WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0452%/8h= −49.5% APRnext payment −$0.56 per $10,000 · paid last 24h −0.063%

Price spread now: ApeX Omni against Coinbase International−0.278%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.278%, 7d avg −0.153%

Together, before fees−0.295%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and ApeX Omni is 0.124% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.153%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.289% in total (about -15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2522	0.0552	pay 0.0069% / 1h	49m 22s	$341K	$3.9M	50x
Short	ApeX Omni WIFUSDT	0.2515	0.0100	get 0.0013% / 1h	49m 22s	$36K	$646K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.278%Rate

Funding earned: −$94.92
Price spread: −0.278% → −0.153%: −$12.44
Slippage, 4 orders: −$48.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$175.8
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; ApeX Omni: live order book, 61 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 Coinbase International live order book, 3 min ago	9.94 bp	14.9 bp −$15	28.7 bp −$287	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 61 min ago	7.79 bp	16.6 bp −$17	99.2 bp −$992	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	+1.467%	$10K	$28K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0149%	1h	0.2507	−0.595%	$33K	$255K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2517	−0.198%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0117% / S +0.0179%	1h	0.2516	−0.224%	$9K	—	100x	as long as short
Backpack WIF_USDC_PERP	−0.0039%	1h	0.2506	−0.650%	$85K	$362K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2516	−0.227%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2516	−0.255%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2526	+0.159%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2516	−0.230%	$140K	$879K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2518	−0.159%	$53K	$633K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2520	−0.091%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2522	−0.001%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2511	−0.451%	$78K	$98K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2522	0.000%	$20.2M	$173.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2524	+0.087%	$17.3M	$58.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2525	+0.119%	$6.2M	$51.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2522	0.000%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2519	−0.119%	$22.5M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2520	−0.079%	$3.8M	$18.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2520	−0.079%	$7.6M	$19.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2517	−0.198%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2512	−0.402%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2515	−0.296%	$284K	$3.3M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2515	−0.278%	$36K	$646K	25x
SunX WIF-USDT	+0.0100%	4h	0.2503	−0.753%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2507	−0.579%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2505	−0.674%	$155K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2518	−0.152%	$9K	$263K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2507	−0.595%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0552%	1h	0.2522	long leg	$341K	$3.9M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2513	−0.371%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0572%	1h	0.2509	−0.529%	$643K	$3.0M	50x	as long as short