Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: SunX against KuCoin−0.121%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$2022.024% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.265%+$27 · spread now −0.121%, 7d avg −0.168%

Together, before fees+0.417%+$42 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: SunX is 0.047% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2482	0.0100	pay 0.0050% / 4h	1h 01m	$4.5M	$13.7M	75x
Short	SunX WIF-USDT	0.2479	0.0100	get 0.0050% / 4h	1h 01m	$2K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.168%: $4.7
Slippage, 4 orders: −$182.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$197.66
Costs to cover: 2.024%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 6 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, 2 min ago	2.02 bp	15.7 bp −$16	60.0 bp −$600	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	34.29 bp	65.2 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	−0.0183%	4h	0.2486	+0.161%	$1.0M	$837K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2484	+0.061%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2483	+0.040%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2483	+0.055%	$803	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.483%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2485	+0.125%	$139K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2484	+0.081%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2484	+0.068%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2485	+0.129%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2484	+0.063%	$19.1M	$115.3M	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	0.2481	−0.040%	$17.1M	$38.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2482	0.000%	$5.9M	$35.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2484	+0.081%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2483	+0.040%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2482	long leg	$4.5M	$13.7M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2483	+0.040%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2478	−0.161%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2480	−0.097%	$85K	$273K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.483%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2479	−0.121%	$274K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	−0.282%	$43K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2484	+0.081%	$5K	$1.3M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2479	−0.121%	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2483	+0.044%	$572	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	−0.081%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2482	+0.013%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2483	+0.048%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2484	+0.080%	$650K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0145% / S −0.0020%	1h	0.2483	+0.025%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2485	+0.121%	$333K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0323%	1h	0.2487	+0.218%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2482	−0.008%	$0	—	15x	as long as short