WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0379%/8h= −41.5% APRnext payment −$0.47 per $10,000 · paid last 24h −0.016%

Price spread now: Extended against Hyperliquid−0.203%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.203%, 7d avg −0.097%

Together, before fees−0.053%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.106% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.097%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WIF	0.2559	0.0483	pay 0.0060% / 1h	53m 01s	$8.4M	$5.0M	5x
Short	Extended WIF-USD	0.2553	0.0104	get 0.0013% / 1h	53m 01s	$10K	$149K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$79.59
Price spread: −0.203% → −0.097%: −$10.62
Slippage, 4 orders: −$48.77
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$152.98
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 63 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 Hyperliquid live order book, 9 min ago	2.56 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	8.03 bp	19.4 bp −$19	98.6 bp −$986	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
BloFin WIF-USDT	−0.0215%	4h	0.2555	−0.137%	$1.0M	$908K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2545	−0.528%	$15K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2555	−0.124%	$826	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2542	−0.645%	$11K	$10K	12x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2552	−0.254%	$51K	$544K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2554	−0.184%	$36K	$299K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2544	−0.559%	$79K	$62K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2553	−0.215%	$20.0M	$123.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2551	−0.293%	$17.4M	$41.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2552	−0.254%	$6.2M	$38.2M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0100%	4h	0.2553	−0.215%	$1.2M	$8.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2556	−0.098%	$23.6M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2553	−0.215%	$4.5M	$14.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2554	−0.176%	$7.8M	$13.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2553	−0.215%	—	$23.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2556	−0.094%	$79K	$302K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2556	−0.115%	$95K	$83K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2538	−0.785%	$288K	$2.4M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2558	−0.020%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2553	−0.215%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2556	−0.078%	$591	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2550	−0.332%	$170K	$711K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2553	−0.203%	$10K	$149K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2557	−0.039%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0123% / S −0.0006%	1h	0.2556	−0.106%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0141%	1h	0.2557	−0.059%	$46K	$256K	25x	as long as short
Lighter WIF	+0.0152%	1h	0.2559	+0.023%	$140K	$628K	10x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2553	−0.215%	$347K	$2.9M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0359%	1h	0.2559	+0.010%	$663K	$2.3M	50x	as long as short
Hyperliquid WIFlong	+0.0483%	1h	0.2559	long leg	$8.4M	$5.0M	5x
Reya WIFRUSDPERP	+0.0558%	1h	0.2552	−0.241%	$1	—	15x	as long as short
ApeX Omni WIFUSDT	+0.0656%	1h	0.2557	−0.059%	$47K	$624K	25x	as long as short