WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0205%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.133%

Price spread now: Coinbase International against Deribit−0.040%7-day average +0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs+$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.976%+$98 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.040%, 7d avg +0.152%

Together, before fees+1.179%+$118 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.192% cheaper against Deribit than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.152%). If the spread goes back, that is −$19 on $10k: about 3.1 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.976% in total) that is about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2519	0.0147	pay 0.0018% / 1h	17m 04s	$33K	$275K	25x
Short	Coinbase International WIF-PERP-INTX	0.2518	0.0352	get 0.0044% / 1h	17m 04s	$334K	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.040%Rate

Funding earned: $43.02
Price spread: −0.040% → +0.152%: −$19.15
Slippage, 4 orders: −$31.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$24.86
Costs to cover: 0.487%
Break-even: 11.0 days

Slippage from Deribit: live order book, 21 min ago; Coinbase International: live order book, 2 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 Deribit live order book, 21 min ago	5.95 bp	9.4 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	5.97 bp	14.9 bp −$15	27.7 bp −$277	doesn't fit	doesn't fit

WIF on 32 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
GMX WIF/USD [WBTC.b-USDC]	L −0.0173% / S +0.0274%	1h	0.2518	−0.058%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.263%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2516	−0.119%	$1.0M	$953K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2511	−0.336%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2517	−0.064%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0019%	1h	0.2517	−0.064%	$75K	$309K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2520	+0.020%	$144K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2517	−0.079%	$54K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2521	+0.086%	$8.8M	$6.9M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2519	−0.013%	$30K	$352K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2512	−0.290%	$78K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2519	0.000%	$19.3M	$149.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2516	−0.119%	$16.8M	$49.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2517	−0.079%	$5.7M	$43.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2518	−0.040%	$1.2M	$9.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2518	−0.040%	$22.6M	$12.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2518	−0.040%	$4.3M	$17.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2517	−0.079%	$7.6M	$16.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2513	−0.238%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	−0.672%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−0.439%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	−0.238%	$45K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2518	−0.040%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2513	−0.238%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2517	−0.067%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2515	−0.159%	$159K	$910K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2517	−0.086%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2518	−0.048%	$84K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUALlong	+0.0147%	1h	0.2519	long leg	$33K	$275K	25x
Coinbase International WIF-PERP-INTXshort	+0.0352%	1h	0.2518	−0.040%	$334K	$3.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2517	−0.085%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0805%	1h	0.2519	+0.007%	$656K	$2.7M	50x	as long as short