Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%

Price spread now: Gate against Popdex+0.080%7-day average −0.021% · 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−$158as in the Price arb table

costs, in and out, $10k−$1681.677% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.080%, 7d avg −0.021%

Together, before fees−0.044%−$4 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: Gate is 0.102% dearer against Popdex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2495	0.0096	pay 0.0012% / 1h	28m 12s	$57K	$497K	20x
Short	Gate WIF_USDT	0.2497	0.0100	get 0.0050% / 4h	28m 12s	$1.2M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.080%Rate

Funding earned: $0.84
Price spread: +0.080% → −0.021%: $10.16
Slippage, 4 orders: −$146.27
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.67
Costs to cover: 1.677%
Break-even: 1312.6 days

Slippage from Popdex: live order book, 31 min ago; Gate: live order book, 5 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, 31 min ago	6.04 bp	78.3 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.06 bp	28.1 bp −$28	109.3 bp −$1,093	178.2 bp −$17.8K	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
Backpack WIF_USDC_PERP	−0.0185%	1h	0.2495	−0.020%	$77K	$291K	10x	as long as short
BloFin WIF-USDT	−0.0181%	4h	0.2488	−0.281%	$996K	$827K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	−0.139%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2496	+0.048%	$807	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.002%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2498	+0.120%	$140K	$630K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2495	long leg	$57K	$497K	20x
Aster WIFUSDT	+0.0100%	4h	0.2497	+0.090%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2492	−0.124%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2496	+0.040%	$18.8M	$118.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2495	−0.004%	$17.0M	$39.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2495	0.000%	$6.0M	$36.1M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2497	+0.080%	$1.2M	$7.7M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2495	0.000%	$23.0M	$11.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2495	0.000%	$4.6M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2495	0.000%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2496	+0.040%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2485	−0.398%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2488	−0.281%	$282K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	−0.922%	$45K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2495	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	−0.200%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	+0.020%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2494	−0.040%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2494	−0.026%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2495	−0.018%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0135% / S −0.0013%	1h	0.2495	+0.002%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0151%	1h	0.2496	+0.040%	$45K	$260K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2497	+0.068%	$648K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0311%	1h	0.2500	+0.212%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2495	0.000%	$328K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2498	+0.124%	$0	—	15x	as long as short