Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against SunX+0.221%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2082.076% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.221%, 7d avg +0.158%

Together, before fees−0.217%+ Points / potential airdropExtended: Active · farm board−$22 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: Extended is 0.063% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2360	0.0100	pay 0.0050% / 4h	2h 43m	$1K	$2.8M	50x
Short	Extended WIF-USD	0.2365	0.0104	get 0.0013% / 1h	43m 57s	$10K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.221%Rate

Funding earned: $0.84
Price spread: +0.221% → +0.158%: $6.3
Slippage, 4 orders: −$194.6
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$200.45
Costs to cover: 2.076%
Break-even: 1677.4 days

Slippage from SunX: live order book, 3 min ago; Extended: live order book, 41 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	33.93 bp	95.2 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	10.53 bp	23.1 bp −$23	103.8 bp −$1,038	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	−0.0881%	1h	0.2361	+0.025%	$72K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.483%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0204%	4h	0.2364	+0.169%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2364	+0.169%	$46K	$289K	25x	as long as short
Variational Omni WIF	−0.0093%	4h	0.2361	+0.022%	$67K	$47K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2365	+0.206%	$619K	$2.1M	50x	as long as short
Gate WIF_USDT	−0.0062%	4h	0.2364	+0.169%	$1.2M	$6.9M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0044%	4h	0.2360	0.000%	$263K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0016%	4h	0.2365	+0.197%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2362	+0.085%	$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	+0.158%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2363	+0.127%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2364	+0.148%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2362	+0.085%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2367	+0.292%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2362	+0.081%	$74K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2366	+0.254%	$17.5M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2366	+0.254%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2365	+0.212%	$6.0M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2366	+0.254%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2366	+0.254%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2362	+0.085%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2361	+0.042%	$41K	$618K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2360	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2362	+0.106%	$533	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2361	+0.042%	$163K	$718K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2365	+0.221%	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2363	+0.127%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0120% / S −0.0536%	1h	0.2364	+0.153%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2366	+0.254%	$309K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2360	0.000%	$977K	$687K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2362	+0.102%	$0	—	15x	as long as short