Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.112%
Price spread now: dYdX against Backpack−0.112%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.112% cheaper against Backpack than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2535 | 0.0100 | pay 0.0013% / 1h | 57m 15s | $91K | $359K | 10x |
| Short | dYdX WIF-USD | 0.2532 | 0 | get 0.0000% / 1h | 57m 15s | $13K | $587 | 10x |
Backpack WIF_USDC_PERP
dYdX WIF-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.112% → 0.000%
- −$11.18
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$52.18
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 54 min ago; dYdX: 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 Backpack live order book, 54 min ago | 0.58 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 32 exchanges
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 | −0.0389% | 1h | 0.2559 | +0.939% | $10K | $28K | 12x | as long as short |
| BloFin WIF-USDT | −0.0140% | 4h | 0.2533 | −0.087% | $1.1M | $1.1M | 75x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L −0.0117% / S +0.0179% | 1h | 0.2534 | −0.051% | $9K | — | 100x | as long as short |
| dYdX WIF-USDshort | 0.0000% | 1h | 0.2532 | −0.112% | $13K | $587 | 10x | |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2535 | −0.006% | $4K | — | 150x | as long as short |
| Orderly PERP_WIF_USDC | +0.0095% | 4h | 0.2534 | −0.047% | $5K | $1.0M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2536 | +0.036% | $140K | $878K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2533 | −0.087% | $54K | $634K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2536 | +0.016% | $10.0M | $9.5M | 5x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2534 | −0.059% | $32K | $417K | 10x | as long as short |
Injective WIF/USDC PERP
BloFin WIF-USDT
GMX WIF/USD [WBTC.b-USDC]
gTrade (Gains Network) WIF/USD
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIF
Aster WIFUSDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WIF | +0.0100% | 1h | 0.2535 | −0.019% | $78K | $97K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2533 | −0.075% | $20.4M | $172.6M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2532 | −0.134% | $17.5M | $58.3M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2535 | −0.008% | $6.2M | $51.6M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2535 | −0.008% | $1.2M | $12.6M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2532 | −0.126% | $22.6M | $15.0M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2533 | −0.087% | $3.8M | $18.5M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2533 | −0.087% | $7.6M | $19.4M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2535 | −0.008% | — | $27.6M | — | as long as short |
| Backpack WIF_USDC_PERPlong | +0.0100% | 1h | 0.2535 | long leg | $91K | $359K | 10x | |
| Variational Omni WIF | +0.0100% | 4h | 0.2535 | −0.012% | $78K | $366K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2535 | −0.004% | $284K | $3.3M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2537 | +0.071% | $36K | $646K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2531 | −0.166% | $1K | $3.2M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2534 | −0.067% | $3K | $6K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2533 | −0.087% | $157K | $1.0M | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2533 | −0.080% | $9K | $263K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2534 | −0.054% | $85K | — | 3x | as long as short |
| Deribit WIF_USDC-PERPETUAL | +0.0145% | 1h | 0.2535 | −0.008% | $34K | $255K | 25x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0552% | 1h | 0.2543 | +0.308% | $346K | $4.0M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2534 | −0.062% | $1 | — | 15x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0566% | 1h | 0.2534 | −0.036% | $651K | $3.0M | 50x | as long as short |
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Deribit WIF_USDC-PERPETUAL
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP
Kraken Futures PF_WIFUSD