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 −0.020%

Price spread now: GRVT against SunX−0.174%74s7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as 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−$2032.028% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.283%+$28 · spread now −0.174%, 7d avg +0.095%

Together, before fees+0.253%+ Points / potential airdropGRVT: Active · farm board+$25 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: GRVT is 0.269% cheaper against SunX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.095%. The two prices were read 74 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	0.2423	0.0100	pay 0.0050% / 4h	1h 11m	$1K	$2.8M	50x
Short	GRVT WIF_USDT_Perp	0.2419	0.0100	get 0.0050% / 4h	1h 11m	$276K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → +0.095%: −$26.9
Slippage, 4 orders: −$185.84
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$229.74
Costs to cover: 2.028%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; GRVT: live order book, 2 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	33.04 bp	90.4 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.06 bp	18.4 bp −$18	100.2 bp −$1,002	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	−0.0270%	1h	0.2424	+0.058%	$74K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0162%	1h	0.2428	+0.206%	$48K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0032%	4h	0.2421	−0.083%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2432	+0.351%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2429	+0.228%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.156%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2427	+0.165%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2427	+0.169%	$136K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2427	+0.165%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2428	+0.190%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2424	+0.036%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2430	+0.272%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2423	0.000%	$18.0M	$101.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2421	−0.066%	$16.8M	$35.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2422	−0.041%	$6.1M	$31.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2423	0.000%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2423	0.000%	$22.0M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2423	0.000%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2423	0.000%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.116%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2419	−0.174%	$276K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2421	−0.083%	$43K	$619K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2423	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2427	+0.144%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2427	+0.165%	$168K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2422	−0.041%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2427	+0.164%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0232% / S −0.1319%	1h	0.2428	+0.201%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2429	+0.248%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2430	+0.289%	$979K	$716K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0373%	1h	0.2428	+0.199%	$634K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2426	+0.110%	$0	—	15x	as long as short