WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Orderly+0.121%50s7-day average −0.001% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.121%, 7d avg −0.001%

Together, before fees−0.348%−$35 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: Bybit is 0.122% dearer against Orderly than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2486	0.0094	pay 0.0047% / 4h	3h 31m	$6K	$1.1M	10x
Short	Bybit WIFUSDT	0.2489	0.0100	get 0.0050% / 4h	3h 31m	$17.4M	$56.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee BybitbpOrdersPrice spread, now +0.121%Rate

Funding earned: $1.23
Price spread: +0.121% → −0.001%: $12.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$3.59
Costs to cover: 0.170%
Break-even: 27.4 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	2.00 bp	13.4 bp −$13	28.7 bp −$287	121.7 bp −$12.2K	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	−0.0410%	4h	0.2488	+0.080%	$1.3M	$11.5M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0404% / S +0.0321%	1h	0.2485	−0.045%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2499	+0.523%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	+0.142%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2486	0.000%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2484	−0.066%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDClong	+0.0094%	4h	0.2486	long leg	$6K	$1.1M	10x
Lighter WIF	+0.0096%	1h	0.2493	+0.286%	$144K	$834K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2490	+0.161%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2488	+0.068%	$10.0M	$9.2M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2489	+0.112%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2490	+0.141%	$77K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2490	+0.160%	$19.7M	$166.5M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2489	+0.121%	$17.4M	$56.0M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2486	0.000%	$5.8M	$48.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2491	+0.201%	$24.0M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2491	+0.201%	$3.9M	$18.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2488	+0.080%	$7.6M	$18.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2491	+0.201%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2484	−0.088%	$80K	$355K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	+0.446%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2504	+0.724%	$278K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2500	+0.563%	$35K	$654K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2482	−0.161%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2486	+0.004%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2488	+0.080%	$153K	$943K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2489	+0.115%	$12K	$213K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2476	−0.421%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2485	−0.040%	$361K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.925%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	+0.035%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0744%	1h	0.2488	+0.070%	$641K	$3.0M	50x	as long as short