Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: SunX against ApeX Omni−0.364%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1891.885% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.316%+$32 · spread now −0.364%, 7d avg −0.168%

Together, before fees+0.331%+$33 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: SunX is 0.196% cheaper against ApeX Omni than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2473	0.0100	pay 0.0013% / 1h	26m 28s	$43K	$629K	25x
Short	SunX WIF-USDT	0.2464	0.0100	get 0.0050% / 4h	1h 26m	$2K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.364%Rate

Funding earned: $0
Price spread: −0.364% → −0.168%: −$19.63
Slippage, 4 orders: −$170.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$208.17
Costs to cover: 1.885%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; SunX: live order book, 11 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, 36 min ago	10.12 bp	20.1 bp −$20	115.1 bp −$1,151	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	32.49 bp	61.3 bp −$61	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
BloFin WIF-USDT	−0.0189%	4h	0.2467	−0.243%	$1.0M	$825K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2463	−0.404%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2464	−0.364%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2463	−0.389%	$796	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.121%	$11K	$10K	12x	as long as short
Gate WIF_USDT	+0.0074%	4h	0.2464	−0.364%	$1.2M	$7.6M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2466	−0.279%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2466	−0.283%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2463	−0.386%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2465	−0.305%	$76K	$56K	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	0.2466	−0.289%	$18.8M	$114.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2464	−0.364%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2466	−0.283%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2464	−0.364%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2464	−0.364%	$4.4M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2465	−0.323%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2464	−0.364%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2462	−0.457%	$77K	$254K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.122%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2464	−0.381%	$278K	$2.1M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2473	long leg	$43K	$629K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2464	−0.364%	$5K	$1.3M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2464	−0.364%	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2465	−0.344%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2462	−0.445%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2464	−0.350%	$11K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2464	−0.351%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2466	−0.284%	$646K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0154% / S −0.0026%	1h	0.2464	−0.372%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0283%	1h	0.2470	−0.133%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2467	−0.243%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2465	−0.342%	$0	—	15x	as long as short