Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h +0.018%

Price spread now: BloFin against Popdex+0.209%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1481.477% of the position

Long on Popdex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.193%+$19 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.209%, 7d avg −0.035%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.244% dearer against Popdex than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of −0.035%): +$24 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 4 days funding on this pair paid +0.193%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2398	0.0096	pay 0.0012% / 1h	35m 48s	$51K	$570K	20x
Short	BloFin WIF-USDT	0.2403	−0.0140	pay 0.0070% / 4h	2h 35m	$1.0M	$897K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Popdex. 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 PopdexbpFee BloFinbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$49.56
Price spread: +0.209% → −0.035%: $24.38
Slippage, 4 orders: −$129.26
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$172.84
Costs to cover: 1.477%
Break-even: never at this rate

Slippage from Popdex: live order book, 13 min ago; BloFin: live order book, 1 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 Popdex live order book, 13 min ago	4.08 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	4.17 bp	15.4 bp −$15	31.0 bp −$310	74.6 bp −$7,463	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
BloFin WIF-USDTshort	−0.0140%	4h	0.2403	+0.209%	$1.0M	$897K	75x
Backpack WIF_USDC_PERP	−0.0001%	1h	0.2394	−0.150%	$72K	$316K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2398	−0.016%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2396	−0.083%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2395	−0.106%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0094% / S +0.0031%	1h	0.2395	−0.122%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2402	+0.188%	$144K	$667K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2398	long leg	$51K	$570K	20x
Hyperliquid WIF	+0.0100%	1h	0.2403	+0.209%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2400	+0.085%	$29K	$330K	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	0.2399	+0.033%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2401	+0.109%	$18.7M	$137.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2401	+0.108%	$16.4M	$45.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2400	+0.083%	$5.5M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2400	+0.083%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2401	+0.125%	$21.9M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2400	+0.083%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2401	+0.125%	$7.3M	$15.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2399	+0.042%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	−0.203%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2390	−0.336%	$271K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2385	−0.542%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2395	−0.125%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2391	−0.292%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	−0.188%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	−0.167%	$169K	$778K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2398	−0.005%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	−0.226%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2395	−0.122%	$632K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2398	0.000%	$323K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2394	−0.161%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	0.000%	$10K	$10K	12x	as long as short