WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0500%/8h= +54.8% APRnext payment +$2.50 per $10,000 · paid last 24h +0.011%

Price spread now: SunX against Gate−0.796%7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2092.088% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.892%+$89 · spread now −0.796%, 7d avg −0.187%

Together, before fees+0.975%+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.610% cheaper against Gate than usual: you would sell low and buy high (spread −0.796% now, against its 7-day average of −0.187%). If the spread goes back, that is −$61 on $10k: about 4.1 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.083% in total) that is about 51 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2512	−0.0400	get 0.0200% / 4h	3h 35m	$1.3M	$11.5M	50x
Short	SunX WIF-USDT	0.2492	0.0100	get 0.0050% / 4h	3h 35m	$2K	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.796%Rate

Funding earned: $105
Price spread: −0.796% → −0.187%: −$60.95
Slippage, 4 orders: −$185.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$164.73
Costs to cover: 2.088%
Break-even: 18.0 days

Slippage from Gate: live order book, 3 min ago; SunX: live order book, 2 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, 3 min ago	4.00 bp	20.4 bp −$20	60.2 bp −$602	93.2 bp −$9,325	doesn't fit
Sell SunX live order book, 2 min ago	33.97 bp	64.6 bp −$65	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
Gate WIF_USDTlong	−0.0400%	4h	0.2512	long leg	$1.3M	$11.5M	50x
GMX WIF/USD [WBTC.b-USDC]	L −0.0384% / S +0.0317%	1h	0.2497	−0.611%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2504	−0.318%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2510	−0.060%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2498	−0.557%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2496	−0.625%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2499	−0.518%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2515	+0.115%	$146K	$826K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2495	−0.677%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2510	−0.076%	$10.1M	$9.1M	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	0.2511	−0.022%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2512	−0.008%	$78K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2513	+0.055%	$19.9M	$166.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2515	+0.119%	$17.5M	$55.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2513	+0.040%	$5.9M	$48.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2514	+0.080%	$24.4M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2513	+0.040%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2513	+0.040%	$7.6M	$18.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2508	−0.159%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2505	−0.267%	$99K	$343K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	−0.594%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2491	−0.833%	$276K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2501	−0.438%	$35K	$653K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2492	−0.796%	$2K	$3.3M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2498	−0.537%	$578	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2494	−0.717%	$153K	$943K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2513	+0.033%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2498	−0.553%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2497	−0.597%	$340K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	−0.119%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2498	−0.563%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0740%	1h	0.2500	−0.494%	$641K	$3.0M	50x	as long as short