Funding you earn now, next payment 23:00 UTC−0.0394%/8h= −43.1% APRnext payment −$0.49 per $10,000 · paid last 24h −0.207%
Price spread now: Backpack against Aevo−0.235%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.413%−$41 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.235% cheaper against Aevo than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo WIF-PERP | 0.2401 | 0.0104 | pay 0.0013% / 1h | 31m 31s | $80K | $85 | 3x |
| Short | Backpack WIF_USDC_PERP | 0.2395 | −0.0290 | pay 0.0036% / 1h | 31m 31s | $76K | $239K | 10x |
Aevo WIF-PERP
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$82.67
- Price spread: −0.235% → 0.000%
- −$23.49
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$132.16
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 52 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 52 min ago | 0.21 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Aevo: 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 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_PERPshort | −0.0290% | 1h | 0.2395 | −0.235% | $76K | $239K | 10x | |
| Deribit WIF_USDC-PERPETUAL | −0.0167% | 1h | 0.2398 | −0.127% | $47K | $289K | 25x | as long as short |
| KuCoin WIFUSDTM | −0.0082% | 4h | 0.2397 | −0.168% | $4.1M | $11.4M | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2400 | −0.055% | $18K | $582 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2398 | −0.142% | $15K | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −0.252% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDC | +0.0092% | 4h | 0.2399 | −0.085% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2399 | −0.064% | $135K | $549K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2397 | −0.168% | $53K | $483K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2400 | −0.060% | $7.4M | $4.0M | 5x | as long as short |
Deribit WIF_USDC-PERPETUAL
KuCoin WIFUSDTM
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2398 | −0.127% | $25K | $255K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2399 | −0.075% | $76K | $49K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2398 | −0.119% | $17.8M | $100.8M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2396 | −0.197% | $16.6M | $35.0M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2396 | −0.210% | $6.0M | $30.9M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2398 | −0.127% | $1.2M | $7.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2396 | −0.210% | $21.4M | $10.7M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2397 | −0.168% | $7.4M | $11.7M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2396 | −0.210% | — | $65.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2405 | +0.174% | $71K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2401 | −0.017% | $273K | $1.8M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2400 | −0.043% | $42K | $617K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2393 | −0.335% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2399 | −0.106% | $552 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2398 | −0.127% | $166K | $718K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2397 | −0.165% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERPlong | +0.0104% | 1h | 0.2401 | long leg | $80K | $85 | 3x | |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0208% / S −0.1156% | 1h | 0.2396 | −0.209% | $4K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2404 | +0.123% | $317K | $2.3M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2401 | −0.002% | $971K | $705K | 75x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0377% | 1h | 0.2402 | +0.028% | $627K | $2.2M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2395 | −0.254% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
BloFin WIF-USDT
Kraken Futures PF_WIFUSD
Reya WIFRUSDPERP