WIF

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexWIFUSDT	0.2414	+0.0100	pay 0.0050% / 4h	1h 07m	$1.7M	$1.8M	50x	Long Phemex
SHORT	InjectiveWIF/USDC PERP	0.2429	+0.1365	get 0.0171% / 1h	7m 11s	$4K	$28K	10x	Short Injective

Price gap+0.621%

Funding gap+0.1265% /8h

Both sides work: funding pays +$38 a day on $10k, and the gap is 0.615% above its 7d average: +$62 more if it goes back.

Funding on this pair cost 0.447% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$45+0.1265% /8h now · paid −0.447% over the last 7D

Price+$62spread +0.621% now, avg +0.006% → +0.615% if it goes back

Costs−$1991.992% of $10k · taker + slippage, in and out

Result−$182−1.82%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.447% in total, about −0.0219%/8h on average.

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Injective price against Phemexnow

RANGE STATS · 7D

Now+0.621%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

WIF on 32 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size53.7 / 49.5 bp
At $10k entering Phemex costs 53.7 bp, fee and slippage, 1.1× Injective’s.
Note: Margin at max leverage$200 + $1,000
Phemex 50x, Injective 10x. 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: +$37.94Long Phemex: 6 payments, −$3.00; short Injective: 24 payments, +$40.94.
OK: Entry gap works for you+0.621% vs +0.006%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$4K vs $1.7M OI
Injective sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · Injective 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−0.0219%/8h × 21 periods−$46.08

Price spread+0.621% → +0.006% (7d avg)+$61.54

Slippage, 4 orderslive order books−$187.21

Fee Phemex bp × 2 orders−$12.00

Fee Injective bp × 2 orders−$0.02

Net · 7 days · $10k−$183.77

Costs to cover1.992%Break-evennever at this rate

Slippage: Phemex: live order book, 1 min ago; Injective: live order book, 57 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex2.0753.7 bp−$54doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTInjective49.4949.5 bp−$49doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

WIF news

posts that mention WIF, from every exchangeSearch all news →

09-23 12:07	Phemex	Listing	🚀 New listing: $WIF Perps (@dogwifcoin) $WIF/USDT futures are now live on Phemex with up to 20x leverage. 🔗 Trade here: @Phemex_official on X ↗
09-23 09:31	Phemex	Listing	new market WIFUSDT ($WIF) seen by our collector
09-22 07:03	ApeX Omni	Other	59 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 ↗

WIF