Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against SunX+0.377%46s7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as 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−$1781.785% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.377%, 7d avg +0.156%

Together, before fees−0.328%−$33 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: Bybit is 0.221% dearer against SunX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.156%. The two prices were read 46 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	0.2438	0.0100	pay 0.0050% / 4h	3h 42m	$1K	$2.8M	50x
Short	Bybit WIFUSDT	0.2447	0.0100	get 0.0050% / 4h	3h 42m	$16.9M	$36.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.377%Rate

Funding earned: $0
Price spread: +0.377% → +0.156%: $22.1
Slippage, 4 orders: −$159.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$156.37
Costs to cover: 1.785%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago	32.80 bp	89.8 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.09 bp	13.3 bp −$13	29.2 bp −$292	177.0 bp −$17.7K	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	−0.0435%	1h	0.2442	+0.180%	$74K	$251K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0159%	1h	0.2445	+0.287%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2446	+0.310%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2446	+0.309%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0008%	4h	0.2444	+0.246%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.764%	$10K	$10K	12x	as long as short
Gate WIF_USDT	+0.0036%	4h	0.2447	+0.369%	$1.2M	$7.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0040%	1h	0.2446	+0.337%	$633K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2446	+0.328%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2446	+0.312%	$146K	$580K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2448	+0.410%	$54K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2446	+0.316%	$24K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	+0.317%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2447	+0.369%	$18.4M	$105.3M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2447	+0.377%	$16.9M	$36.4M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2446	+0.328%	$6.0M	$32.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	+0.369%	$22.0M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2449	+0.451%	$7.6M	$11.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2448	+0.410%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2443	+0.210%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	+0.187%	$270K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2443	+0.205%	$43K	$631K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2438	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2445	+0.287%	$558	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2441	+0.123%	$168K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2447	+0.369%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.311%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0146%	1h	0.2452	+0.591%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2446	+0.333%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2447	+0.369%	$331K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2446	+0.328%	$995K	$738K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2447	+0.374%	$0	—	15x	as long as short