WIF

Alert

Funding spread now, next payment 17:00 UTC−0.0603%/8h

next payment, per $10,000−$0.75paid, last 24h−0.124%paid, last 7 days−0.191%to open and close $10k−$78

Long on Kraken Futures Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 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	Kraken Futures PF_WIFUSD	0.2448	−0.0319	get 0.0040% / 1h	56m 45s	$636K	$1.4M	50x
Short	Backpack WIF_USDC_PERP	0.2444	−0.0922	pay 0.0115% / 1h	56m 45s	$80K	$222K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BackpackbpOrdersRate

Funding earned: −$126.62
Slippage, 4 orders: −$58.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$204.88
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Backpack: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.163%
Avg gap 7d: −0.128%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 3 min ago	6.06 bp	24.8 bp −$25	118.1 bp −$1,181	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.20 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

WIF on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX WIF/USD [WBTC.b-USDC]	L −4.0460% / S +0.0380%	1h	$3K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0997%	1h	$11K	$82K	12x	as long as short
Backpack WIF_USDC_PERPshort	−0.0922%	1h	$80K	$222K	10x
Deribit WIF_USDC-PERPETUAL	−0.0567%	1h	$73K	$267K	25x	as long as short
Kraken Futures PF_WIFUSDlong	−0.0319%	1h	$636K	$1.4M	50x
Variational Omni WIF	−0.0301%	4h	$70K	$48K	—	as long as short
ApeX Omni WIFUSDT	−0.0280%	1h	$50K	$600K	25x	as long as short
Aster WIFUSDT	−0.0192%	4h	$33K	$159K	10x	as long as short
SoDEX WIF-USD	−0.0065%	1h	$557	$5K	5x	as long as short
dYdX WIF-USD	0.0000%	1h	$18K	$582	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	$4K	—	150x	as long as short
Extended WIF-USD	+0.0008%	1h	$12K	$150K	25x	as long as short
MEXC WIF_USDT	+0.0008%	4h	$22.5M	$8.6M	50x	as long as short
Binance WIFUSDT	+0.0010%	4h	$17.9M	$72.8M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0032%	4h	$5K	$1.3M	10x	as long as short
BloFin WIF-USDT	+0.0039%	4h	$1.0M	$627K	75x	as long as short
KuCoin WIFUSDTM	+0.0078%	4h	$4.0M	$8.9M	75x	as long as short
Aevo WIF-PERP	+0.0080%	1h	$82K	$85	3x	as long as short
Lighter WIF	+0.0096%	1h	$146K	$304K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	$53K	$474K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	$7.3M	$3.4M	5x	as long as short
Pacifica WIF	+0.0100%	1h	$76K	$31K	5x	as long as short
Bybit WIFUSDT	+0.0100%	4h	$17.2M	$28.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	$6.2M	$24.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	$1.2M	$5.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	$9.3M	$8.0M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	—	$2.3M	—	as long as short
SunX WIF-USDT	+0.0100%	4h	$2K	$2.6M	50x	as long as short
HTX WIF-USDT	+0.0100%	4h	$176K	$676K	75x	as long as short
Coinbase International WIF-PERP-INTX	+0.0192%	1h	$342K	$1.8M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	$0	—	15x	as long as short