Funding you earn now, next payment 23:00 UTC−0.0092%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h +3.935%
Price spread now: Popdex against GMX−0.060%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Popdex is 0.060% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WIF/USD [WBTC.b-USDC] | 0.2392 | L +0.0188% / S −0.1013% | pay 0.0023% / 1h | 47m 46s | $4K | — | 100x |
| Short | Popdex WIFUSDT | 0.2391 | 0.0096 | get 0.0012% / 1h | 47m 46s | $53K | $483K | 20x |
GMX WIF/USD [WBTC.b-USDC]
Popdex WIFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.23
- Price spread: −0.060% → 0.000%
- −$6.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$43.65
- Costs to cover
- 0.184%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Popdex: live order book, 36 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 GMX no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 36 min ago | 2.10 bp | 68.7 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERP | −0.0199% | 1h | 0.2392 | −0.006% | $75K | $235K | 10x | as long as short |
| KuCoin WIFUSDTM | −0.0114% | 4h | 0.2393 | +0.023% | $4.3M | $11.3M | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2394 | +0.056% | $18K | $582 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2393 | +0.023% | $47K | $289K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2393 | +0.008% | $15K | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | +0.107% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDC | +0.0091% | 4h | 0.2392 | −0.018% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2394 | +0.065% | $133K | $545K | 10x | as long as short |
| Popdex WIFUSDTshort | +0.0096% | 1h | 0.2391 | −0.060% | $53K | $483K | 20x | |
| Aster WIFUSDT | +0.0096% | 4h | 0.2392 | −0.011% | $25K | $255K | 10x | as long as short |
Backpack WIF_USDC_PERP
KuCoin WIFUSDTM
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Orderly PERP_WIF_USDC
Lighter WIF
Aster WIFUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WIF | +0.0100% | 1h | 0.2397 | +0.170% | $7.4M | $4.0M | 5x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2395 | +0.093% | $76K | $49K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2394 | +0.065% | $17.7M | $99.8M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2393 | +0.019% | $16.7M | $34.8M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2392 | −0.018% | $6.1M | $30.6M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2393 | +0.023% | $1.2M | $6.9M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2392 | −0.018% | $21.4M | $10.6M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2393 | +0.023% | $7.3M | $11.6M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2389 | −0.144% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2388 | −0.173% | $68K | $65K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2388 | −0.199% | $266K | $1.8M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2391 | −0.060% | $42K | $618K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2387 | −0.227% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2392 | +0.003% | $549 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2389 | −0.144% | $165K | $714K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2391 | −0.054% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2392 | +0.003% | $80K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC]long | L +0.0188% / S −0.1013% | 1h | 0.2392 | long leg | $4K | — | 100x | |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2396 | +0.149% | $314K | $2.3M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2390 | −0.102% | $966K | $701K | 75x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0378% | 1h | 0.2394 | +0.086% | $630K | $2.1M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2391 | −0.046% | $0 | — | 15x | as long as short |
Hyperliquid WIF
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Coinbase International WIF-PERP-INTX
BloFin WIF-USDT
Kraken Futures PF_WIFUSD
Reya WIFRUSDPERP