WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.094%

Price spread now: Popdex against Deribit0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1411.414% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.298%+$30 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Popdex is 0.031% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.031%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.298%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2454	0.0158	pay 0.0020% / 1h	49m 39s	$33K	$274K	25x
Short	Popdex WIFUSDT	0.2454	0.0096	get 0.0012% / 1h	49m 39s	$53K	$570K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Deribit. 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 DeribitbpFee PopdexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$12.95
Price spread: 0.000% → +0.031%: −$3.12
Slippage, 4 orders: −$127.96
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$157.43
Costs to cover: 1.414%
Break-even: never at this rate

Slippage from Deribit: live order book, 59 min ago; Popdex: live order book, 59 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 Deribit live order book, 59 min ago	6.12 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 59 min ago	4.08 bp	51.4 bp −$51	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	0.000%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2441	−0.530%	$982K	$921K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2452	−0.101%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2451	−0.107%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0063% / S +0.0250%	1h	0.2451	−0.127%	$21K	—	100x	as long as short
Backpack WIF_USDC_PERP	+0.0089%	1h	0.2456	+0.069%	$73K	$293K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2453	−0.033%	$142K	$700K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2454	0.000%	$53K	$570K	20x
Hyperliquid WIF	+0.0100%	1h	0.2455	+0.037%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2452	−0.081%	$31K	$350K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2452	−0.096%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2452	−0.098%	$18.6M	$142.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2449	−0.187%	$16.5M	$47.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2448	−0.244%	$5.5M	$41.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2453	−0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2449	−0.204%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2453	−0.041%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2450	−0.163%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2452	−0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	−0.363%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2439	−0.596%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2435	−0.774%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2453	−0.041%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2449	−0.204%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2455	+0.020%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2451	−0.122%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2451	−0.129%	$10K	$159K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2453	−0.035%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUALlong	+0.0158%	1h	0.2454	long leg	$33K	$274K	25x
Kraken Futures PF_WIFUSD	+0.0348%	1h	0.2455	+0.026%	$629K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2452	−0.081%	$323K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2452	−0.077%	$0	—	15x	as long as short