Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Popdex0.000%7-day average +0.506% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$2472.468% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.425%+$42 · spread now 0.000%, 7d avg +0.506%

Together, before fees+0.496%+$50 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: HTX is 0.506% cheaper against Popdex than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of +0.506%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2432	0.0096	pay 0.0012% / 1h	47m 45s	$54K	$484K	20x
Short	HTX WIF-USDT	0.2432	0.0100	get 0.0050% / 4h	3h 47m	$168K	$746K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Popdex. 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 PopdexbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → +0.506%: −$50.57
Slippage, 4 orders: −$228.43
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$296.56
Costs to cover: 2.468%
Break-even: 2478.4 days

Slippage from Popdex: live order book, 26 min ago; HTX: live order book, 26 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	4.11 bp	78.2 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 26 min ago	10.29 bp	53.4 bp −$53	521.2 bp −$5,212	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
Backpack WIF_USDC_PERP	−0.0603%	1h	0.2434	+0.070%	$72K	$252K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0161%	1h	0.2435	+0.123%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0104%	4h	0.2437	+0.206%	$1.2M	$7.0M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2434	+0.066%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2437	+0.188%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0002%	4h	0.2434	+0.082%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.521%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0040%	1h	0.2437	+0.203%	$631K	$2.2M	50x	as long as short
ApeX Omni WIFUSDT	+0.0063%	1h	0.2439	+0.288%	$43K	$631K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2436	+0.164%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WIF	+0.0096%	1h	0.2442	+0.403%	$146K	$579K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2432	long leg	$54K	$484K	20x
Aster WIFUSDT	+0.0100%	4h	0.2436	+0.182%	$24K	$257K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2435	+0.107%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2438	+0.247%	$18.4M	$105.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2437	+0.218%	$16.8M	$36.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2436	+0.164%	$6.0M	$32.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2438	+0.247%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2441	+0.370%	$7.5M	$11.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2436	+0.164%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2440	+0.334%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2445	+0.533%	$278K	$1.9M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2430	−0.082%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2435	+0.107%	$557	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2432	0.000%	$168K	$746K	75x
Hyperliquid WIF	+0.0104%	1h	0.2445	+0.522%	$7.7M	$4.1M	5x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2437	+0.206%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2435	+0.134%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2436	+0.156%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2439	+0.288%	$330K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2439	+0.288%	$988K	$735K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2433	+0.036%	$0	—	15x	as long as short