Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: SunX against Binance−0.475%46s7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as 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−$1761.762% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 3 days (all we have)+0.330%+$33 · spread now −0.475%, 7d avg −0.177%

Together, before fees+0.377%+$38 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: SunX is 0.298% cheaper against Binance than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.177%. The two prices were read 46 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	Binance WIFUSDT	0.2445	0.0100	pay 0.0050% / 4h	1h 06m	$18.3M	$101.3M	75x
Short	SunX WIF-USDT	0.2433	0.0100	get 0.0050% / 4h	1h 06m	$2K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.475%Rate

Funding earned: $0
Price spread: −0.475% → −0.177%: −$29.78
Slippage, 4 orders: −$158.21
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$205.99
Costs to cover: 1.762%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; SunX: live order book, 10 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 Binance live order book, 6 min ago	2.06 bp	10.4 bp −$10	26.2 bp −$262	117.2 bp −$11.7K	doesn't fit
Sell SunX live order book, 10 min ago	33.04 bp	62.3 bp −$62	doesn't fit	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_PERP	−0.0294%	1h	0.2437	−0.307%	$75K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0028%	4h	0.2439	−0.229%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2440	−0.201%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2437	−0.311%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2437	−0.331%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.029%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2437	−0.311%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2441	−0.147%	$133K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	+0.057%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2449	+0.163%	$7.6M	$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	0.2441	−0.151%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2441	−0.157%	$77K	$49K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2445	long leg	$18.3M	$101.3M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2443	−0.066%	$16.9M	$35.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	+0.016%	$6.1M	$31.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2442	−0.106%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2443	−0.066%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2446	+0.057%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2439	−0.229%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.999%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2433	−0.486%	$277K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2433	−0.475%	$43K	$619K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2433	−0.475%	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2437	−0.327%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2435	−0.393%	$169K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2444	−0.024%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2436	−0.340%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0237% / S −0.1355%	1h	0.2437	−0.319%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2440	−0.188%	$320K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2437	−0.311%	$982K	$718K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0371%	1h	0.2439	−0.220%	$637K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.023%	$0	—	15x	as long as short