Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%

Price spread now: SunX against Extended+0.120%7-day average −0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1961.956% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.252%−$25 · spread now +0.120%, 7d avg −0.157%

Together, before fees−0.212%+ Points / potential airdropExtended: Active · farm board−$21 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: SunX is 0.277% dearer against Extended than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2446	0.0104	pay 0.0013% / 1h	45m 31s	$10K	$153K	25x
Short	SunX WIF-USDT	0.2449	0.0100	get 0.0050% / 4h	45m 31s	$1K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$0.84
Price spread: +0.120% → −0.157%: $27.72
Slippage, 4 orders: −$182.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$168.74
Costs to cover: 1.956%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; SunX: 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 Extended live order book, 30 min ago	10.32 bp	22.3 bp −$22	115.9 bp −$1,159	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	16.34 bp	77.7 bp −$78	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
Backpack WIF_USDC_PERP	−0.0402%	1h	0.2448	+0.095%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	+0.066%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2452	+0.243%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2454	+0.306%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.088%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0038%	4h	0.2448	+0.079%	$4.3M	$11.4M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2452	+0.243%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2449	+0.108%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	−0.003%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2451	+0.189%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2449	+0.110%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	+0.093%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2447	+0.039%	$18.3M	$103.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2447	+0.038%	$16.8M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2446	−0.003%	$6.1M	$32.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2448	+0.079%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	+0.038%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2448	+0.079%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2448	+0.079%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2462	+0.659%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2448	+0.078%	$278K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2445	−0.044%	$43K	$621K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2449	+0.120%	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2451	+0.202%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2447	+0.038%	$169K	$732K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2446	long leg	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2450	+0.161%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2453	+0.296%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2453	+0.283%	$332K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0318%	1h	0.2453	+0.301%	$642K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2446	−0.003%	$995K	$729K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2446	+0.005%	$0	—	15x	as long as short