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 +0.012%

Price spread now: SunX against Orderly+0.604%57s7-day average −0.163% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.839%−$84 · spread now +0.604%, 7d avg −0.163%

Together, before fees−0.750%−$75 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 0.767% dearer against Orderly than usual: you sell high and buy low, +$77 on $10k if it goes back to its 7-day average of −0.163%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2483	0.0100	pay 0.0050% / 4h	11m 28s	$6K	$1.0M	10x
Short	SunX WIF-USDT	0.2498	0.0100	get 0.0050% / 4h	11m 28s	$2K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee SunXbpOrdersPrice spread, now +0.604%Rate

Funding earned: $0
Price spread: +0.604% → −0.163%: $76.74
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $62.74
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; SunX: 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 SunX live order book, 6 min ago	33.84 bp	65.0 bp −$65	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0197% / S +0.0279%	1h	0.2507	+0.983%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−0.846%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2541	+2.336%	$1.0M	$963K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2496	+0.510%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2505	+0.886%	$33K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2481	−0.062%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0030%	1h	0.2495	+0.503%	$75K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	+0.544%	$143K	$743K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2494	+0.443%	$54K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2482	−0.020%	$8.8M	$7.2M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2483	+0.015%	$29K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2496	+0.512%	$78K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2483	0.000%	$19.1M	$151.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2482	−0.040%	$17.0M	$50.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2482	−0.040%	$5.7M	$43.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2477	−0.242%	$1.3M	$9.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2473	−0.403%	$24.4M	$13.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2490	+0.282%	$4.2M	$17.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2478	−0.201%	$7.5M	$16.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2488	+0.201%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	+1.374%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2510	+1.087%	$282K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2545	+2.497%	$46K	$641K	25x	as long as short
Orderly PERP_WIF_USDClong	+0.0100%	4h	0.2483	long leg	$6K	$1.0M	10x
SunX WIF-USDTshort	+0.0100%	4h	0.2498	+0.604%	$2K	$3.1M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2502	+0.765%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2498	+0.604%	$159K	$912K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2495	+0.489%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2506	+0.925%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2501	+0.725%	$328K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2478	−0.204%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0810%	1h	0.2502	+0.772%	$658K	$2.7M	50x	as long as short