WIF

Alert

Funding spread now, next payment 14:00 UTC−0.0908%/8h

next payment, per $10,000−$1.14paid, last 24h−0.230%paid, last 7 days−0.630%to open and close $10k−$90

Long on Coinbase International Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.630% in total (about -32.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2310	0.0104	pay 0.0013% / 1h	51m 18s	$300K	$1.2M	50x
Short	Backpack WIF_USDC_PERP	0.2311	−0.0804	pay 0.0101% / 1h	51m 18s	$76K	$170K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: −$190.72
Slippage, 4 orders: −$70.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$281.04
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Backpack: live order book, 19 min ago.

Price risk

price view

Price gap now: +0.043%
Avg gap 7d: −0.235%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 4 min ago	6.46 bp	30.2 bp −$30	46.4 bp −$464	doesn't fit	doesn't fit
Sell Backpack live order book, 19 min ago	0.88 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit

WIF on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX WIF/USD [WBTC.b-USDC]	L −1.9838% / S +0.0791%	1h	$6K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.1048%	1h	$85K	$216K	25x	as long as short
Backpack WIF_USDC_PERPshort	−0.0804%	1h	$76K	$170K	10x
ApeX Omni WIFUSDT	−0.0664%	1h	$51K	$588K	25x	as long as short
SoDEX WIF-USD	−0.0595%	1h	$524	$5K	5x	as long as short
Variational Omni WIF	−0.0501%	4h	$66K	$46K	—	as long as short
Injective WIF/USDC PERP	−0.0468%	1h	$11K	$97K	12x	as long as short
Bybit WIFUSDT	−0.0415%	4h	$16.0M	$21.8M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0393%	1h	$589K	$913K	50x	as long as short
Aster WIFUSDT	−0.0090%	4h	$18K	$80K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended WIF-USD	−0.0040%	1h	$12K	$150K	25x	as long as short
Binance WIFUSDT	−0.0040%	4h	$16.3M	$46.1M	75x	as long as short
MEXC WIF_USDT	−0.0028%	4h	$22.8M	$6.7M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	$17K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0033%	4h	$5K	$1.3M	10x	as long as short
KuCoin WIFUSDTM	+0.0066%	4h	$3.6M	$7.3M	75x	as long as short
Aevo WIF-PERP	+0.0072%	1h	$77K	$85	3x	as long as short
Lighter WIF	+0.0096%	1h	$129K	$178K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	$53K	$320K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	$6.7M	$2.8M	5x	as long as short
Pacifica WIF	+0.0100%	1h	$73K	$22K	5x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	$6.0M	$14.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	$1.0M	$3.3M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	$7.0M	$4.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	—	$47.6M	—	as long as short
SunX WIF-USDT	+0.0100%	4h	$2K	$1.7M	50x	as long as short
HTX WIF-USDT	+0.0100%	4h	$219K	$472K	75x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0104%	1h	$300K	$1.2M	50x
BloFin WIF-USDT	+0.0200%	4h	$955K	$458K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	$0	—	15x	as long as short