Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Popdex+0.327%7-day average +0.476% · 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−$267as in the Price arb table

costs, in and out, $10k−$2522.518% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.327%, 7d avg +0.476%

Together, before fees+0.192%+$19 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: HTX is 0.149% cheaper against Popdex than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.476%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2446	0.0096	pay 0.0012% / 1h	56m 31s	$52K	$570K	20x
Short	HTX WIF-USDT	0.2454	0.0100	get 0.0050% / 4h	1h 56m	$149K	$882K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.327%Rate

Funding earned: $0.84
Price spread: +0.327% → +0.476%: −$14.88
Slippage, 4 orders: −$233.45
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$265.88
Costs to cover: 2.518%
Break-even: 2222.7 days

Slippage from Popdex: live order book, 52 min ago; HTX: live order book, 52 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, 52 min ago	4.08 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	4.08 bp	93.9 bp −$94	doesn't fit	doesn't fit	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	+0.327%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2453	+0.286%	$975K	$925K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	+0.021%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2451	+0.204%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2452	+0.256%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0071% / S +0.0252%	1h	0.2452	+0.264%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2449	+0.110%	$142K	$678K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2446	long leg	$52K	$570K	20x
Hyperliquid WIF	+0.0100%	1h	0.2448	+0.086%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2448	+0.079%	$31K	$349K	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	0.2446	+0.016%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2446	+0.004%	$18.5M	$142.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2445	−0.020%	$16.5M	$47.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2444	−0.082%	$5.5M	$41.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2445	−0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2446	0.000%	$22.4M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2446	0.000%	$4.1M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2444	−0.082%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2446	0.000%	—	$27.2M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2448	+0.065%	$73K	$294K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	+0.084%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	+0.125%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	+0.123%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2451	+0.204%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2447	+0.041%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2451	+0.204%	$564	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2454	+0.327%	$149K	$882K	75x
Extended WIF-USD	+0.0104%	1h	0.2446	−0.005%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2451	+0.215%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0348%	1h	0.2453	+0.279%	$634K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2450	+0.164%	$354K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	−0.037%	$0	—	15x	as long as short