Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.052%

Price spread now: Variational Omni against SunX+0.509%7-day average +0.133% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.509%, 7d avg +0.133%

Together, before fees−0.502%+ Points / potential airdropVariational Omni: Active · farm board−$50 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: Variational Omni is 0.377% dearer against SunX than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2381	0.0100	pay 0.0050% / 4h	2h 33m	$2K	$3.0M	50x
Short	Variational Omni WIF	0.2393	0.0100	get 0.0050% / 4h	2h 33m	$87K	$174K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.509%Rate

Funding earned: $0
Price spread: +0.509% → +0.133%: $37.67
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.67
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 4 min ago	33.36 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	8.39 bp	doesn't fit	25.2 bp −$252	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	0.2389	+0.336%	$996K	$890K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0008%	1h	0.2380	−0.029%	$73K	$317K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2379	−0.100%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2385	+0.168%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2384	+0.118%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0093% / S +0.0032%	1h	0.2385	+0.150%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2387	+0.231%	$143K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2382	+0.042%	$51K	$569K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2387	+0.256%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2385	+0.182%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2378	−0.108%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2387	+0.260%	$18.6M	$138.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2384	+0.122%	$16.2M	$45.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2384	+0.126%	$5.4M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2384	+0.126%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2385	+0.168%	$21.5M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2382	+0.042%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2385	+0.168%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2380	−0.042%	—	$2.3M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2393	+0.509%	$87K	$174K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.705%	$277K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2402	+0.882%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2385	+0.168%	$4K	$1.1M	10x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2381	long leg	$2K	$3.0M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2384	+0.147%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2381	0.000%	$158K	$827K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2384	+0.120%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2384	+0.131%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0251%	1h	0.2386	+0.215%	$619K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2383	+0.084%	$319K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2385	+0.153%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.714%	$10K	$10K	12x	as long as short