Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.180%
Price spread now: Backpack against Popdex−0.082%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1561.559% of the position
Funding, last 4 days (all we have)−0.598%−$60 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.082%, 7d avg −0.092%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex WIFUSDT | 0.2564 | 0.0096 | pay 0.0012% / 1h | 27m 54s | $52K | $562K | 20x |
| Short | Backpack WIF_USDC_PERP | 0.2562 | 0.0100 | get 0.0013% / 1h | 27m 54s | $79K | $304K | 10x |
Popdex WIFUSDT
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.082% → −0.092%
- $0.98
- Slippage, 4 orders
- −$139.54
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$154.12
- Costs to cover
- 1.559%
- Break-even
- 1291.3 days
Slippage from Popdex: live order book, 26 min ago; Backpack: live order book, 25 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 Popdex live order book, 26 min ago | 3.93 bp | 69.2 bp −$69 | 279.7 bp −$2,797 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 25 min ago | 1.17 bp | 9.2 bp −$9 | 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 | −0.0194% | 4h | 0.2570 | +0.234% | $1.1M | $912K | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2569 | +0.214% | $14K | $597 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2564 | +0.011% | — | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2555 | −0.351% | $11K | $10K | 12x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2566 | +0.086% | $147K | $652K | 10x | as long as short |
| Popdex WIFUSDTlong | +0.0096% | 1h | 0.2564 | long leg | $52K | $562K | 20x | |
| Aster WIFUSDT | +0.0100% | 4h | 0.2565 | +0.038% | $45K | $310K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2570 | +0.251% | $79K | $65K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2564 | +0.012% | $20.5M | $127.6M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2562 | −0.078% | $17.5M | $42.6M | 50x | as long as short |
BloFin WIF-USDT
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Lighter WIF
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2563 | −0.039% | $6.2M | $39.1M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2563 | −0.039% | $1.2M | $8.2M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2564 | 0.000% | $23.6M | $11.6M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2563 | −0.039% | $4.3M | $15.2M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2564 | 0.000% | $7.9M | $14.4M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2565 | +0.039% | — | $2.3M | — | as long as short |
| Backpack WIF_USDC_PERPshort | +0.0100% | 1h | 0.2562 | −0.082% | $79K | $304K | 10x | |
| Variational Omni WIF | +0.0100% | 4h | 0.2573 | +0.353% | $97K | $136K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2578 | +0.530% | $296K | $2.5M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2578 | +0.546% | $47K | $624K | 25x | as long as short |
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2565 | +0.039% | $5K | $1.2M | 10x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2559 | −0.195% | $1K | $2.9M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2565 | +0.039% | $600 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2563 | −0.039% | $169K | $734K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2563 | −0.039% | $12K | $152K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2565 | +0.053% | $86K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0115% / S +0.0003% | 1h | 0.2564 | −0.001% | $9K | — | 100x | as long as short |
| Deribit WIF_USDC-PERPETUAL | +0.0140% | 1h | 0.2565 | +0.039% | $40K | $263K | 25x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0352% | 1h | 0.2566 | +0.078% | $348K | $3.0M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0358% | 1h | 0.2566 | +0.067% | $670K | $2.4M | 50x | as long as short |
| Hyperliquid WIF | +0.0542% | 1h | 0.2569 | +0.207% | $8.5M | $5.2M | 5x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2562 | −0.096% | $1 | — | 15x | as long as short |
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
Orderly PERP_WIF_USDC
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Deribit WIF_USDC-PERPETUAL
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
Hyperliquid WIF
Reya WIFRUSDPERP