WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.180%

Price spread now: Backpack against Popdex−0.253%7-day average −0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1561.559% of the position

Long on Popdex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.598%−$60 on $10k

Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.253%, 7d avg −0.092%

Together, before fees−0.342%−$34 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: Backpack is 0.161% cheaper against Popdex than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2572	0.0096	pay 0.0012% / 1h	29m 05s	$53K	$562K	20x
Short	Backpack WIF_USDC_PERP	0.2566	0.0100	get 0.0013% / 1h	29m 05s	$79K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Popdex. 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 PopdexbpFee BackpackbpOrdersPrice spread, now −0.253%Rate

Funding earned: $0.84
Price spread: −0.253% → −0.092%: −$16.1
Slippage, 4 orders: −$139.54
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$171.2
Costs to cover: 1.559%
Break-even: 1433.7 days

Slippage from Popdex: live order book, 25 min ago; Backpack: live order book, 24 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 Popdex live order book, 25 min ago	3.93 bp	69.2 bp −$69	279.7 bp −$2,797	doesn't fit	doesn't fit
Sell Backpack live order book, 24 min ago	1.17 bp	9.2 bp −$9	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	−0.0194%	4h	0.2570	−0.078%	$1.1M	$912K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2573	+0.058%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2571	−0.029%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.661%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2570	−0.078%	$147K	$652K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2572	long leg	$53K	$562K	20x
Aster WIFUSDT	+0.0100%	4h	0.2570	−0.078%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2575	+0.109%	$80K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2568	−0.156%	$20.5M	$127.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2565	−0.272%	$17.6M	$42.6M	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	0.2567	−0.194%	$6.2M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2567	−0.194%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2565	−0.272%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2568	−0.156%	$4.3M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2569	−0.117%	$7.9M	$14.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2568	−0.156%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERPshort	+0.0100%	1h	0.2566	−0.253%	$79K	$303K	10x
Variational Omni WIF	+0.0100%	4h	0.2573	+0.041%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2578	+0.217%	$296K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2578	+0.233%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2569	−0.117%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2567	−0.194%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2569	−0.117%	$601	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2568	−0.156%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2568	−0.155%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2568	−0.154%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0116% / S −0.0001%	1h	0.2571	−0.052%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0139%	1h	0.2569	−0.117%	$40K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2573	+0.039%	$350K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0358%	1h	0.2570	−0.088%	$672K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0529%	1h	0.2571	−0.027%	$8.5M	$5.2M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2571	−0.057%	$1	—	15x	as long as short