WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0404%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h −0.201%

Price spread now: Backpack against Extended+0.005%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$38 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now +0.005%, 7d avg −0.033%

Together, before fees−0.035%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.038% dearer against Extended than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.033%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.375% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2392	0.0104	pay 0.0013% / 1h	30m 22s	$10K	$153K	25x
Short	Backpack WIF_USDC_PERP	0.2392	−0.0300	pay 0.0038% / 1h	30m 22s	$76K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$84.92
Price spread: +0.005% → −0.033%: $3.83
Slippage, 4 orders: −$39.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$135.48
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from Extended: live order book, 50 min ago; Backpack: live order book, 53 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 Extended live order book, 50 min ago	6.31 bp	18.8 bp −$19	123.5 bp −$1,235	doesn't fit	doesn't fit
Sell Backpack live order book, 53 min ago	0.21 bp	7.6 bp −$8	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_PERPshort	−0.0300%	1h	0.2392	+0.005%	$76K	$239K	10x
Deribit WIF_USDC-PERPETUAL	−0.0168%	1h	0.2393	+0.039%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0080%	4h	0.2392	−0.003%	$4.1M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2394	+0.064%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2394	+0.064%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	+0.122%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2392	−0.003%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2393	+0.039%	$134K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2392	−0.003%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2396	+0.152%	$7.4M	$4.0M	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	0.2393	+0.033%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2393	+0.040%	$75K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2393	+0.039%	$17.8M	$100.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2392	+0.001%	$16.6M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2393	+0.039%	$6.0M	$30.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2393	+0.039%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2392	−0.003%	$21.4M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2393	+0.039%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2394	+0.080%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2396	+0.152%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2401	+0.358%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2400	+0.331%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2392	−0.003%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	+0.072%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	+0.080%	$166K	$718K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2392	long leg	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2394	+0.089%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0209% / S −0.1166%	1h	0.2394	+0.065%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2396	+0.164%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2395	+0.122%	$981K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0378%	1h	0.2396	+0.159%	$627K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2392	−0.016%	$0	—	15x	as long as short