Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: SunX against MEXC−0.242%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1661.661% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.242%, 7d avg −0.167%

Together, before fees+0.130%+$13 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 0.075% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2481	0.0100	pay 0.0050% / 4h	1h 17m	$22.4M	$12.2M	50x
Short	SunX WIF-USDT	0.2475	0.0100	get 0.0050% / 4h	1h 17m	$2K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.242%Rate

Funding earned: $0
Price spread: −0.242% → −0.167%: −$7.51
Slippage, 4 orders: −$154.1
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$173.61
Costs to cover: 1.661%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; SunX: live order book, 10 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 MEXC live order book, 1 min ago	2.02 bp	7.0 bp −$7	16.5 bp −$165	105.2 bp −$10.5K	152.0 bp −$76.0K
Sell SunX live order book, 10 min ago	32.60 bp	61.5 bp −$62	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−0.766%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2471	−0.403%	$979K	$937K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0036%	1h	0.2480	−0.024%	$74K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.302%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2480	−0.023%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0028% / S +0.0256%	1h	0.2481	0.000%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2483	+0.069%	$143K	$702K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2478	−0.121%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2484	+0.131%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2482	+0.023%	$31K	$352K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2477	−0.180%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2482	+0.025%	$18.9M	$144.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2481	0.000%	$16.7M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2481	0.000%	$5.5M	$41.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2480	−0.040%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2481	long leg	$22.4M	$12.2M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2481	0.000%	$4.2M	$16.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2482	+0.040%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2481	0.000%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2474	−0.279%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−0.322%	$280K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	−0.202%	$45K	$633K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2479	−0.081%	$5K	$1.1M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2475	−0.242%	$2K	$3.1M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2480	−0.040%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2478	−0.121%	$143K	$914K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2480	−0.045%	$10K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	−0.056%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2481	0.000%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2482	+0.052%	$644K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2483	+0.081%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2479	−0.076%	$0	—	15x	as long as short