Settings8H · net · $10k
Funding arb · Price arb /

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against SoDEX+0.183%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.183% dearer against SoDEX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX WIF-USD0.25080.0100pay 0.0013% / 1h15m 45s$570$5K5x
ShortHyperliquid WIF0.25130.0202get 0.0025% / 1h15m 45s$8.0M$4.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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

Funding earned
$21.4
Price spread: +0.183% → 0.000%
$18.34
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$22.74
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Hyperliquid live order book, 7 min ago4.18 bp15.4 bp −$15doesn't fitdoesn't fitdoesn't fit
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0189%1h0.2506−0.092%$77K$255K10xas long as short
Gate WIF_USDT−0.0162%4h0.2509+0.040%$1.3M$7.2M50xas long as short
KuCoin WIFUSDTM−0.0044%4h0.25080.000%$4.5M$12.2M75xas long as short
dYdX WIF-USD0.0000%1h0.2507−0.055%$19K$58910xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2505−0.120%$49K$289K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0001%1h0.2503−0.195%$12K150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2470−1.515%$11K$10K12xas long as short
Kraken Futures PF_WIFUSD+0.0039%1h0.2509+0.047%$658K$2.3M50xas long as short
Lighter WIF+0.0096%1h0.2509+0.032%$149K$595K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2505−0.120%$57K$496K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_WIF_USDC+0.0098%4h0.2504−0.159%$5K$1.3M10xas long as short
Aster WIFUSDT+0.0100%4h0.2508−0.007%$35K$274K10xas long as short
Pacifica WIF+0.0100%1h0.2508+0.019%$78K$51K5xas long as short
Binance WIFUSDT+0.0100%4h0.2508+0.011%$19.3M$108.0M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2511+0.120%$17.3M$37.2M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2510+0.080%$6.0M$34.2M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2509+0.040%$22.6M$11.0M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2511+0.120%$7.7M$12.2M50xas long as short
BingX WIF-USDT+0.0100%4h0.2510+0.080%$65.8Mas long as short
Variational Omni WIF+0.0100%4h0.2503−0.215%$74K$68Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2499−0.359%$279K$1.9M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2502−0.239%$43K$632K25xas long as short
SunX WIF-USDT+0.0100%4h0.2497−0.439%$1K$2.8M50xas long as short
SoDEX WIF-USDlong+0.0100%1h0.2508long leg$570$5K5x
HTX WIF-USDT+0.0100%4h0.2503−0.199%$172K$745K75xas long as short
Extended WIF-USD+0.0104%1h0.2508+0.018%$10K$155K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2505−0.115%$84K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0188% / S −0.0049%1h0.2503−0.208%$8K100xas long as short
Hyperliquid WIFshort+0.0202%1h0.2513+0.183%$8.0M$4.2M5x
Coinbase International WIF-PERP-INTX+0.0288%1h0.2507−0.040%$338K$2.5M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2493−0.598%$1.0M$705K75xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2501−0.294%$115xas long as short