Funding you earn now, next payment 01:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.012%
Price spread now: Popdex against Orderly−0.081%7-day average +0.047% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.081%, 7d avg +0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.128% cheaper against Orderly than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WIF_USDC | 0.2463 | 0.0099 | pay 0.0049% / 4h | 3h 03m | $5K | $1.3M | 10x |
| Short | Popdex WIFUSDT | 0.2461 | 0.0096 | get 0.0012% / 1h | 3m 20s | $56K | $496K | 20x |
Orderly PERP_WIF_USDC
Popdex WIFUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Orderly. 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
- −$0.57
- Price spread: −0.081% → +0.047%
- −$12.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$25.75
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Popdex: live order book, 6 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 6 min ago | 34.50 bp | 129.0 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate WIF_USDT | −0.0208% | 4h | 0.2458 | −0.203% | $1.2M | $7.3M | 50x | as long as short |
| Backpack WIF_USDC_PERP | −0.0128% | 1h | 0.2468 | +0.195% | $73K | $256K | 10x | as long as short |
| KuCoin WIFUSDTM | −0.0074% | 4h | 0.2460 | −0.122% | $5.0M | $12.5M | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2460 | −0.122% | $18K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2474 | +0.447% | $49K | $289K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2461 | −0.081% | $795 | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2470 | +0.284% | $11K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0039% | 1h | 0.2472 | +0.361% | $644K | $2.3M | 50x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2461 | −0.097% | $146K | $596K | 10x | as long as short |
| Popdex WIFUSDTshort | +0.0096% | 1h | 0.2461 | −0.081% | $56K | $496K | 20x |
Gate WIF_USDT
Backpack WIF_USDC_PERP
KuCoin WIFUSDTM
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Kraken Futures PF_WIFUSD
Lighter WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_WIF_USDClong | +0.0099% | 4h | 0.2463 | long leg | $5K | $1.3M | 10x | |
| Aster WIFUSDT | +0.0100% | 4h | 0.2460 | −0.124% | $35K | $274K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2460 | −0.115% | $76K | $52K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2461 | −0.081% | $18.7M | $109.6M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2461 | −0.081% | $16.9M | $37.5M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2461 | −0.081% | $5.9M | $33.9M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2460 | −0.122% | $22.3M | $11.2M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2462 | −0.041% | $7.5M | $12.3M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2460 | −0.122% | — | $65.8M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2475 | +0.489% | $73K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2469 | +0.235% | $280K | $1.9M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2469 | +0.244% | $42K | $632K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2467 | +0.162% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2471 | +0.325% | $560 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2467 | +0.162% | $169K | $746K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2461 | −0.064% | $10K | $155K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2462 | −0.026% | $82K | $85 | 3x | as long as short |
| Hyperliquid WIF | +0.0182% | 1h | 0.2464 | +0.045% | $7.9M | $4.5M | 5x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0184% / S −0.0046% | 1h | 0.2461 | −0.084% | $8K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0288% | 1h | 0.2478 | +0.609% | $325K | $2.5M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2471 | +0.325% | $1.0M | $699K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2460 | −0.128% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Hyperliquid WIF
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
BloFin WIF-USDT
Reya WIFRUSDPERP