Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.025%

Price spread now: Kraken Futures against SunX+0.341%7-day average +0.233% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2132.125% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.341%, 7d avg +0.233%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.107% dearer against SunX than usual: you sell high and buy low (spread +0.341% now, against its 7-day average of +0.233%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.183% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2459	0.0100	pay 0.0050% / 4h	2h 17m	$1K	$2.8M	50x
Short	Kraken Futures PF_WIFUSD	0.2467	−0.0074	pay 0.0009% / 1h	17m 11s	$640K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.341%Rate

Funding earned: −$36.63
Price spread: +0.341% → +0.233%: $10.75
Slippage, 4 orders: −$194.54
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$238.42
Costs to cover: 2.125%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Kraken Futures: live order book, 1 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	34.14 bp	96.4 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	12.14 bp	31.1 bp −$31	53.9 bp −$539	doesn't fit	doesn't fit

WIF on 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	+0.447%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDshort	−0.0074%	1h	0.2467	+0.341%	$640K	$2.3M	50x
Backpack WIF_USDC_PERP	−0.0020%	1h	0.2462	+0.138%	$80K	$273K	10x	as long as short
Gate WIF_USDT	−0.0006%	4h	0.2462	+0.122%	$1.2M	$7.5M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2463	+0.146%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2465	+0.244%	$48K	$266K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2462	+0.135%	$796	—	150x	as long as short
KuCoin WIFUSDTM	+0.0070%	4h	0.2465	+0.244%	$4.5M	$13.1M	75x	as long as short
Lighter WIF	+0.0096%	1h	0.2467	+0.325%	$139K	$626K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2460	+0.041%	$56K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2465	+0.244%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2465	+0.238%	$35K	$278K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2462	+0.138%	$76K	$54K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2464	+0.217%	$18.8M	$112.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2463	+0.167%	$17.0M	$38.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2462	+0.122%	$5.8M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2465	+0.244%	$22.0M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2462	+0.122%	$7.5M	$12.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2463	+0.163%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	+0.652%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2477	+0.732%	$280K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2474	+0.610%	$43K	$628K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2459	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2465	+0.264%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2460	+0.041%	$166K	$732K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2464	+0.197%	$8K	$158K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2465	+0.255%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0170% / S −0.0036%	1h	0.2463	+0.148%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0213%	1h	0.2469	+0.407%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2466	+0.285%	$324K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2458	−0.038%	$0	—	15x	as long as short