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: Bitget against SunX+0.126%7-day average +0.233% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$1941.945% of the position

Long on SunX Short on Bitget

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)−0.032%−$3 · spread now +0.126%, 7d avg +0.233%

Together, before fees−0.033%−$3 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: Bitget is 0.107% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.233%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2373	0.0100	pay 0.0050% / 4h	2h 14m	$1K	$2.8M	50x
Short	Bitget WIFUSDT	0.2376	0.0100	get 0.0050% / 4h	2h 14m	$7.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → +0.233%: −$10.7
Slippage, 4 orders: −$174.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$205.17
Costs to cover: 1.945%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago	35.92 bp	94.0 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.11 bp	15.0 bp −$15	23.0 bp −$230	71.8 bp −$7,177	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	−0.0642%	1h	0.2375	+0.093%	$74K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.927%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0186%	4h	0.2374	+0.042%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0171%	1h	0.2377	+0.169%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2378	+0.204%	$629K	$2.1M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2376	+0.120%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2376	+0.135%	$14K	—	150x	as long as short
Variational Omni WIF	+0.0006%	4h	0.2370	−0.110%	$76K	$56K	—	as long as short
Aster WIFUSDT	+0.0045%	4h	0.2375	+0.100%	$23K	$254K	10x	as long as short
GRVT WIF_USDT_Perp	+0.0052%	4h	0.2370	−0.125%	$272K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0070%	4h	0.2376	+0.126%	$1.2M	$6.9M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2376	+0.126%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2377	+0.152%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2375	+0.084%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2380	+0.299%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2377	+0.152%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2376	+0.119%	$17.6M	$99.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2375	+0.067%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2373	0.000%	$6.0M	$30.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2376	+0.126%	$21.2M	$10.8M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2376	+0.126%	$7.2M	$11.5M	50x
BingX WIF-USDT	+0.0100%	4h	0.2374	+0.042%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2374	+0.042%	$42K	$617K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2373	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2377	+0.147%	$541	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2376	+0.126%	$164K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2375	+0.070%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2376	+0.110%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0155% / S −0.0782%	1h	0.2377	+0.153%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2380	+0.295%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2374	+0.042%	$968K	$686K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2376	+0.111%	$0	—	15x	as long as short