Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against SunX+0.362%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1871.874% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.362%, 7d avg +0.156%

Together, before fees−0.313%−$31 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 0.206% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2485	0.0100	pay 0.0050% / 4h	3h 35m	$1K	$2.8M	50x
Short	Bybit WIFUSDT	0.2494	0.0100	get 0.0050% / 4h	3h 35m	$17.1M	$36.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.362%Rate

Funding earned: $0
Price spread: +0.362% → +0.156%: $20.59
Slippage, 4 orders: −$168.43
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$166.85
Costs to cover: 1.874%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	34.28 bp	96.8 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.04 bp	12.0 bp −$12	29.1 bp −$291	197.2 bp −$19.7K	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	−0.0357%	1h	0.2502	+0.676%	$77K	$252K	10x	as long as short
Gate WIF_USDT	−0.0098%	4h	0.2501	+0.644%	$1.3M	$7.1M	50x	as long as short
KuCoin WIFUSDTM	−0.0010%	4h	0.2502	+0.684%	$4.5M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	+0.464%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2491	+0.241%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2491	+0.223%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−3.622%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2491	+0.229%	$654K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2491	+0.241%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2496	+0.443%	$143K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2489	+0.161%	$56K	$483K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2502	+0.684%	$25K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2496	+0.447%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2495	+0.394%	$19.2M	$106.6M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2494	+0.362%	$17.1M	$36.7M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	+0.322%	$6.0M	$33.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2497	+0.483%	$22.5M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2496	+0.443%	$7.8M	$12.0M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2494	+0.362%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	+0.125%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	−1.408%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2448	−1.489%	$43K	$632K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2485	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2489	+0.161%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2489	+0.161%	$171K	$742K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2501	+0.633%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2490	+0.184%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0165%	1h	0.2507	+0.881%	$8.0M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2491	+0.236%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2495	+0.402%	$334K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2474	−0.443%	$1.0M	$740K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	+0.206%	$0	—	15x	as long as short