Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: KuCoin against SunX+0.272%7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$2032.027% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 4 days (all we have)−0.416%−$42 · spread now +0.272%, 7d avg +0.172%

Together, before fees−0.568%−$57 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: KuCoin is 0.100% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2575	0.0100	pay 0.0050% / 4h	3h 03m	$1K	$3.3M	50x
Short	KuCoin WIFUSDTM	0.2582	0.0100	get 0.0050% / 4h	3h 03m	$3.9M	$18.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.272%Rate

Funding earned: $0
Price spread: +0.272% → +0.172%: $10.03
Slippage, 4 orders: −$182.75
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$192.71
Costs to cover: 2.027%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; KuCoin: 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	32.64 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.84 bp	28.7 bp −$29	82.2 bp −$822	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0141% / S +0.0172%	1h	0.2581	+0.219%	$8K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2605	+1.165%	$1.1M	$1.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2583	+0.295%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2576	+0.052%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2579	+0.155%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2581	+0.245%	$150K	$851K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2578	+0.117%	$51K	$632K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2579	+0.136%	$10.4M	$9.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2582	+0.290%	$32K	$432K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2581	+0.245%	$80K	$94K	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	0.2582	+0.284%	$20.8M	$170.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2580	+0.194%	$17.9M	$58.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2580	+0.194%	$6.4M	$51.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2581	+0.233%	$1.3M	$12.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2580	+0.194%	$23.8M	$15.8M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2582	+0.272%	$3.9M	$18.5M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2581	+0.233%	$7.8M	$19.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2579	+0.155%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2576	+0.039%	$82K	$353K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2598	+0.896%	$79K	$371K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2603	+1.073%	$298K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2607	+1.243%	$36K	$652K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2575	long leg	$1K	$3.3M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2580	+0.175%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2573	−0.078%	$171K	$998K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2578	+0.129%	$9K	$214K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2580	+0.194%	$86K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0138%	1h	0.2579	+0.155%	$34K	$261K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2583	+0.311%	$354K	$4.1M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2602	+1.049%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2578	+0.110%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0717%	1h	0.2581	+0.244%	$666K	$3.0M	50x	as long as short