Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: SunX against MEXC+0.157%7-day average −0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.266%−$27 · spread now +0.157%, 7d avg −0.167%

Together, before fees−0.219%−$22 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 0.325% dearer against MEXC than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2544	0.0100	pay 0.0050% / 4h	3h 15m	$23.6M	$11.6M	50x
Short	SunX WIF-USDT	0.2548	0.0100	get 0.0050% / 4h	3h 15m	$1K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → −0.167%: $32.46
Slippage, 4 orders: −$161.68
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$141.22
Costs to cover: 1.737%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.97 bp	8.7 bp −$9	26.0 bp −$260	107.6 bp −$10.8K	146.2 bp −$73.1K
Sell SunX live order book, 12 min ago	33.25 bp	64.0 bp −$64	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
BloFin WIF-USDT	−0.0192%	4h	0.2552	+0.314%	$1.1M	$910K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2554	+0.412%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2550	+0.256%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.432%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2548	+0.157%	$146K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2553	+0.354%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2546	+0.090%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2553	+0.338%	$80K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2545	+0.045%	$20.1M	$129.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2545	+0.039%	$17.5M	$43.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2546	+0.079%	$6.1M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2545	+0.039%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2544	long leg	$23.6M	$11.6M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2549	+0.197%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2545	+0.039%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2548	+0.157%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2549	+0.212%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2550	+0.238%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.432%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2536	−0.314%	$46K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2552	+0.314%	$5K	$1.3M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2548	+0.157%	$1K	$2.9M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2551	+0.275%	$596	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2549	+0.197%	$168K	$737K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2544	−0.009%	$12K	$114K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2551	+0.269%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0111% / S +0.0021%	1h	0.2551	+0.269%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0142%	1h	0.2551	+0.275%	$39K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2553	+0.354%	$339K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0360%	1h	0.2553	+0.335%	$667K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2552	+0.328%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0670%	1h	0.2552	+0.321%	$8.7M	$5.3M	5x	as long as short