WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Hyperliquid against Popdex+0.164%7-day average +0.036% · 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−$178as in the Price arb table

costs, in and out, $10k−$1911.912% of the position

Long on Popdex Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.609%−$61 · spread now +0.164%, 7d avg +0.036%

Together, before fees−0.612%+ Points / potential airdropHyperliquid: Season 2 · farm board−$61 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: Hyperliquid is 0.128% dearer against Popdex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2379	0.0096	pay 0.0012% / 1h	55m 20s	$53K	$483K	20x
Short	Hyperliquid WIF	0.2383	0.0100	get 0.0013% / 1h	55m 20s	$7.4M	$4.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0.84
Price spread: +0.164% → +0.036%: $12.78
Slippage, 4 orders: −$175.84
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$177.62
Costs to cover: 1.912%
Break-even: 1487.2 days

Slippage from Popdex: live order book, 33 min ago; Hyperliquid: live order book, 7 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, 33 min ago	2.09 bp	91.4 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.21 bp	14.8 bp −$15	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
Backpack WIF_USDC_PERP	−0.0839%	1h	0.2375	−0.160%	$70K	$232K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.673%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0206%	4h	0.2377	−0.084%	$4.6M	$11.0M	75x	as long as short
Gate WIF_USDT	−0.0120%	4h	0.2378	−0.042%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIF	−0.0104%	4h	0.2373	−0.232%	$67K	$51K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2377	−0.077%	$623K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0072%	4h	0.2371	−0.336%	$264K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0017%	4h	0.2379	−0.010%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2377	−0.084%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2377	−0.084%	$48K	$288K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2381	+0.073%	$15K	—	150x	as long as short
SoDEX WIF-USD	+0.0071%	1h	0.2374	−0.189%	$536	$5K	5x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2380	+0.042%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2377	−0.067%	$132K	$540K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2379	long leg	$53K	$483K	20x
Hyperliquid WIFshort	+0.0100%	1h	0.2383	+0.164%	$7.4M	$4.0M	5x
Pacifica WIF	+0.0100%	1h	0.2377	−0.072%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2380	+0.042%	$17.6M	$98.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2381	+0.063%	$16.7M	$34.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2381	+0.084%	$6.1M	$30.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2379	0.000%	$21.4M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2380	+0.042%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2378	−0.042%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2373	−0.252%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2370	−0.378%	$1K	$2.8M	50x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2367	−0.504%	$164K	$716K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2377	−0.096%	$9K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2379	−0.001%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0107% / S −0.0443%	1h	0.2381	+0.095%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2378	−0.042%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2372	−0.294%	$987K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2380	+0.023%	$0	—	15x	as long as short