Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.072%

Price spread now: GMX against SunX+0.192%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.192% dearer against SunX than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2505	0.0100	pay 0.0050% / 4h	3h 13m	$1K	$2.8M	50x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2510	L +0.0188% / S −0.0049%	get 0.0006% / 1h	13m 26s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.192%Rate

Funding earned: −$10.8
Price spread: +0.192% → 0.000%: $19.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.64
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; GMX: 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, 4 min ago	502.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0192%	4h	0.2501	−0.160%	$1.3M	$7.2M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0160%	1h	0.2505	−0.016%	$77K	$256K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0149%	1h	0.2508	+0.120%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0046%	4h	0.2500	−0.200%	$4.5M	$12.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2503	−0.096%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2510	+0.208%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.397%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2510	+0.213%	$658K	$2.2M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2502	−0.120%	$149K	$595K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2502	−0.120%	$57K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2508	+0.120%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2504	−0.029%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2503	−0.092%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2501	−0.154%	$19.2M	$108.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2500	−0.200%	$17.2M	$37.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2500	−0.200%	$6.0M	$34.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2501	−0.160%	$22.8M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2501	−0.160%	$7.6M	$12.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2504	−0.040%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	−0.095%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2511	+0.232%	$285K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2511	+0.240%	$43K	$631K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2505	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2508	+0.136%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2506	+0.040%	$172K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2500	−0.201%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2507	+0.100%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L +0.0188% / S −0.0049%	1h	0.2510	+0.192%	$8K	—	100x
Hyperliquid WIF	+0.0205%	1h	0.2506	+0.028%	$8.0M	$4.2M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2511	+0.240%	$339K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2512	+0.279%	$1.0M	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2499	−0.255%	$0	—	15x	as long as short