Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against Bitget+0.119%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2162.162% of the position

Long on Bitget Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.119%, 7d avg −0.022%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.141% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2515	0.0100	pay 0.0050% / 4h	1h 51m	$7.6M	$19.5M	50x
Short	Popdex WIFUSDT	0.2518	0.0096	get 0.0012% / 1h	51m 54s	$53K	$634K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee PopdexbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$0.84
Price spread: +0.119% → −0.022%: $14.12
Slippage, 4 orders: −$197.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$202.9
Costs to cover: 2.162%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Popdex: live order book, 60 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, 5 min ago	3.96 bp	12.7 bp −$13	30.4 bp −$304	141.2 bp −$14.1K	doesn't fit
Sell Popdex live order book, 60 min ago	29.09 bp	121.4 bp −$121	doesn't fit	doesn't fit	doesn't fit

WIF on 32 exchanges

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	−0.0389%	1h	0.2559	+1.750%	$10K	$28K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2517	+0.080%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0117% / S +0.0179%	1h	0.2516	+0.053%	$9K	—	100x	as long as short
Backpack WIF_USDC_PERP	−0.0004%	1h	0.2515	0.000%	$85K	$363K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2515	+0.015%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2517	+0.080%	$33K	$255K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2516	+0.023%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2516	+0.040%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2521	+0.227%	$140K	$878K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2518	+0.119%	$53K	$634K	20x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2518	+0.127%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2515	+0.019%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2515	+0.016%	$78K	$97K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2515	−0.019%	$20.2M	$172.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2512	−0.119%	$17.2M	$58.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2514	−0.040%	$6.2M	$51.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2515	0.000%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2514	−0.040%	$22.4M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2513	−0.080%	$3.8M	$18.5M	75x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2515	long leg	$7.6M	$19.5M	50x
BingX WIF-USDT	+0.0100%	4h	0.2513	−0.080%	—	$27.6M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2525	+0.392%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2520	+0.196%	$284K	$3.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2525	+0.398%	$36K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2515	0.000%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2516	+0.060%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2510	−0.199%	$155K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2514	−0.043%	$9K	$263K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2517	+0.066%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2522	+0.278%	$341K	$4.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2515	−0.014%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0569%	1h	0.2521	+0.222%	$648K	$3.0M	50x	as long as short