WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0394%/8h= +43.1% APRnext payment +$0.49 per $10,000 · paid last 24h +0.201%

Price spread now: Extended against Backpack−0.097%48s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.544% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$38 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.097%, 7d avg +0.033%

Together, before fees+0.126%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.130% cheaper against Backpack than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.033%). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.375% in total) that is about 2.4 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WIF_USDC_PERP	0.2395	−0.0290	get 0.0036% / 1h	31m 18s	$76K	$239K	10x
Short	Extended WIF-USD	0.2393	0.0104	get 0.0013% / 1h	31m 18s	$10K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now −0.097%Rate

Funding earned: $82.67
Price spread: −0.097% → +0.033%: −$12.96
Slippage, 4 orders: −$39.39
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $15.31
Costs to cover: 0.544%
Break-even: 5.7 days

Slippage from Backpack: live order book, 52 min ago; Extended: live order book, 49 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 Backpack live order book, 52 min ago	0.21 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 49 min ago	6.31 bp	18.9 bp −$19	106.7 bp −$1,067	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
Backpack WIF_USDC_PERPlong	−0.0290%	1h	0.2395	long leg	$76K	$239K	10x
Deribit WIF_USDC-PERPETUAL	−0.0168%	1h	0.2393	−0.100%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0082%	4h	0.2397	+0.067%	$4.1M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2400	+0.180%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2398	+0.094%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.017%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2393	−0.100%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2394	−0.042%	$134K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2397	+0.067%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2400	+0.175%	$7.4M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2395	+0.004%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2399	+0.160%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2394	−0.077%	$17.8M	$100.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2393	−0.096%	$16.6M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2393	−0.100%	$6.0M	$30.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2396	+0.025%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2396	+0.025%	$21.4M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2394	−0.058%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2396	+0.025%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2405	+0.410%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2401	+0.219%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2400	+0.192%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2392	−0.142%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	−0.067%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	−0.058%	$166K	$718K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2393	−0.097%	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2395	−0.028%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0208% / S −0.1156%	1h	0.2396	+0.026%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2396	+0.025%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2395	−0.017%	$981K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0378%	1h	0.2396	+0.020%	$627K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2395	−0.019%	$0	—	15x	as long as short