Funding you earn now, next payment 03:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.44 per $10,000 · paid last 24h +0.184%
Price spread now: ApeX Omni against Backpack+0.264%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days+0.415%+$41 on $10k
+Price spread, last 4 days (all we have)+0.910%+$91 · spread now +0.264%, 7d avg +0.067%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and ApeX Omni is 0.197% dearer against Backpack than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2460 | −0.0256 | get 0.0032% / 1h | 57m 34s | $80K | $273K | 10x |
| Short | ApeX Omni WIFUSDT | 0.2466 | 0.0100 | get 0.0013% / 1h | 57m 34s | $42K | $629K | 25x |
Backpack WIF_USDC_PERP
ApeX Omni WIFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $74.74
- Price spread: +0.264% → +0.067%
- $19.69
- Slippage, 4 orders
- −$38.62
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $35.81
- Costs to cover
- 0.586%
- Break-even
- 3.6 days
Slippage from Backpack: live order book, 6 min ago; ApeX Omni: 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 Backpack live order book, 6 min ago | 0.20 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 5 min ago | 10.12 bp | 18.1 bp −$18 | 106.4 bp −$1,064 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERPlong | −0.0256% | 1h | 0.2460 | long leg | $80K | $273K | 10x | |
| dYdX WIF-USD | 0.0000% | 1h | 0.2457 | −0.119% | $18K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2463 | +0.142% | $46K | $263K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2464 | +0.200% | $797 | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2470 | +0.427% | $11K | $10K | 12x | as long as short |
| Gate WIF_USDT | +0.0040% | 4h | 0.2456 | −0.142% | $1.2M | $7.4M | 50x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2459 | −0.020% | $139K | $627K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2458 | −0.061% | $56K | $496K | 20x | as long as short |
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2464 | +0.183% | $5K | $1.3M | 10x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2461 | +0.045% | $7.9M | $4.7M | 5x | as long as short |
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Gate WIF_USDT
Lighter WIF
Popdex WIFUSDT
Orderly PERP_WIF_USDC
Hyperliquid WIFShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2460 | +0.016% | $35K | $283K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2458 | −0.065% | $76K | $55K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2459 | −0.033% | $18.7M | $113.3M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2456 | −0.142% | $16.9M | $38.2M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2458 | −0.061% | $5.9M | $34.5M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2457 | −0.102% | $21.8M | $10.8M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2457 | −0.102% | $4.4M | $13.3M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2457 | −0.102% | $7.5M | $12.6M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2457 | −0.102% | — | $65.9M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2470 | +0.430% | $75K | $69K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2465 | +0.238% | $281K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDTshort | +0.0100% | 1h | 0.2466 | +0.264% | $42K | $629K | 25x | |
| SunX WIF-USDT | +0.0100% | 4h | 0.2459 | −0.020% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2464 | +0.167% | $561 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2461 | +0.061% | $166K | $689K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2455 | −0.165% | $8K | $152K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2464 | +0.168% | $82K | $85 | 3x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0138% | 1h | 0.2465 | +0.218% | $641K | $2.3M | 50x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0163% / S −0.0032% | 1h | 0.2465 | +0.242% | $8K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0312% | 1h | 0.2465 | +0.224% | $327K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2457 | −0.087% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Kraken Futures PF_WIFUSD
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP