Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: SunX against Bybit−0.040%7-day average −0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1901.900% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now −0.040%, 7d avg −0.156%

Together, before fees−0.009%−$1 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 0.116% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2489	0.0100	pay 0.0050% / 4h	3h 26m	$17.2M	$36.9M	50x
Short	SunX WIF-USDT	0.2488	0.0100	get 0.0050% / 4h	3h 26m	$2K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.156%: $11.61
Slippage, 4 orders: −$171
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$178.38
Costs to cover: 1.900%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 11 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, 2 min ago	2.02 bp	12.8 bp −$13	33.6 bp −$336	154.9 bp −$15.5K	doesn't fit
Sell SunX live order book, 11 min ago	34.28 bp	65.2 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
Backpack WIF_USDC_PERP	−0.0312%	1h	0.2491	+0.076%	$76K	$254K	10x	as long as short
Gate WIF_USDT	−0.0204%	4h	0.2489	0.000%	$1.2M	$7.2M	50x	as long as short
KuCoin WIFUSDTM	−0.0034%	4h	0.2488	−0.040%	$4.4M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2486	−0.139%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2492	+0.121%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2493	+0.141%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.763%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2493	+0.179%	$654K	$2.2M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2493	+0.173%	$143K	$588K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2490	+0.040%	$56K	$483K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0096%	4h	0.2491	+0.080%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2492	+0.127%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2484	−0.195%	$77K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2492	+0.116%	$19.1M	$107.2M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2489	long leg	$17.2M	$36.9M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2489	0.000%	$6.0M	$33.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2491	+0.080%	$22.5M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	+0.080%	$7.7M	$12.1M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2489	0.000%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	−0.076%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2492	+0.120%	$281K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	+0.241%	$43K	$632K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2488	−0.040%	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2492	+0.121%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2488	−0.040%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2489	−0.012%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2492	+0.106%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0185%	1h	0.2496	+0.297%	$8.0M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2492	+0.140%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2494	+0.201%	$334K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2495	+0.241%	$1.0M	$747K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2488	−0.035%	$0	—	15x	as long as short