data as of
Settings8H · net · $10k
Funding arb /

WIF

all WIF markets
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Funding spread now, next payment 15:00 UTC+0.0796%/8h
next payment, per $10,000+$1.00paid, last 24h+0.202%paid, last 7 days+0.334%to open and close $10k−$51
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack WIF_USDC_PERP0.2386−0.0696get 0.0087% / 1h8m 44s$83K$187K10x
ShortHyperliquid WIF0.23960.0100get 0.0013% / 1h8m 44s$6.9M$3.1M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$167.2
Slippage, 4 orders
−$32.32
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$115.88
Break-even
2.1 days
Slippage from Backpack: live order book, 62 min ago; Hyperliquid: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.419%
Avg gap 7d
+0.128%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 62 min ago0.88 bp8.3 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.21 bp10.3 bp −$10doesn't fitdoesn't fitdoesn't fit

WIF on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX WIF/USD [WBTC.b-USDC]L −32.7276% / S +0.0854%1h$6K100xas long as short
Backpack WIF_USDC_PERPlong−0.0696%1h$83K$187K10x
Injective WIF/USDC PERP−0.0468%1h$11K$97K12xas long as short
Kraken Futures PF_WIFUSD−0.0380%1h$616K$1.0M50xas long as short
Variational Omni WIF−0.0347%4h$67K$47Kas long as short
Bybit WIFUSDT−0.0128%4h$16.8M$24.1M50xas long as short
Aster WIFUSDT−0.0106%4h$17K$94K10xas long as short
SoDEX WIF-USD−0.0059%1h$535$5K5xas long as short
ApeX Omni WIFUSDT−0.0040%1h$50K$586K25xas long as short
Binance WIFUSDT−0.0033%4h$17.6M$52.7M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended WIF-USD−0.0032%1h$12K$150K25xas long as short
MEXC WIF_USDT−0.0032%4h$22.7M$7.4M50xas long as short
dYdX WIF-USD0.0000%1h$18K$58210xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h$74K$231K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0001%1h$18K150xas long as short
Orderly PERP_WIF_USDC+0.0029%4h$5K$1.3M10xas long as short
Aevo WIF-PERP+0.0072%1h$80K$853xas long as short
Lighter WIF+0.0096%1h$139K$190K10xas long as short
Popdex WIFUSDT+0.0096%1h$56K$364K20xas long as short
Hyperliquid WIFshort+0.0100%1h$6.9M$3.1M5x
Pacifica WIF+0.0100%1h$74K$24K5xas long as short
OKX WIF-USDT-SWAP+0.0100%4h$6.2M$17.3M50xas long as short
Gate WIF_USDT+0.0100%4h$1.1M$4.0M50xas long as short
KuCoin WIFUSDTM+0.0100%4h$3.6M$7.6M75xas long as short
Bitget WIFUSDT+0.0100%4h$7.2M$4.4M50xas long as short
BingX WIF-USDT+0.0100%4h$61.6Mas long as short
SunX WIF-USDT+0.0100%4h$2K$1.9M50xas long as short
HTX WIF-USDT+0.0100%4h$225K$481K75xas long as short
Coinbase International WIF-PERP-INTX+0.0104%1h$325K$1.4M50xas long as short
BloFin WIF-USDT+0.0207%4h$1.0M$514K75xas long as short
Reya WIFRUSDPERP+0.0558%1h$015xas long as short