Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%
Price spread now: Deribit against Bybit0.000%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now 0.000%, 7d avg +0.013%
=The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WIFUSDT | 0.2516 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $17.3M | $58.5M | 50x |
| Short | Deribit WIF_USDC-PERPETUAL | 0.2516 | 0 | get 0.0000% / 1h | 53m 11s | $33K | $255K | 25x |
Bybit WIFUSDT
Deribit WIF_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: 0.000% → +0.013%
- −$1.35
- Slippage, 4 orders
- −$26.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$66.81
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Deribit: live order book, 58 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 Bybit live order book, 4 min ago | 1.97 bp | 12.3 bp −$12 | 31.7 bp −$317 | 161.1 bp −$16.1K | doesn't fit |
| Sell Deribit live order book, 58 min ago | 3.90 bp | 7.4 bp −$7 | 22.4 bp −$224 | doesn't fit | doesn't fit |
WIF on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −0.0389% | 1h | 0.2559 | +1.709% | $10K | $28K | 12x | as long as short |
| BloFin WIF-USDT | −0.0140% | 4h | 0.2517 | +0.040% | $1.1M | $1.1M | 75x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L −0.0117% / S +0.0179% | 1h | 0.2514 | −0.064% | $9K | — | 100x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2515 | −0.026% | $13K | $587 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUALshort | 0.0000% | 1h | 0.2516 | 0.000% | $33K | $255K | 25x | |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2516 | −0.017% | $4K | — | 150x | as long as short |
| Backpack WIF_USDC_PERP | +0.0017% | 1h | 0.2513 | −0.103% | $85K | $363K | 10x | as long as short |
| Orderly PERP_WIF_USDC | +0.0095% | 4h | 0.2515 | −0.040% | $5K | $1.0M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2519 | +0.115% | $140K | $878K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2516 | 0.000% | $53K | $634K | 20x | as long as short |
Injective WIF/USDC PERP
BloFin WIF-USDT
GMX WIF/USD [WBTC.b-USDC]
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Backpack WIF_USDC_PERP
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WIF | +0.0100% | 1h | 0.2516 | +0.004% | $9.9M | $9.5M | 5x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2517 | +0.024% | $32K | $420K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2517 | +0.050% | $78K | $97K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2517 | +0.040% | $20.2M | $172.9M | 75x | as long as short |
| Bybit WIFUSDTlong | +0.0100% | 4h | 0.2516 | long leg | $17.3M | $58.5M | 50x | |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2516 | 0.000% | $6.2M | $51.2M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2516 | 0.000% | $1.2M | $12.6M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2515 | −0.040% | $22.4M | $15.0M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2515 | −0.040% | $3.8M | $18.5M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2516 | 0.000% | $7.6M | $19.5M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2516 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2525 | +0.352% | $77K | $366K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2520 | +0.156% | $284K | $3.3M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2525 | +0.358% | $36K | $646K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2511 | −0.199% | $1K | $3.2M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2516 | 0.000% | $3K | $6K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2514 | −0.079% | $156K | $1.0M | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2514 | −0.063% | $9K | $263K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2515 | −0.060% | $84K | — | 3x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0552% | 1h | 0.2522 | +0.238% | $341K | $4.0M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2514 | −0.074% | $1 | — | 15x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0570% | 1h | 0.2518 | +0.085% | $647K | $3.0M | 50x | as long as short |
Hyperliquid WIF
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP
Kraken Futures PF_WIFUSD