Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against SunX+0.667%73s7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1971.975% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.510%−$51 · spread now +0.667%, 7d avg +0.162%

Together, before fees−0.525%−$53 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: ApeX Omni is 0.505% dearer against SunX than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of +0.162%. The two prices were read 73 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	SunX WIF-USDT	0.2399	0.0100	pay 0.0050% / 4h	1h 36m	$2K	$2.8M	50x
Short	ApeX Omni WIFUSDT	0.2415	0.0100	get 0.0013% / 1h	36m 07s	$42K	$617K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.667%Rate

Funding earned: $0
Price spread: +0.667% → +0.162%: $50.5
Slippage, 4 orders: −$179.48
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$146.98
Costs to cover: 1.975%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; ApeX Omni: live order book, 47 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 SunX live order book, 11 min ago	33.56 bp	91.2 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	10.50 bp	23.5 bp −$24	117.5 bp −$1,175	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	−0.0252%	1h	0.2398	−0.054%	$76K	$239K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0166%	1h	0.2403	+0.167%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0092%	4h	0.2398	−0.042%	$4.2M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2406	+0.276%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2404	+0.225%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.167%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2403	+0.167%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2401	+0.092%	$135K	$548K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2403	+0.167%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2403	+0.150%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2399	−0.014%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2405	+0.245%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2399	−0.012%	$17.9M	$100.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2399	0.000%	$16.6M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2398	−0.042%	$6.0M	$30.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2400	+0.042%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2400	+0.042%	$21.5M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2400	+0.042%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2399	0.000%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	+0.885%	$70K	$67K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2411	+0.499%	$274K	$1.8M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2415	+0.667%	$42K	$617K	25x
SunX WIF-USDTlong	+0.0100%	4h	0.2399	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2400	+0.042%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2400	+0.042%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2401	+0.088%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2403	+0.150%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0202% / S −0.1115%	1h	0.2403	+0.171%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2402	+0.125%	$314K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2403	+0.167%	$973K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0377%	1h	0.2402	+0.114%	$627K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2401	+0.092%	$0	—	15x	as long as short