WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.143%

Price spread now: Backpack against gTrade (Gains Network)+0.109%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.109% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2384	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	33m 00s	—	—	150x
Short	Backpack WIF_USDC_PERP	0.2386	−0.0016	pay 0.0002% / 1h	33m 00s	$73K	$317K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$3.77
Price spread: +0.109% → 0.000%: $10.91
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$12.86
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 15 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 15 min ago	0.20 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin WIF-USDT	−0.0140%	4h	0.2389	+0.218%	$996K	$890K	75x	as long as short
Backpack WIF_USDC_PERPshort	−0.0016%	1h	0.2386	+0.109%	$73K	$317K	10x
dYdX WIF-USD	0.0000%	1h	0.2379	−0.217%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2385	+0.050%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2384	long leg	—	—	150x
GMX WIF/USD [WBTC.b-USDC]	L +0.0093% / S +0.0032%	1h	0.2385	+0.033%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2387	+0.113%	$143K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2382	−0.076%	$51K	$569K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2388	+0.164%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2387	+0.116%	$29K	$330K	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	0.2378	−0.226%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2387	+0.116%	$18.5M	$138.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2385	+0.067%	$16.2M	$45.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2386	+0.092%	$5.4M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2387	+0.134%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2387	+0.134%	$21.5M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2386	+0.092%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2388	+0.176%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2384	+0.008%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	+0.391%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.587%	$277K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2402	+0.763%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2385	+0.050%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2381	−0.117%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2384	+0.029%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2381	−0.117%	$158K	$827K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2387	+0.118%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2384	+0.013%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0251%	1h	0.2386	+0.097%	$619K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2383	−0.034%	$319K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2385	+0.035%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.596%	$10K	$10K	12x	as long as short