Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.126%
Price spread now: Deribit against Bitget−0.081%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.405% of the position
Funding, last 7 days−0.738%−$74 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.081%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WIFUSDT | 0.2470 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $7.5M | $12.6M | 50x |
| Short | Deribit WIF_USDC-PERPETUAL | 0.2468 | 0 | get 0.0000% / 1h | 59m 40s | $46K | $268K | 25x |
Bitget WIFUSDT
Deribit WIF_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bitget. 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: −0.081% → −0.050%
- −$3.11
- Slippage, 4 orders
- −$21.47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$64.59
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 4 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 Bitget live order book, 4 min ago | 2.02 bp | 13.9 bp −$14 | 26.8 bp −$268 | 105.5 bp −$10.5K | doesn't fit |
| Sell Deribit live order book, 4 min ago | 2.02 bp | 5.5 bp −$6 | 20.1 bp −$201 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −0.0783% | 1h | 0.2470 | 0.000% | $11K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0074% | 1h | 0.2470 | −0.016% | $641K | $2.3M | 50x | as long as short |
| Backpack WIF_USDC_PERP | −0.0008% | 1h | 0.2465 | −0.190% | $81K | $273K | 10x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2470 | −0.017% | $19K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUALshort | 0.0000% | 1h | 0.2468 | −0.081% | $46K | $268K | 25x | |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2468 | −0.065% | $798 | — | 150x | as long as short |
| Gate WIF_USDT | +0.0030% | 4h | 0.2468 | −0.081% | $1.2M | $7.4M | 50x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2472 | +0.077% | $140K | $627K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2474 | +0.162% | $57K | $497K | 20x | as long as short |
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2469 | −0.040% | $5K | $1.3M | 10x | as long as short |
Injective WIF/USDC PERP
Kraken Futures PF_WIFUSD
Backpack WIF_USDC_PERP
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Gate WIF_USDT
Lighter WIF
Popdex WIFUSDT
Orderly PERP_WIF_USDCShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WIF | +0.0100% | 1h | 0.2474 | +0.154% | $8.0M | $4.7M | 5x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2469 | −0.036% | $35K | $279K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2470 | +0.001% | $77K | $55K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2470 | +0.007% | $18.8M | $113.3M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2469 | −0.036% | $17.0M | $38.2M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2469 | −0.040% | $5.9M | $34.7M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2470 | 0.000% | $22.0M | $10.8M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2469 | −0.040% | $4.5M | $13.3M | 75x | as long as short |
| Bitget WIFUSDTlong | +0.0100% | 4h | 0.2470 | long leg | $7.5M | $12.6M | 50x | |
| BingX WIF-USDC | +0.0100% | 4h | 0.2471 | +0.040% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2470 | +0.003% | $75K | $69K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2468 | −0.081% | $276K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2474 | +0.162% | $43K | $630K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2469 | −0.040% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2468 | −0.081% | $564 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2468 | −0.081% | $166K | $692K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2466 | −0.165% | $8K | $152K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2468 | −0.096% | $82K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0164% / S −0.0033% | 1h | 0.2469 | −0.056% | $8K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0304% | 1h | 0.2473 | +0.121% | $328K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2467 | −0.118% | $0 | — | 15x | as long as short |
Hyperliquid WIF
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
KuCoin WIFUSDTM
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
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP