Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0489%/8h= −53.5% APRpaid last 24h −0.039%

Price spread now: Injective against SunX+1.912%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.912% dearer against SunX than usual: you sell high and buy low (spread +1.912% now, against zero (this spread has no 7-day history yet)): +$191 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2511	0.0100	pay 0.0050% / 4h	1h 53m	$1K	$3.2M	50x
Short	Injective WIF/USDC PERP	0.2559	−0.0389	pay 0.0049% / 1h	53m 22s	$10K	$28K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.912%Rate

Funding earned: −$102.65
Price spread: +1.912% → 0.000%: $191.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $80.49
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.

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, 8 min ago	33.52 bp	95.3 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 exchanges

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
Injective WIF/USDC PERPshort	−0.0389%	1h	0.2559	+1.912%	$10K	$28K	12x
BloFin WIF-USDT	−0.0140%	4h	0.2527	+0.637%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0117% / S +0.0179%	1h	0.2514	+0.135%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2515	+0.173%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2516	+0.199%	$33K	$255K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2513	+0.080%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0035%	1h	0.2515	+0.171%	$85K	$363K	10x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2515	+0.159%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2519	+0.311%	$140K	$878K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2516	+0.199%	$53K	$634K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2516	+0.203%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2516	+0.184%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2517	+0.249%	$78K	$97K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2516	+0.187%	$20.2M	$172.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2515	+0.175%	$17.3M	$58.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2515	+0.159%	$6.2M	$51.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2516	+0.199%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2515	+0.159%	$22.4M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2515	+0.159%	$3.8M	$18.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2515	+0.159%	$7.6M	$19.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2516	+0.199%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2525	+0.552%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2520	+0.355%	$284K	$3.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2525	+0.558%	$36K	$646K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2511	long leg	$1K	$3.2M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2516	+0.199%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2518	+0.279%	$156K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2514	+0.136%	$9K	$263K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2515	+0.139%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2519	+0.319%	$341K	$3.9M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2514	+0.125%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0570%	1h	0.2518	+0.284%	$647K	$3.0M	50x	as long as short