Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against SunX+0.137%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.137% dearer against SunX than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2483	0.0100	pay 0.0050% / 4h	3h 57m	$1K	$3.2M	50x
Short	gTrade (Gains Network) WIF/USD	0.2486	L +0.0002% / S −0.0001%	get 0.0000% / 1h	57m 54s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.137%Rate

Funding earned: −$20.8
Price spread: +0.137% → 0.000%: $13.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$25.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 10 min ago	32.84 bp	89.9 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate WIF_USDT	−0.0864%	4h	0.2497	+0.564%	$1.5M	$10.8M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0269% / S +0.0294%	1h	0.2486	+0.140%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2484	+0.040%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	+0.267%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2486	+0.137%	$4K	—	150x
Lighter WIF	+0.0096%	1h	0.2488	+0.185%	$145K	$805K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.403%	$53K	$578K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2501	+0.717%	$9.9M	$8.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2498	+0.624%	$33K	$405K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2489	+0.256%	$77K	$84K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2499	+0.648%	$19.7M	$162.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2500	+0.677%	$17.1M	$54.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2500	+0.685%	$5.8M	$47.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2500	+0.685%	$24.3M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2499	+0.644%	$3.9M	$17.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2502	+0.765%	$7.6M	$17.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2501	+0.725%	—	$27.4M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2493	+0.419%	$73K	$323K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−2.168%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−1.481%	$272K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	+0.242%	$35K	$648K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2487	+0.161%	$6K	$1.0M	10x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2483	long leg	$1K	$3.2M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2485	+0.072%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2477	−0.242%	$154K	$946K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2499	+0.639%	$10K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2485	+0.060%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2486	+0.121%	$328K	$3.7M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2480	−0.121%	$10K	$27K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2482	−0.044%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0744%	1h	0.2486	+0.116%	$649K	$2.9M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.1360%	1h	0.2488	+0.201%	$33K	$274K	25x	as long as short