Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%

Price spread now: Popdex against Gate+0.080%7-day average +0.023% · 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−$185as in the Price arb table

costs, in and out, $10k−$1911.906% of the position

Long on Gate Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.080%, 7d avg +0.023%

Together, before fees−0.069%−$7 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: Popdex is 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2488	0.0100	pay 0.0050% / 4h	1h 09m	$1.2M	$7.6M	50x
Short	Popdex WIFUSDT	0.2490	0.0096	get 0.0012% / 1h	9m 27s	$57K	$497K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Gate. 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 GatebpFee PopdexbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$0.84
Price spread: +0.080% → +0.023%: $5.77
Slippage, 4 orders: −$169.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$185.71
Costs to cover: 1.906%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Popdex: live order book, 54 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 Gate live order book, 4 min ago	2.01 bp	26.4 bp −$26	56.1 bp −$561	83.9 bp −$8,393	doesn't fit
Sell Popdex live order book, 54 min ago	4.04 bp	76.8 bp −$77	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
BloFin WIF-USDT	−0.0187%	4h	0.2492	+0.161%	$784K	$834K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2488	−0.019%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2488	0.000%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2489	+0.055%	$805	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.723%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2490	+0.096%	$140K	$628K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2490	+0.080%	$57K	$497K	20x
Aster WIFUSDT	+0.0100%	4h	0.2489	+0.039%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2489	+0.026%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2489	+0.048%	$19.1M	$115.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2487	−0.028%	$17.1M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2488	0.000%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2488	long leg	$1.2M	$7.6M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2488	0.000%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2487	−0.040%	$4.7M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2487	−0.040%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2488	0.000%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2485	−0.125%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2489	+0.041%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2496	+0.330%	$281K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2496	+0.322%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2488	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2484	−0.161%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2488	+0.004%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2494	+0.241%	$167K	$694K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2486	−0.086%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	−0.051%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2489	+0.035%	$652K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0148% / S −0.0022%	1h	0.2487	−0.040%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2492	+0.161%	$334K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0324%	1h	0.2493	+0.203%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	−0.040%	$0	—	15x	as long as short