WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h −0.094%

Price spread now: Deribit against Popdex+0.121%7-day average −0.026% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.297%−$30 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.121%, 7d avg −0.026%

Together, before fees−0.351%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.148% dearer against Popdex than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 4 days funding on this pair cost −0.297%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2476	0.0096	pay 0.0012% / 1h	0m 49s	$52K	$572K	20x
Short	Deribit WIF_USDC-PERPETUAL	0.2479	0.0154	get 0.0019% / 1h	0m 49s	$33K	$272K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.121%Rate

Funding earned: $12.09
Price spread: +0.121% → −0.026%: $14.76
Slippage, 4 orders: −$145.81
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$132.37
Costs to cover: 1.592%
Break-even: 83.7 days

Slippage from Popdex: live order book, 43 min ago; Deribit: live order book, 43 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, 43 min ago	6.11 bp	84.9 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 43 min ago	6.10 bp	9.6 bp −$10	21.9 bp −$219	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	−0.565%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2476	0.000%	$989K	$936K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2477	+0.020%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2478	+0.081%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0002%	1h	0.2475	−0.036%	$77K	$299K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0011% / S +0.0237%	1h	0.2477	+0.047%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2480	+0.145%	$142K	$703K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2476	long leg	$52K	$572K	20x
Hyperliquid WIF	+0.0100%	1h	0.2477	+0.044%	$8.7M	$6.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2477	+0.047%	$30K	$351K	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	+0.048%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2476	+0.018%	$18.9M	$145.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2476	−0.012%	$16.6M	$47.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2477	+0.040%	$5.5M	$42.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2476	0.000%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2476	0.000%	$22.2M	$12.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2477	+0.040%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2478	+0.081%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2476	0.000%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.038%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+0.244%	$285K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2500	+0.969%	$46K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2479	+0.121%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2474	−0.081%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	+0.081%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2474	−0.081%	$154K	$947K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2475	−0.048%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2479	+0.103%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUALshort	+0.0154%	1h	0.2479	+0.121%	$33K	$272K	25x
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2480	+0.150%	$642K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2480	+0.162%	$328K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2477	+0.024%	$0	—	15x	as long as short