Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against SunX+0.082%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1911.913% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.082%, 7d avg +0.175%

Together, before fees+0.009%+$1 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: ApeX Omni is 0.093% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.175%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2443	0.0100	pay 0.0050% / 4h	2h 02m	$1K	$3.1M	50x
Short	ApeX Omni WIFUSDT	0.2445	0.0100	get 0.0013% / 1h	2m 59s	$45K	$631K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.175%: −$9.27
Slippage, 4 orders: −$173.26
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$200.53
Costs to cover: 1.913%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 45 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 SunX live order book, 5 min ago	32.68 bp	89.5 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 45 min ago	10.20 bp	19.1 bp −$19	117.6 bp −$1,176	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	−0.0140%	4h	0.2450	+0.287%	$966K	$924K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	−0.020%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2446	+0.131%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0030%	1h	0.2446	+0.131%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0077% / S +0.0251%	1h	0.2446	+0.116%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2451	+0.332%	$142K	$679K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	+0.123%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2449	+0.258%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2447	+0.179%	$29K	$340K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	+0.134%	$77K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2447	+0.164%	$18.5M	$141.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2447	+0.164%	$16.5M	$46.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	+0.082%	$5.5M	$40.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2447	+0.164%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	+0.164%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2445	+0.082%	$4.1M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2446	+0.123%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2447	+0.164%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	+0.064%	$73K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	+0.123%	$271K	$2.7M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2445	+0.082%	$45K	$631K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2449	+0.246%	$5K	$1.1M	10x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2443	long leg	$1K	$3.1M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2450	+0.266%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2446	+0.123%	$149K	$867K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2445	+0.072%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2449	+0.245%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0158%	1h	0.2449	+0.246%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0244%	1h	0.2451	+0.328%	$634K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2452	+0.368%	$328K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.084%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.719%	$10K	$10K	12x	as long as short