Funding you earn now, next payment 02:00 UTC−0.0118%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against Hyperliquid−0.265%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.265%, 7d avg −0.092%
=Together, before fees+0.047%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.173% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WIF | 0.2488 | 0.0222 | pay 0.0028% / 1h | 25m 40s | $8.0M | $4.7M | 5x |
| Short | Extended WIF-USD | 0.2481 | 0.0104 | get 0.0013% / 1h | 25m 40s | $11K | $155K | 25x |
Hyperliquid WIF
Extended WIF-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- −$24.85
- Price spread: −0.265% → −0.092%
- −$17.33
- Slippage, 4 orders
- −$50.39
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$106.57
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Extended: 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 Hyperliquid live order book, 7 min ago | 2.22 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 40 min ago | 8.07 bp | 19.6 bp −$20 | 100.4 bp −$1,004 | doesn't fit | doesn't fit |
WIF on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −0.0783% | 1h | 0.2470 | −0.720% | $11K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0074% | 1h | 0.2490 | +0.074% | $646K | $2.3M | 50x | as long as short |
| Gate WIF_USDT | −0.0048% | 4h | 0.2481 | −0.278% | $1.2M | $7.4M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2480 | −0.335% | $19K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2489 | +0.043% | $49K | $276K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2488 | +0.017% | $804 | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0040% | 4h | 0.2480 | −0.318% | $4.5M | $13.1M | 75x | as long as short |
| Backpack WIF_USDC_PERP | +0.0068% | 1h | 0.2487 | −0.037% | $79K | $272K | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2486 | −0.081% | $140K | $624K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2493 | +0.204% | $57K | $497K | 20x | as long as short |
Injective WIF/USDC PERP
Kraken Futures PF_WIFUSD
Gate WIF_USDT
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Backpack WIF_USDC_PERP
Lighter WIF
Popdex WIFUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2488 | +0.003% | $5K | $1.3M | 10x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2488 | +0.005% | $35K | $274K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2482 | −0.240% | $77K | $54K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2482 | −0.238% | $18.9M | $112.5M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2480 | −0.318% | $17.0M | $38.2M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2481 | −0.278% | $5.9M | $34.9M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2481 | −0.278% | $22.3M | $11.1M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2483 | −0.198% | $7.5M | $12.4M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2483 | −0.198% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2486 | −0.074% | $76K | $70K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2470 | −0.720% | $274K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2475 | −0.519% | $43K | $628K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2488 | +0.003% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2489 | +0.047% | $569 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2486 | −0.077% | $170K | $727K | 75x | as long as short |
| Extended WIF-USDshort | +0.0104% | 1h | 0.2481 | −0.265% | $11K | $155K | 25x | |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2489 | +0.035% | $83K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0172% / S −0.0038% | 1h | 0.2488 | −0.006% | $8K | — | 100x | as long as short |
| Hyperliquid WIFlong | +0.0222% | 1h | 0.2488 | long leg | $8.0M | $4.7M | 5x | |
| Coinbase International WIF-PERP-INTX | +0.0304% | 1h | 0.2492 | +0.164% | $329K | $2.6M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2489 | +0.048% | $0 | — | 15x | as long as short |
Orderly PERP_WIF_USDC
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
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
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP