Funding you earn now, next payment 03:00 UTC+0.0403%/8h= +44.2% APRpaid last 24h +0.196%
Price spread now: OKX against Backpack+0.041%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.425%+$43 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.041%, 7d avg +0.077%
=Funding pays, the price is against you. OKX is 0.037% cheaper against Backpack than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.077%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2464 | −0.0303 | get 0.0038% / 1h | 57m 13s | $80K | $273K | 10x |
| Short | OKX WIF-USDT-SWAP | 0.2465 | 0.0100 | get 0.0050% / 4h | 1h 57m | $5.9M | $34.6M | 50x |
Backpack WIF_USDC_PERP
OKX WIF-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $84.69
- Price spread: +0.041% → +0.077%
- −$3.67
- Slippage, 4 orders
- −$27.1
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $33.93
- Costs to cover
- 0.471%
- Break-even
- 4.2 days
Slippage from Backpack: live order book, 6 min ago; OKX: live order book, 1 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 OKX live order book, 1 min ago | 2.03 bp | 14.5 bp −$15 | 45.3 bp −$453 | 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 | −0.0303% | 1h | 0.2464 | long leg | $80K | $273K | 10x | |
| dYdX WIF-USD | 0.0000% | 1h | 0.2457 | −0.301% | $18K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2460 | −0.162% | $46K | $263K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2459 | −0.185% | $795 | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2470 | +0.244% | $11K | $10K | 12x | as long as short |
| Gate WIF_USDT | +0.0040% | 4h | 0.2460 | −0.162% | $1.2M | $7.4M | 50x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2461 | −0.114% | $139K | $627K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2458 | −0.244% | $56K | $496K | 20x | as long as short |
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2460 | −0.162% | $5K | $1.3M | 10x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2459 | −0.197% | $35K | $283K | 10x | 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
Aster WIFUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WIF | +0.0100% | 1h | 0.2458 | −0.248% | $76K | $55K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2460 | −0.150% | $18.8M | $113.3M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2464 | −0.012% | $17.0M | $38.2M | 50x | as long as short |
| OKX WIF-USDT-SWAPshort | +0.0100% | 4h | 0.2465 | +0.041% | $5.9M | $34.6M | 50x | |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2465 | +0.041% | $21.9M | $10.8M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2459 | −0.203% | $4.5M | $13.3M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2466 | +0.081% | $7.5M | $12.6M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2462 | −0.081% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2470 | +0.246% | $75K | $69K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2465 | +0.055% | $281K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2466 | +0.081% | $42K | $629K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2456 | −0.325% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2460 | −0.162% | $560 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2456 | −0.325% | $166K | $689K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2458 | −0.246% | $8K | $152K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2460 | −0.162% | $82K | $85 | 3x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0138% | 1h | 0.2462 | −0.098% | $640K | $2.3M | 50x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0163% / S −0.0032% | 1h | 0.2461 | −0.126% | $8K | — | 100x | as long as short |
| Hyperliquid WIF | +0.0183% | 1h | 0.2464 | +0.012% | $7.9M | $4.7M | 5x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0312% | 1h | 0.2458 | −0.244% | $326K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2457 | −0.269% | $0 | — | 15x | as long as short |
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDC
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
Kraken Futures PF_WIFUSD
GMX WIF/USD [WBTC.b-USDC]
Hyperliquid WIF
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP