Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX−0.200%7-day average −0.208% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1831.830% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.344%+$34 · spread now −0.200%, 7d avg −0.208%

Together, before fees+0.344%+$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2505	0.0100	pay 0.0050% / 4h	3h 26m	—	$27.5M	—
Short	SunX WIF-USDT	0.2500	0.0100	get 0.0050% / 4h	3h 26m	$2K	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → −0.208%: $0.79
Slippage, 4 orders: −$165
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$182.2
Costs to cover: 1.830%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; SunX: live order book, 12 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 BingX live order book, 13 min ago	4.00 bp	10.8 bp −$11	20.9 bp −$209	98.0 bp −$9,796	505.0 bp −$252.5K
Sell SunX live order book, 12 min ago	33.97 bp	64.6 bp −$65	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0430% / S +0.0327%	1h	0.2504	−0.058%	$19K	—	100x	as long as short
Gate WIF_USDT	−0.0350%	4h	0.2502	−0.120%	$1.3M	$11.6M	50x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2503	−0.080%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2504	−0.020%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2504	−0.040%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2494	−0.443%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2503	−0.080%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2504	−0.028%	$145K	$834K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2505	0.000%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2504	−0.054%	$10.1M	$9.2M	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	0.2503	−0.082%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2503	−0.064%	$77K	$90K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2503	−0.079%	$19.9M	$166.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2502	−0.132%	$17.4M	$56.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2500	−0.200%	$5.9M	$48.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2503	−0.080%	$24.1M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2503	−0.080%	$3.9M	$18.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2502	−0.120%	$7.6M	$18.3M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2505	long leg	—	$27.5M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2502	−0.112%	$81K	$355K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	−0.675%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2484	−0.856%	$286K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	−0.639%	$35K	$654K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2500	−0.200%	$2K	$3.3M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2504	−0.060%	$579	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2503	−0.080%	$154K	$947K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2501	−0.169%	$12K	$212K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2501	−0.172%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2508	+0.120%	$355K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.160%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2502	−0.116%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0739%	1h	0.2504	−0.032%	$641K	$3.0M	50x	as long as short