Settings8H · net · $10k
Funding arb · Price arb /

WIF

all WIF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +3.812%
Price spread now: Popdex against GMX−0.046%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Popdex is 0.046% cheaper against GMX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WIF/USD [WBTC.b-USDC]0.2479L +0.0026% / S +0.0189%pay 0.0003% / 1h16m 15s$16K100x
ShortPopdex WIFUSDT0.24780.0096get 0.0012% / 1h16m 15s$53K$571K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against GMX. 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

Funding earned
$14.67
Price spread: −0.046% → 0.000%
−$4.56
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$8.29
Costs to cover
0.184%
Break-even
11.0 days
Slippage unknown: GMX: no order-book sample; Popdex: live order book, 28 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Popdex live order book, 28 min ago6.11 bp55.1 bp −$55doesn't fitdoesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective WIF/USDC PERP−0.0467%1h0.2462−0.691%$10K$11K12xas long as short
BloFin WIF-USDT−0.0140%4h0.2480+0.035%$980K$938K75xas long as short
Backpack WIF_USDC_PERP−0.0030%1h0.2477−0.078%$73K$297K10xas long as short
dYdX WIF-USD0.0000%1h0.2480+0.017%$13K$58710xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2479−0.005%$33K$274K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0001%1h0.2476−0.111%150xas long as short
GMX WIF/USD [WBTC.b-USDC]longL +0.0026% / S +0.0189%1h0.2479long leg$16K100x
Lighter WIF+0.0096%1h0.2481+0.067%$143K$702K10xas long as short
Popdex WIFUSDTshort+0.0096%1h0.2478−0.046%$53K$571K20x
Hyperliquid WIF+0.0100%1h0.2482+0.116%$8.6M$6.4M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WIFUSDT+0.0100%4h0.2479−0.023%$31K$352K10xas long as short
Pacifica WIF+0.0100%1h0.2479+0.010%$78K$70K5xas long as short
Binance WIFUSDT+0.0100%4h0.24790.000%$18.9M$144.2M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2478−0.050%$16.7M$47.5M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2479−0.005%$5.5M$41.8M50xas long as short
Gate WIF_USDT+0.0100%4h0.2477−0.086%$1.1M$9.2M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2478−0.046%$22.4M$12.2M50xas long as short
KuCoin WIFUSDTM+0.0100%4h0.2478−0.046%$4.5M$16.6M75xas long as short
Bitget WIFUSDT+0.0100%4h0.2479−0.005%$7.5M$15.8M50xas long as short
BingX WIF-USDC+0.0100%4h0.2476−0.126%$2.3Mas long as short
Variational Omni WIF+0.0100%4h0.2474−0.204%$73K$193Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2473−0.232%$280K$2.9M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2476−0.126%$45K$633K25xas long as short
Orderly PERP_WIF_USDC+0.0100%4h0.2479−0.005%$5K$1.0M10xas long as short
SunX WIF-USDT+0.0100%4h0.2474−0.207%$2K$3.1M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2479−0.009%$566$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2476−0.126%$147K$921K75xas long as short
Extended WIF-USD+0.0104%1h0.2478−0.054%$10K$147K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2479−0.018%$83K$853xas long as short
Kraken Futures PF_WIFUSD+0.0344%1h0.2481+0.077%$643K$2.7M50xas long as short
Coinbase International WIF-PERP-INTX+0.0384%1h0.2481+0.075%$327K$3.2M50xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2476−0.122%$015xas long as short