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 −0.051%

Price spread now: Variational Omni against Popdex−0.281%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.281% cheaper against Popdex than usual: you would sell low and buy high, −$28 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2448	0.0096	pay 0.0012% / 1h	39m 50s	$54K	$483K	20x
Short	Variational Omni WIF	0.2441	0.0100	get 0.0050% / 4h	3h 39m	$72K	$68K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.281%Rate

Funding earned: $0.84
Price spread: −0.281% → 0.000%: −$28.1
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.66
Costs to cover: 0.064%
Break-even: 287.5 days

Slippage unknown: Popdex: live order book, 34 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 34 min ago	4.11 bp	78.2 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0389%	1h	0.2452	+0.155%	$75K	$252K	10x	as long as short
Gate WIF_USDT	−0.0018%	4h	0.2450	+0.082%	$1.2M	$7.0M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2445	−0.139%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2456	+0.327%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2457	+0.348%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0004%	4h	0.2450	+0.082%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.165%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2456	+0.318%	$635K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2456	+0.327%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2455	+0.282%	$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	0.2448	long leg	$54K	$483K	20x
Aster WIFUSDT	+0.0100%	4h	0.2452	+0.143%	$24K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2445	−0.138%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2451	+0.129%	$18.4M	$105.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2450	+0.082%	$16.9M	$36.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2448	0.000%	$6.0M	$32.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2451	+0.123%	$22.1M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2452	+0.163%	$7.6M	$11.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2450	+0.082%	—	$2.3M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2441	−0.281%	$72K	$68K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.198%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2443	−0.204%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2450	+0.082%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2454	+0.225%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2444	−0.163%	$168K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2449	+0.041%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2455	+0.280%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0141%	1h	0.2454	+0.257%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2456	+0.335%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2458	+0.408%	$326K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2436	−0.490%	$991K	$733K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2451	+0.138%	$0	—	15x	as long as short