WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h +0.094%

Price spread now: Popdex against Deribit−0.080%7-day average +0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.297%+$30 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.080%, 7d avg +0.026%

Together, before fees+0.310%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Popdex is 0.107% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.297%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2494	0.0151	pay 0.0019% / 1h	12m 01s	$33K	$274K	25x
Short	Popdex WIFUSDT	0.2492	0.0096	get 0.0012% / 1h	12m 01s	$53K	$571K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$11.58
Price spread: −0.080% → +0.026%: −$10.66
Slippage, 4 orders: −$145.81
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$181.45
Costs to cover: 1.592%
Break-even: never at this rate

Slippage from Deribit: live order book, 32 min ago; Popdex: live order book, 32 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, 32 min ago	6.10 bp	9.6 bp −$10	20.1 bp −$201	doesn't fit	doesn't fit
Sell Popdex live order book, 32 min ago	6.11 bp	55.1 bp −$55	doesn't fit	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−1.283%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2481	−0.521%	$982K	$938K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0008%	1h	0.2492	−0.080%	$74K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	−0.100%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2481	−0.535%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0022% / S +0.0190%	1h	0.2493	−0.056%	$16K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2495	+0.028%	$143K	$702K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2492	−0.080%	$53K	$571K	20x
Hyperliquid WIF	+0.0100%	1h	0.2495	+0.055%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2492	−0.075%	$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	0.2488	−0.257%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2493	−0.026%	$19.0M	$144.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2493	−0.044%	$16.8M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2495	+0.040%	$5.6M	$42.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2492	−0.080%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	−0.040%	$22.5M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2493	−0.040%	$4.5M	$16.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2494	0.000%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2492	−0.080%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2478	−0.639%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2478	−0.642%	$274K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2480	−0.561%	$45K	$633K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2493	−0.040%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.521%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2493	−0.020%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2490	−0.160%	$148K	$926K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2493	−0.048%	$13K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2493	−0.058%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUALlong	+0.0151%	1h	0.2494	long leg	$33K	$274K	25x
Kraken Futures PF_WIFUSD	+0.0342%	1h	0.2495	+0.045%	$647K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2493	−0.040%	$329K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2493	−0.027%	$0	—	15x	as long as short