Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.080%7-day average −0.642% · you buy dearer than you sell

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$2552.550% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.505%−$51 · spread now −0.080%, 7d avg −0.642%

Together, before fees−0.686%−$69 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 0.563% dearer against HTX than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of −0.642%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2505	0.0100	pay 0.0050% / 4h	1h 49m	$155K	$1.0M	75x
Short	SunX WIF-USDT	0.2503	0.0100	get 0.0050% / 4h	1h 49m	$2K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.642%: $56.26
Slippage, 4 orders: −$234.99
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$198.73
Costs to cover: 2.550%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; SunX: live order book, 12 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 HTX live order book, 2 min ago	9.95 bp	57.3 bp −$57	482.8 bp −$4,828	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	33.52 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit

WIF on 32 exchanges

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	−0.0389%	1h	0.2559	+2.156%	$10K	$28K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0149%	1h	0.2507	+0.080%	$33K	$255K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2517	+0.479%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0117% / S +0.0179%	1h	0.2516	+0.453%	$9K	—	100x	as long as short
Backpack WIF_USDC_PERP	−0.0039%	1h	0.2506	+0.024%	$85K	$362K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2516	+0.450%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2516	+0.422%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2526	+0.838%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2516	+0.447%	$140K	$879K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2518	+0.519%	$53K	$633K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2520	+0.587%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2522	+0.677%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2511	+0.224%	$78K	$98K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2522	+0.679%	$20.2M	$173.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2524	+0.766%	$17.3M	$58.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2525	+0.798%	$6.2M	$51.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2522	+0.679%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2519	+0.559%	$22.5M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2520	+0.599%	$3.8M	$18.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2520	+0.599%	$7.6M	$19.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2517	+0.479%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2512	+0.274%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2515	+0.380%	$284K	$3.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2515	+0.399%	$36K	$646K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2503	−0.080%	$2K	$3.2M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2507	+0.096%	$3K	$6K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2505	long leg	$155K	$1.0M	75x
Extended WIF-USD	+0.0104%	1h	0.2518	+0.526%	$9K	$263K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2507	+0.080%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2522	+0.679%	$341K	$3.9M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2513	+0.305%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0572%	1h	0.2509	+0.146%	$643K	$3.0M	50x	as long as short