Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Orderly against SunX+0.202%7-day average +0.161% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.202%, 7d avg +0.161%

Together, before fees−0.057%−$6 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: Orderly is 0.041% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.161%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2476	0.0100	pay 0.0050% / 4h	2h 29m	$2K	$2.8M	50x
Short	Orderly PERP_WIF_USDC	0.2481	0.0100	get 0.0050% / 4h	2h 29m	$5K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → +0.161%: $4.11
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.89
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Orderly: 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, 8 min ago	501.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.242%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2485	+0.360%	$645K	$2.3M	50x	as long as short
Gate WIF_USDT	−0.0066%	4h	0.2484	+0.323%	$1.2M	$7.4M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.096%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2479	+0.137%	$801	—	150x	as long as short
KuCoin WIFUSDTM	+0.0028%	4h	0.2483	+0.283%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0067%	1h	0.2483	+0.283%	$79K	$273K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2485	+0.347%	$140K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2480	+0.162%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2481	+0.202%	$5K	$1.3M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2483	+0.277%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2477	+0.042%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2486	+0.404%	$18.9M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2483	+0.291%	$17.0M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2484	+0.323%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2486	+0.404%	$22.3M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2485	+0.363%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2485	+0.363%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.238%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2463	−0.522%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	−0.202%	$42K	$629K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2476	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2483	+0.303%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	+0.162%	$169K	$727K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2484	+0.336%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2482	+0.257%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2481	+0.202%	$49K	$276K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0174% / S −0.0039%	1h	0.2480	+0.144%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0227%	1h	0.2487	+0.452%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2479	+0.121%	$325K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2477	+0.035%	$0	—	15x	as long as short