Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h +0.024%

Price spread now: SunX against Kraken Futures−0.184%7-day average −0.235% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2082.082% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.184%, 7d avg −0.235%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.051% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.184% now, against its 7-day average of −0.235%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2507	0.0259	pay 0.0032% / 1h	12m 09s	$651K	$2.3M	50x
Short	SunX WIF-USDT	0.2502	0.0100	get 0.0050% / 4h	12m 09s	$2K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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 Kraken FuturesbpFee SunXbpOrdersPrice spread, now −0.184%Rate

Funding earned: −$33.33
Price spread: −0.184% → −0.235%: $5.09
Slippage, 4 orders: −$190.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$236.47
Costs to cover: 2.082%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; SunX: live order book, 5 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 Kraken Futures live order book, 1 min ago	7.99 bp	19.5 bp −$20	41.3 bp −$413	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	34.10 bp	64.9 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
BloFin WIF-USDT	−0.0185%	4h	0.2498	−0.344%	$1.0M	$834K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0047%	1h	0.2505	−0.080%	$77K	$295K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2501	−0.243%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2505	−0.051%	$810	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.461%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2507	+0.027%	$139K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2502	−0.184%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2503	−0.161%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2501	−0.209%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2506	−0.026%	$18.9M	$119.3M	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	0.2504	−0.104%	$17.1M	$40.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2505	−0.064%	$6.0M	$36.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2504	−0.104%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2505	−0.064%	$23.1M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2505	−0.064%	$4.5M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2506	−0.024%	$7.6M	$13.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2500	−0.264%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2494	−0.501%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2491	−0.623%	$278K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	−0.703%	$46K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2506	−0.024%	$5K	$1.3M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2502	−0.184%	$2K	$2.9M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2505	−0.044%	$583	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2499	−0.304%	$166K	$701K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2506	−0.042%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2506	−0.022%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0130% / S −0.0010%	1h	0.2506	−0.027%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0149%	1h	0.2507	+0.015%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0259%	1h	0.2507	long leg	$651K	$2.3M	50x
Hyperliquid WIF	+0.0320%	1h	0.2509	+0.111%	$8.2M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2509	+0.095%	$331K	$2.8M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2504	−0.101%	$1	—	15x	as long as short