Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Popdex−0.529%7-day average −0.206% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$2932.926% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.342%+$34 · spread now −0.529%, 7d avg −0.206%

Together, before fees+0.349%+$35 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: SunX is 0.323% cheaper against Popdex than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.206%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2457	0.0096	pay 0.0012% / 1h	38m 27s	$54K	$483K	20x
Short	SunX WIF-USDT	0.2444	0.0100	get 0.0050% / 4h	3h 38m	$1K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.529%Rate

Funding earned: $0.84
Price spread: −0.529% → −0.206%: −$32.29
Slippage, 4 orders: −$278.21
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$324.06
Costs to cover: 2.926%
Break-even: 2707.5 days

Slippage from Popdex: live order book, 35 min ago; SunX: live order book, 9 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, 35 min ago	4.11 bp	78.2 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	32.80 bp	61.9 bp −$62	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	−0.0394%	1h	0.2447	−0.387%	$75K	$252K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2448	−0.366%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0106%	4h	0.2455	−0.081%	$1.2M	$7.0M	50x	as long as short
KuCoin WIFUSDTM	−0.0006%	4h	0.2454	−0.122%	$4.3M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2453	−0.179%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2458	+0.022%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.523%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2449	−0.321%	$633K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2457	0.000%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	−0.195%	$146K	$581K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDTlong	+0.0096%	1h	0.2457	long leg	$54K	$483K	20x
Aster WIFUSDT	+0.0100%	4h	0.2456	−0.033%	$25K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2457	−0.012%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2456	−0.041%	$18.5M	$105.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2456	−0.028%	$16.9M	$36.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2454	−0.122%	$6.0M	$33.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2456	−0.041%	$22.1M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2457	0.000%	$7.6M	$11.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2455	−0.081%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	−0.646%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.564%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2441	−0.651%	$43K	$632K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2444	−0.529%	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2448	−0.370%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2446	−0.448%	$168K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2455	−0.062%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2457	+0.003%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0127%	1h	0.2461	+0.167%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2457	+0.002%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2450	−0.285%	$324K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2449	−0.326%	$998K	$736K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2456	−0.056%	$0	—	15x	as long as short