WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0342%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.196%

Price spread now: Backpack against ApeX Omni+0.128%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.400%−$40 on $10k

Price spread, last 3 days (all we have)−0.478%−$48 · spread now +0.128%, 7d avg −0.063%

Together, before fees−0.879%−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.191% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of −0.063%): +$19 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2417	0.0100	pay 0.0013% / 1h	18m 32s	$43K	$618K	25x
Short	Backpack WIF_USDC_PERP	0.2420	−0.0242	pay 0.0030% / 1h	18m 32s	$74K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$71.82
Price spread: +0.128% → −0.063%: $19.14
Slippage, 4 orders: −$40.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$113.11
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; Backpack: live order book, 65 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 ApeX Omni live order book, 64 min ago	10.50 bp	20.2 bp −$20	110.9 bp −$1,109	doesn't fit	doesn't fit
Sell Backpack live order book, 65 min ago	0.21 bp	7.6 bp −$8	doesn't fit	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_PERPshort	−0.0242%	1h	0.2420	+0.128%	$74K	$246K	10x
Deribit WIF_USDC-PERPETUAL	−0.0163%	1h	0.2422	+0.207%	$48K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0042%	4h	0.2421	+0.165%	$4.1M	$11.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2421	+0.152%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2423	+0.230%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.910%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2422	+0.207%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2421	+0.165%	$136K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2421	+0.165%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2425	+0.343%	$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	0.2420	+0.141%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2420	+0.110%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2422	+0.227%	$18.0M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2420	+0.124%	$16.8M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2422	+0.207%	$6.1M	$31.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2421	+0.165%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2424	+0.290%	$22.0M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2422	+0.207%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2421	+0.165%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2413	−0.157%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2416	−0.036%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2417	long leg	$43K	$618K	25x
SunX WIF-USDT	+0.0100%	4h	0.2417	0.000%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2420	+0.145%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2420	+0.124%	$168K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2419	+0.063%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2421	+0.167%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0223% / S −0.1260%	1h	0.2424	+0.278%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2420	+0.124%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2423	+0.248%	$979K	$714K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0373%	1h	0.2423	+0.240%	$633K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2422	+0.194%	$0	—	15x	as long as short