Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against HTX−0.161%7-day average −0.489% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2472.465% of the position

Long on HTX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.317%−$32 · spread now −0.161%, 7d avg −0.489%

Together, before fees−0.384%−$38 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 0.328% dearer against HTX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.489%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2486	0.0100	pay 0.0050% / 4h	18m 31s	$166K	$699K	75x
Short	Popdex WIFUSDT	0.2482	0.0096	get 0.0012% / 1h	18m 31s	$57K	$497K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against HTX. 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 HTXbpFee PopdexbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$0.84
Price spread: −0.161% → −0.489%: $32.78
Slippage, 4 orders: −$228.15
Fee HTX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$214.6
Costs to cover: 2.465%
Break-even: never at this rate

Slippage from HTX: live order book, 40 min ago; Popdex: live order book, 40 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 HTX live order book, 40 min ago	8.07 bp	69.5 bp −$69	433.0 bp −$4,330	doesn't fit	doesn't fit
Sell Popdex live order book, 40 min ago	6.04 bp	40.8 bp −$41	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	−0.0186%	4h	0.2486	0.000%	$997K	$830K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0145%	1h	0.2482	−0.157%	$76K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2481	−0.220%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2483	−0.106%	$802	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.644%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2483	−0.105%	$138K	$631K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2482	−0.161%	$57K	$497K	20x
Aster WIFUSDT	+0.0100%	4h	0.2481	−0.182%	$32K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2482	−0.181%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2481	−0.194%	$18.7M	$118.9M	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	0.2481	−0.201%	$16.9M	$39.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2481	−0.201%	$5.9M	$36.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2481	−0.201%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2480	−0.241%	$22.9M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2481	−0.201%	$4.5M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2482	−0.161%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2480	−0.241%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2480	−0.240%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2489	+0.131%	$283K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2483	−0.121%	$45K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2484	−0.080%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2476	−0.402%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2485	−0.060%	$578	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2486	long leg	$166K	$699K	75x
Extended WIF-USD	+0.0104%	1h	0.2480	−0.248%	$8K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2485	−0.060%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0132% / S −0.0011%	1h	0.2484	−0.098%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2484	−0.080%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0261%	1h	0.2485	−0.022%	$646K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0290%	1h	0.2486	+0.012%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2484	−0.080%	$326K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2483	−0.118%	$0	—	15x	as long as short