Funding you earn now, next payment 01:00 UTC+0.0519%/8h= +56.9% APRnext payment +$0.65 per $10,000 · paid last 24h +0.129%
Price spread now: GMX against Backpack+0.309%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and GMX is 0.309% dearer against Backpack than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2483 | −0.0381 | get 0.0048% / 1h | 36m 17s | $76K | $252K | 10x |
| Short | GMX WIF/USD [WBTC.b-USDC] | 0.2491 | L +0.0191% / S −0.0138% | get 0.0017% / 1h | 36m 17s | $7K | — | 100x |
Backpack WIF_USDC_PERP
GMX WIF/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $109.05
- Price spread: +0.309% → 0.000%
- $30.89
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $117.94
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 37 min ago; GMX: 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, 37 min ago | 0.21 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 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 | −0.0381% | 1h | 0.2483 | long leg | $76K | $252K | 10x | |
| Gate WIF_USDT | −0.0098% | 4h | 0.2490 | +0.274% | $1.3M | $7.1M | 50x | as long as short |
| KuCoin WIFUSDTM | −0.0010% | 4h | 0.2490 | +0.274% | $4.4M | $12.0M | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2489 | +0.234% | $19K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2491 | +0.314% | $49K | $289K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2491 | +0.296% | $16K | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −3.552% | $10K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0039% | 1h | 0.2491 | +0.301% | $654K | $2.2M | 50x | as long as short |
| Orderly PERP_WIF_USDC | +0.0095% | 4h | 0.2491 | +0.314% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2493 | +0.391% | $143K | $587K | 10x | as long as short |
Gate WIF_USDT
KuCoin WIFUSDTM
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Kraken Futures PF_WIFUSD
Orderly PERP_WIF_USDC
Lighter WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex WIFUSDT | +0.0096% | 1h | 0.2489 | +0.234% | $56K | $483K | 20x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2492 | +0.354% | $25K | $267K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2489 | +0.231% | $77K | $51K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2494 | +0.439% | $18.8M | $106.1M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2494 | +0.435% | $17.2M | $36.7M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2501 | +0.717% | $6.0M | $33.8M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2490 | +0.274% | $22.4M | $10.9M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2490 | +0.274% | $7.7M | $12.0M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2490 | +0.274% | — | $65.8M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2488 | +0.198% | $74K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2450 | −1.336% | $275K | $1.9M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2448 | −1.418% | $43K | $632K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2485 | +0.072% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2489 | +0.234% | $568 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2489 | +0.234% | $171K | $742K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2488 | +0.192% | $11K | $154K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2490 | +0.257% | $83K | $85 | 3x | as long as short |
| Hyperliquid WIF | +0.0146% | 1h | 0.2495 | +0.495% | $7.9M | $4.2M | 5x | as long as short |
| GMX WIF/USD [WBTC.b-USDC]short | L +0.0191% / S −0.0138% | 1h | 0.2491 | +0.309% | $7K | — | 100x | |
| Coinbase International WIF-PERP-INTX | +0.0288% | 1h | 0.2495 | +0.475% | $334K | $2.5M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2474 | −0.370% | $1.0M | $740K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2490 | +0.279% | $0 | — | 15x | as long as short |
Popdex WIFUSDT
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
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
Hyperliquid WIF
Coinbase International WIF-PERP-INTX
BloFin WIF-USDT
Reya WIFRUSDPERP