136%/8h × 21 periods+$28.60
Price spread+0.077% → +0.149% (7d avg)−$7.20
Slippage, 4 orderslive order books−$84.59
Fee Phemex bp × 2 orders−$12.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$84.19
Costs to cover1.056%Break-even27.6 days
Slippage: Phemex: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex4.0546.4 bp−$46169.7 bp−$1,697doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid1.019.6 bp−$1019.2 bp−$192250.5 bp−$25.0Kdoesn’t fit

Closing costs about the same again.

Alert

WIF news

posts that mention WIF, from every exchangeSearch all news →
09-30 01:05ReyaListingWIFRUSDPERP no longer reported ($WIF) seen by our collector
09-23 12:07PhemexListing🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗
09-23 09:31PhemexListingnew market WIFUSDT ($WIF) seen by our collector
09-22 07:03ApeX OmniOther59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗