Spread before costs (cost unknown: a leg has no order-book sample)−0.390%
7d average—if it closes, per $10,000$39funding while held, a day+$5.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2473 | −0.0636 | get 0.0080% / 1h | 57m 04s | $84K | $197K | 10x |
| Short | GMX WIF/USD [WBTC.b-USDC] | 0.2463 | L −2.1804% / S +0.0456% | pay 0.0057% / 1h | 57m 04s | $466 | — | 100x |
Backpack WIF_USDC_PERP
GMX WIF/USD [WBTC.b-USDC]Price 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
- −$39.02
- Funding while held
- $5.4
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$55.62
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0180%
- Per $10,000 a day
- +$5.40
- 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, 8 min ago | 1.23 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.2436cheapestdYdX0.2453+0.673%HTX0.2453+0.693%ApeX Omni0.2455+0.775%Injective0.2455+0.775%Pacifica0.2460+0.999%Popdex0.2462+1.062%Orderly0.2462+1.062%Deribit0.2462+1.062%gTrade (Gains Network)0.2462+1.079%SoDEX0.2462+1.083%Reya0.2463+1.108%Aevo0.2463+1.109%
Variational Omni
dYdX
HTX
ApeX Omni
Injective
Pacifica
Popdex
Orderly
Deribit
gTrade (Gains Network)
SoDEX
Reya
AevoGMX0.2463+1.118%
Coinbase International0.2464+1.144%SunX0.2465+1.185%Aster0.2466+1.212%Lighter0.2469+1.333%KuCoin0.2469+1.350%BloFin0.2469+1.350%Kraken Futures0.2470+1.404%MEXC0.2471+1.432%Bybit0.2471+1.440%Gate0.2472+1.473%Extended0.2472+1.489%Bitget0.2473+1.514%
Coinbase International
SunX
Aster
Lighter
KuCoin
BloFin
Kraken Futures
MEXC
Bybit
Gate
Extended
BitgetBackpack0.2473+1.514%
OKX0.2475+1.596%BingX0.2475+1.596%Binance0.2475+1.614%Hyperliquid0.2479+1.748%
OKX
BingX
Binance
HyperliquidWIF on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni WIF | −1.491% | −0.0374% | 4h | $69K | $47K | — | as long as short |
| dYdX WIF-USD | −0.829% | 0.0000% | 1h | $18K | $582 | 10x | as long as short |
| HTX WIF-USDT | −0.809% | +0.0100% | 4h | $228K | $513K | 75x | as long as short |
| ApeX Omni WIFUSDT | −0.728% | +0.0076% | 1h | $53K | $584K | 25x | as long as short |
| Injective WIF/USDC PERP | −0.728% | −0.0229% | 1h | $12K | $82K | 12x | as long as short |
| Pacifica WIF | −0.507% | +0.0100% | 1h | $76K | $27K | 5x | as long as short |
| Popdex WIFUSDT | −0.445% | +0.0096% | 1h | $51K | $465K | 20x | as long as short |
| Orderly PERP_WIF_USDC | −0.445% | +0.0028% | 4h | $5K | $1.3M | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.445% | −0.0156% | 1h | $77K | $235K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | −0.429% | L +0.0002% / S −0.0001% | 1h | $19K | — | 150x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX WIF-USD | −0.425% | +0.0100% | 1h | $557 | $5K | 5x | as long as short |
| Reya WIFRUSDPERP | −0.399% | +0.0558% | 1h | $0 | — | 15x | as long as short |
| Aevo WIF-PERP | −0.399% | +0.0080% | 1h | $82K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC]short | −0.390% | L −2.1804% / S +0.0456% | 1h | $466 | — | 100x | |
| Coinbase International WIF-PERP-INTX | −0.364% | +0.0152% | 1h | $321K | $1.5M | 50x | as long as short |
| SunX WIF-USDT | −0.323% | +0.0100% | 4h | $2K | $2.1M | 50x | as long as short |
| Aster WIFUSDT | −0.298% | −0.0043% | 4h | $20K | $104K | 10x | as long as short |
| Lighter WIF | −0.178% | +0.0096% | 1h | $141K | $209K | 10x | as long as short |
| KuCoin WIFUSDTM | −0.162% | +0.0100% | 4h | $3.9M | $7.8M | 75x | as long as short |
| BloFin WIF-USDT | −0.162% | +0.0227% | 4h | $1.0M | $569K | 75x | as long as short |
| Kraken Futures PF_WIFUSD | −0.108% | +0.0071% | 1h | $637K | $1.1M | 50x | as long as short |
| MEXC WIF_USDT | −0.081% | −0.0016% | 4h | $23.1M | $7.6M | 50x | as long as short |
| Bybit WIFUSDT | −0.073% | −0.0130% | 4h | $17.2M | $25.8M | 50x | as long as short |
| Gate WIF_USDT | −0.040% | +0.0082% | 4h | $1.2M | $4.1M | 50x | as long as short |
| Extended WIF-USD | −0.024% | −0.0016% | 1h | $13K | $150K | 25x | as long as short |
| Bitget WIFUSDT | 0.000% | +0.0100% | 4h | $7.4M | $4.9M | 50x | as long as short |
| Backpack WIF_USDC_PERPlong | 0.000% | −0.0636% | 1h | $84K | $197K | 10x | |
| OKX WIF-USDT-SWAP | +0.081% | +0.0100% | 4h | $6.5M | $19.6M | 50x | as long as short |
| BingX WIF-USDT | +0.081% | +0.0100% | 4h | — | $61.7M | — | as long as short |
| Binance WIFUSDT | +0.099% | −0.0013% | 4h | $18.3M | $57.1M | 75x | as long as short |
| Hyperliquid WIF | +0.230% | +0.0806% | 1h | $7.4M | $3.5M | 5x | as long as short |