Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.038%

Price spread now: Coinbase International against SunX+0.364%7-day average +0.335% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1951.945% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.364%, 7d avg +0.335%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.029% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.335%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2475	0.0100	pay 0.0050% / 4h	1h 07m	$2K	$2.8M	50x
Short	Coinbase International WIF-PERP-INTX	0.2484	0.0312	get 0.0039% / 1h	7m 05s	$334K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.364%Rate

Funding earned: $44.52
Price spread: +0.364% → +0.335%: $2.88
Slippage, 4 orders: −$176.54
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$147.14
Costs to cover: 1.945%
Break-even: 30.1 days

Slippage from SunX: live order book, 10 min ago; Coinbase International: live order book, 2 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, 10 min ago	34.09 bp	96.3 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.03 bp	15.0 bp −$15	27.0 bp −$270	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	−0.0183%	4h	0.2484	+0.364%	$1.0M	$835K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2484	+0.344%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2481	+0.242%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2481	+0.257%	$802	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.202%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2483	+0.315%	$140K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2480	+0.202%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2483	+0.303%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2485	+0.389%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2482	+0.279%	$19.0M	$115.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2478	+0.121%	$17.0M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2480	+0.202%	$5.9M	$35.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2481	+0.242%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2481	+0.242%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2479	+0.162%	$4.7M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2480	+0.202%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2478	+0.121%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2478	+0.129%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2489	+0.566%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2485	+0.399%	$277K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	+0.566%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2482	+0.283%	$5K	$1.3M	10x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2475	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2481	+0.255%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2481	+0.242%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2480	+0.185%	$9K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	+0.202%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2482	+0.291%	$650K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0147% / S −0.0021%	1h	0.2481	+0.244%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0311%	1h	0.2484	+0.372%	$8.0M	$4.8M	5x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0312%	1h	0.2484	+0.364%	$334K	$2.7M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2479	+0.164%	$0	—	15x	as long as short