Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Popdex against KuCoin+0.079%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1891.893% of the position

Long on KuCoin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.079%, 7d avg +0.035%

Together, before fees+0.039%+$4 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 0.044% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2533	0.0100	pay 0.0050% / 4h	3h 06m	$4.3M	$15.4M	75x
Short	Popdex WIFUSDT	0.2535	0.0096	get 0.0012% / 1h	6m 23s	$53K	$564K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against KuCoin. 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 KuCoinbpFee PopdexbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$0.84
Price spread: +0.079% → +0.035%: $4.37
Slippage, 4 orders: −$170.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$185.78
Costs to cover: 1.893%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Popdex: live order book, 48 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 KuCoin live order book, 7 min ago	3.95 bp	30.6 bp −$31	73.6 bp −$736	doesn't fit	doesn't fit
Sell Popdex live order book, 48 min ago	3.93 bp	66.9 bp −$67	329.4 bp −$3,294	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	−0.0192%	4h	0.2536	+0.118%	$1.1M	$906K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2533	−0.018%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2533	+0.012%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.869%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2536	+0.111%	$145K	$653K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2535	+0.079%	$53K	$564K	20x
Aster WIFUSDT	+0.0100%	4h	0.2534	+0.047%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2535	+0.095%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2535	+0.063%	$20.1M	$130.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2533	+0.012%	$17.4M	$43.3M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2534	+0.039%	$6.1M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2531	−0.079%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2533	0.000%	$23.3M	$11.7M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2533	long leg	$4.3M	$15.4M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2533	0.000%	$7.7M	$14.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2528	−0.197%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2531	−0.067%	$75K	$307K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2542	+0.356%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2515	−0.703%	$283K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2519	−0.553%	$46K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2535	+0.079%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2530	−0.118%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2534	+0.039%	$592	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2527	−0.237%	$167K	$736K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2534	+0.033%	$11K	$115K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2534	+0.021%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0106% / S +0.0024%	1h	0.2533	+0.011%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0145%	1h	0.2534	+0.039%	$34K	$272K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2534	+0.039%	$339K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0363%	1h	0.2535	+0.059%	$661K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2534	+0.022%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0769%	1h	0.2540	+0.284%	$8.7M	$5.3M	5x	as long as short