After costs, if the gap returns to its 7d average, $10k−$43
spread now0.000%7d average+0.067%fees + slippage, in and out−$37spread needed0.366%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2458 | −0.0862 | get 0.0108% / 1h | 11m 30s | $79K | $218K | 10x |
| Short | Deribit WIF_USDC-PERPETUAL | 0.2458 | −0.0157 | pay 0.0020% / 1h | 11m 30s | $74K | $267K | 25x |
Backpack WIF_USDC_PERP
Deribit WIF_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0
- Funding while held
- $21.15
- Slippage, 4 orders
- −$19.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.48
- Spread needed to break even
- 0.366%
Slippage from Backpack: live order book, 54 min ago; Deribit: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0705%
- Per $10,000 a day
- +$21.15
- Average in range /8h
- —
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 Backpack live order book, 54 min ago | 1.23 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 9 min ago | 4.08 bp | 10.2 bp −$10 | 23.9 bp −$239 | doesn't fit | doesn't fit |
WIF price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.2434cheapestVariational Omni0.2443+0.361%Injective0.2451+0.698%Reya0.2455+0.858%Bybit0.2456+0.896%OKX0.2456+0.904%BingX0.2456+0.904%SunX0.2456+0.904%Aster0.2456+0.921%Lighter0.2457+0.961%SoDEX0.2457+0.965%Gate0.2458+0.986%MEXC0.2458+0.986%KuCoin0.2458+0.986%Bitget0.2458+0.986%
ApeX Omni
Variational Omni
Injective
Reya
Bybit
OKX
BingX
SunX
Aster
Lighter
SoDEX
Gate
MEXC
KuCoin
BitgetBackpack0.2458+0.986%
Orderly0.2458+0.986%Aevo0.2458+0.986%
Orderly
AevoDeribit0.2458+0.986%
BloFin0.2458+0.986%Pacifica0.2458+0.993%Binance0.2458+1.001%Extended0.2459+1.017%Popdex0.2459+1.027%GMX0.2459+1.030%gTrade (Gains Network)0.2460+1.065%dYdX0.2460+1.068%Coinbase International0.2460+1.068%Kraken Futures0.2460+1.070%Hyperliquid0.2460+1.081%HTX0.2466+1.315%
BloFin
Pacifica
Binance
Extended
Popdex
GMX
gTrade (Gains Network)
dYdX
Coinbase International
Kraken Futures
Hyperliquid
HTXWIF on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni WIFUSDT | −0.976% | −0.0299% | 1h | $49K | $601K | 25x | as long as short |
| Variational Omni WIF | −0.619% | −0.0312% | 4h | $70K | $48K | — | as long as short |
| Injective WIF/USDC PERP | −0.285% | −0.0229% | 1h | $11K | $82K | 12x | as long as short |
| Reya WIFRUSDPERP | −0.126% | +0.0558% | 1h | $0 | — | 15x | as long as short |
| Bybit WIFUSDT | −0.090% | +0.0016% | 4h | $17.3M | $28.2M | 50x | as long as short |
| OKX WIF-USDT-SWAP | −0.081% | +0.0100% | 4h | $6.3M | $23.7M | 50x | as long as short |
| BingX WIF-USDC | −0.081% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| SunX WIF-USDT | −0.081% | +0.0100% | 4h | $2K | $2.5M | 50x | as long as short |
| Aster WIFUSDT | −0.064% | −0.0148% | 4h | $33K | $154K | 10x | as long as short |
| Lighter WIF | −0.024% | +0.0096% | 1h | $146K | $297K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX WIF-USD | −0.020% | −0.0018% | 1h | $553 | $5K | 5x | as long as short |
| Gate WIF_USDT | 0.000% | −0.0016% | 4h | $1.2M | $5.3M | 50x | as long as short |
| MEXC WIF_USDT | 0.000% | 0.0000% | 4h | $22.8M | $8.6M | 50x | as long as short |
| KuCoin WIFUSDTM | 0.000% | +0.0100% | 4h | $4.1M | $8.7M | 75x | as long as short |
| Bitget WIFUSDT | 0.000% | +0.0100% | 4h | $9.3M | $7.5M | 50x | as long as short |
| Backpack WIF_USDC_PERPlong | 0.000% | −0.0862% | 1h | $79K | $218K | 10x | |
| Orderly PERP_WIF_USDC | 0.000% | +0.0033% | 4h | $5K | $1.3M | 10x | as long as short |
| Aevo WIF-PERP | 0.000% | +0.0080% | 1h | $82K | $85 | 3x | as long as short |
| Deribit WIF_USDC-PERPETUALshort | 0.000% | −0.0157% | 1h | $74K | $267K | 25x | |
| BloFin WIF-USDT | 0.000% | +0.0234% | 4h | $1.1M | $629K | 75x | as long as short |
| Pacifica WIF | +0.007% | +0.0100% | 1h | $76K | $32K | 5x | as long as short |
| Binance WIFUSDT | +0.014% | +0.0004% | 4h | $18.1M | $70.2M | 75x | as long as short |
| Extended WIF-USD | +0.031% | 0.0000% | 1h | $13K | $150K | 25x | as long as short |
| Popdex WIFUSDT | +0.041% | +0.0096% | 1h | $53K | $481K | 20x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | +0.044% | L −0.1125% / S +0.0512% | 1h | $10K | — | 100x | as long as short |
| gTrade (Gains Network) WIF/USD | +0.078% | L +0.0002% / S −0.0002% | 1h | $19K | — | 150x | as long as short |
| dYdX WIF-USD | +0.081% | 0.0000% | 1h | $18K | $582 | 10x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.081% | +0.0152% | 1h | $324K | $1.7M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.083% | +0.0071% | 1h | $645K | $1.3M | 50x | as long as short |
| Hyperliquid WIF | +0.094% | +0.0124% | 1h | $7.3M | $3.6M | 5x | as long as short |
| HTX WIF-USDT | +0.325% | +0.0100% | 4h | $176K | $664K | 75x | as long as short |