Settings8H · net · $10k
Funding arb · Price arb /

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.183%
Price spread now: SoDEX against Backpack−0.016%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack WIF_USDC_PERP0.24640.0051pay 0.0006% / 1h41m 26s$77K$272K10x
ShortSoDEX WIF-USD0.24640.0100get 0.0013% / 1h41m 26s$559$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.27
Price spread: −0.016% → 0.000%
−$1.62
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$9.36
Costs to cover
0.180%
Break-even
13.4 days
Slippage unknown: Backpack: live order book, 27 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 27 min ago0.41 bp10.1 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective WIF/USDC PERP−0.0783%1h0.2470+0.227%$11K$10K12xas long as short
Gate WIF_USDT−0.0100%4h0.2463−0.057%$1.2M$7.4M50xas long as short
Kraken Futures PF_WIFUSD−0.0075%1h0.2465+0.022%$642K$2.3M50xas long as short
KuCoin WIFUSDTM−0.0008%4h0.2461−0.138%$4.6M$12.9M75xas long as short
dYdX WIF-USD0.0000%1h0.2462−0.113%$18K$58910xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2465+0.024%$48K$289K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S +0.0001%1h0.2463−0.041%$796150xas long as short
Backpack WIF_USDC_PERPlong+0.0051%1h0.2464long leg$77K$272K10x
Lighter WIF+0.0096%1h0.2462−0.077%$138K$624K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2466+0.065%$56K$497K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_WIF_USDC+0.0099%4h0.2464−0.016%$5K$1.3M10xas long as short
Aster WIFUSDT+0.0100%4h0.2464−0.028%$35K$274K10xas long as short
Pacifica WIF+0.0100%1h0.2462−0.090%$77K$53K5xas long as short
Binance WIFUSDT+0.0100%4h0.2466+0.059%$18.7M$111.8M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2464−0.016%$16.9M$38.0M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2465+0.024%$5.9M$34.5M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2465+0.024%$22.2M$11.0M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2466+0.065%$7.5M$12.4M50xas long as short
BingX WIF-USDC+0.0100%4h0.2468+0.146%$2.3Mas long as short
Variational Omni WIF+0.0100%4h0.2475+0.435%$75K$70Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2474+0.384%$274K$1.9M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2485+0.836%$43K$629K25xas long as short
SunX WIF-USDT+0.0100%4h0.2460−0.179%$2K$2.9M50xas long as short
SoDEX WIF-USDshort+0.0100%1h0.2464−0.016%$559$5K5x
HTX WIF-USDT+0.0100%4h0.2458−0.260%$168K$750K75xas long as short
Extended WIF-USD+0.0104%1h0.2463−0.061%$11K$155K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2465+0.017%$82K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0178% / S −0.0042%1h0.2464−0.033%$8K100xas long as short
Hyperliquid WIF+0.0178%1h0.2468+0.158%$8.0M$4.7M5xas long as short
Coinbase International WIF-PERP-INTX+0.0304%1h0.2464−0.016%$324K$2.5M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2487+0.917%$997K$710K75xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2465+0.009%$015xas long as short