Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.050%

Price spread now: Injective against SunX+0.504%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 Injective

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. Injective is 0.504% dearer against SunX than usual: you sell high and buy low (spread +0.504% now, against zero (this spread has no 7-day history yet)): +$50 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2383	0.0100	pay 0.0050% / 4h	1h 52m	$2K	$2.8M	50x
Short	Injective WIF/USDC PERP	0.2395	0.0033	get 0.0004% / 1h	52m 55s	$10K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.504%Rate

Funding earned: −$14
Price spread: +0.504% → 0.000%: $50.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $28.34
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Injective: 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	33.66 bp	91.5 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2388	+0.210%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0126%	4h	0.2389	+0.252%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2391	+0.336%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2389	+0.244%	$15K	—	150x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2395	+0.504%	$10K	$10K	12x
Backpack WIF_USDC_PERP	+0.0081%	1h	0.2387	+0.155%	$75K	$235K	10x	as long as short
Variational Omni WIF	+0.0086%	4h	0.2384	+0.054%	$68K	$65K	—	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2389	+0.252%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0094%	4h	0.2390	+0.275%	$25K	$255K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2388	+0.214%	$133K	$542K	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	0.2389	+0.252%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2391	+0.319%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2392	+0.358%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2389	+0.252%	$17.7M	$99.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2387	+0.185%	$16.7M	$34.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2388	+0.210%	$6.1M	$30.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2389	+0.252%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2387	+0.168%	$21.4M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2387	+0.168%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2397	+0.587%	—	$2.3M	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.629%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2399	+0.671%	$42K	$618K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2383	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2388	+0.206%	$547	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2388	+0.210%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2387	+0.173%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2387	+0.189%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0181% / S −0.0970%	1h	0.2389	+0.256%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2391	+0.336%	$314K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2388	+0.210%	$965K	$701K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0379%	1h	0.2390	+0.278%	$628K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2387	+0.182%	$0	—	15x	as long as short