Funding you earn now, next payment 00:00 UTC−0.0960%/8h= −105.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.341%
Price spread now: Backpack against Reya−0.130%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Backpack is 0.130% cheaper against Reya than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya WIFRUSDPERP | 0.2439 | 0.0558 | pay 0.0070% / 1h | 6m 31s | $0 | — | 15x |
| Short | Backpack WIF_USDC_PERP | 0.2435 | −0.0402 | pay 0.0050% / 1h | 6m 31s | $75K | $250K | 10x |
Reya WIFRUSDPERP
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$201.54
- Price spread: −0.130% → 0.000%
- −$12.95
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$230.5
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 7 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 7 min ago | 0.21 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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_PERPshort | −0.0402% | 1h | 0.2435 | −0.130% | $75K | $250K | 10x | |
| Deribit WIF_USDC-PERPETUAL | −0.0160% | 1h | 0.2437 | −0.068% | $48K | $289K | 25x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2439 | +0.001% | $18K | $589 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2438 | −0.045% | $16K | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0016% | 4h | 0.2436 | −0.109% | $4.3M | $11.7M | 75x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −1.790% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDC | +0.0095% | 4h | 0.2437 | −0.068% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2440 | +0.055% | $137K | $571K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2440 | +0.055% | $54K | $484K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2443 | +0.166% | $7.6M | $4.1M | 5x | as long as short |
Deribit WIF_USDC-PERPETUAL
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Injective WIF/USDC PERP
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2439 | +0.022% | $24K | $256K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2439 | +0.020% | $75K | $51K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2439 | +0.027% | $18.3M | $104.2M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2438 | −0.027% | $16.8M | $36.1M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2438 | −0.027% | $6.0M | $32.3M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2437 | −0.068% | $1.2M | $7.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2439 | +0.014% | $22.1M | $10.8M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2440 | +0.055% | $7.5M | $11.8M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2436 | −0.109% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2425 | −0.554% | $72K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2435 | −0.139% | $276K | $1.8M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2432 | −0.273% | $43K | $627K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2432 | −0.273% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2435 | −0.150% | $558 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2433 | −0.232% | $168K | $746K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2438 | −0.047% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2436 | −0.109% | $81K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0191% / S −0.0138% | 1h | 0.2437 | −0.049% | $6K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2435 | −0.150% | $320K | $2.4M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0320% | 1h | 0.2437 | −0.056% | $632K | $2.2M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2436 | −0.109% | $985K | $732K | 75x | as long as short |
| Reya WIFRUSDPERPlong | +0.0558% | 1h | 0.2439 | long leg | $0 | — | 15x |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
BloFin WIF-USDT