Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.050%

Price spread now: Kraken Futures against SunX+0.243%7-day average +0.238% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2032.032% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.243%, 7d avg +0.238%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.238%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2378	0.0100	pay 0.0050% / 4h	2h 23m	$2K	$2.8M	50x
Short	Kraken Futures PF_WIFUSD	0.2384	−0.0076	pay 0.0010% / 1h	23m 06s	$629K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.243%Rate

Funding earned: −$37.01
Price spread: +0.243% → +0.238%: $0.42
Slippage, 4 orders: −$185.24
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$239.84
Costs to cover: 2.032%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Kraken Futures: live order book, 5 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, 4 min ago	33.74 bp	91.7 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.33 bp	23.5 bp −$23	50.9 bp −$509	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	−0.0643%	1h	0.2379	+0.055%	$74K	$235K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0589%	1h	0.2382	+0.168%	$47K	$289K	25x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.715%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0194%	4h	0.2380	+0.084%	$4.2M	$11.2M	75x	as long as short
Kraken Futures PF_WIFUSDshort	−0.0076%	1h	0.2384	+0.243%	$629K	$2.1M	50x
Variational Omni WIF	−0.0011%	4h	0.2382	+0.165%	$67K	$47K	—	as long as short
dYdX WIF-USD	0.0000%	1h	0.2385	+0.292%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2383	+0.198%	$15K	—	150x	as long as short
Aster WIFUSDT	+0.0034%	4h	0.2383	+0.208%	$23K	$254K	10x	as long as short
Gate WIF_USDT	+0.0042%	4h	0.2382	+0.168%	$1.2M	$6.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0044%	4h	0.2372	−0.252%	$273K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2382	+0.168%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2382	+0.168%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2382	+0.168%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2384	+0.244%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2383	+0.220%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2381	+0.113%	$17.6M	$99.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2381	+0.135%	$16.7M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2379	+0.042%	$6.0M	$30.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2381	+0.126%	$21.3M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2381	+0.126%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2383	+0.210%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2371	−0.294%	$42K	$618K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2378	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2381	+0.139%	$542	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2381	+0.126%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2381	+0.113%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2382	+0.147%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0145% / S −0.0715%	1h	0.2381	+0.139%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2385	+0.294%	$311K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2383	+0.210%	$975K	$690K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2381	+0.143%	$0	—	15x	as long as short