Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX+0.170%7-day average +0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1781.778% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.314%−$31 · spread now +0.170%, 7d avg +0.201%

Together, before fees−0.314%−$31 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: BingX is 0.032% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.201%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2359	0.0100	pay 0.0050% / 4h	2h 48m	$1K	$2.8M	50x
Short	BingX WIF-USDT	0.2363	0.0100	get 0.0050% / 4h	2h 48m	—	$65.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → +0.201%: −$3.16
Slippage, 4 orders: −$159.84
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$181.01
Costs to cover: 1.778%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; BingX: live order book, 5 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, 8 min ago	33.81 bp	91.9 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.23 bp	13.7 bp −$14	21.4 bp −$214	79.3 bp −$7,930	418.7 bp −$209.4K

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	−0.0848%	1h	0.2361	+0.089%	$71K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.526%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0204%	4h	0.2361	+0.085%	$4.4M	$11.1M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2363	+0.170%	$46K	$289K	25x	as long as short
Gate WIF_USDT	−0.0136%	4h	0.2361	+0.085%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIF	−0.0098%	4h	0.2365	+0.234%	$67K	$47K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2364	+0.229%	$619K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0058%	4h	0.2364	+0.192%	$271K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0023%	4h	0.2364	+0.204%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2367	+0.339%	$18K	$582	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2364	+0.204%	$14K	—	150x	as long as short
ApeX Omni WIFUSDT	+0.0009%	1h	0.2366	+0.297%	$42K	$617K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2362	+0.127%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2363	+0.174%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2362	+0.127%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2366	+0.280%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2364	+0.213%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2362	+0.138%	$17.5M	$99.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2361	+0.085%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2362	+0.127%	$6.0M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2364	+0.212%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2362	+0.127%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDTshort	+0.0100%	4h	0.2363	+0.170%	—	$65.0M	—
SunX WIF-USDTlong	+0.0100%	4h	0.2359	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2362	+0.148%	$533	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2362	+0.127%	$163K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2362	+0.140%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2362	+0.114%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0114% / S −0.0494%	1h	0.2363	+0.172%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2364	+0.212%	$309K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2364	+0.212%	$975K	$687K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2362	+0.109%	$0	—	15x	as long as short