Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.012%

Price spread now: Orderly against Popdex+0.081%7-day average −0.047% · you sell dearer than you buy

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

Long on Popdex Short on Orderly

What this pair did over the last

the charts below follow

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%

Together, before fees−0.055%−$5 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: Orderly is 0.128% dearer against Popdex than usual: you sell high and buy low, +$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	Popdex WIFUSDT	0.2461	0.0096	pay 0.0012% / 1h	3m 13s	$56K	$496K	20x
Short	Orderly PERP_WIF_USDC	0.2463	0.0099	get 0.0049% / 4h	3h 03m	$5K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.081%Rate

Funding earned: $0.57
Price spread: +0.081% → −0.047%: $12.78
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.95
Costs to cover: 0.124%
Break-even: from the start

Slippage unknown: Popdex: live order book, 6 min ago; Orderly: no order-book sample. 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 Popdex live order book, 6 min ago	34.50 bp	99.1 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.122%	$1.2M	$7.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0132%	1h	0.2459	−0.102%	$76K	$257K	10x	as long as short
KuCoin WIFUSDTM	−0.0074%	4h	0.2462	+0.041%	$5.0M	$12.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2460	−0.041%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2462	+0.041%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2461	0.000%	$795	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.366%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2462	+0.059%	$642K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	+0.016%	$146K	$596K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2461	long leg	$56K	$496K	20x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDCshort	+0.0099%	4h	0.2463	+0.081%	$5K	$1.3M	10x
Aster WIFUSDT	+0.0100%	4h	0.2462	+0.043%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2460	−0.034%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2459	−0.064%	$18.7M	$109.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2459	−0.098%	$16.9M	$37.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2459	−0.081%	$5.9M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2459	−0.081%	$22.3M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2461	0.000%	$7.5M	$12.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2459	−0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	+0.571%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2469	+0.317%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2469	+0.325%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2458	−0.122%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2462	+0.020%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2457	−0.163%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2461	+0.018%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2462	+0.056%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0182%	1h	0.2464	+0.126%	$7.9M	$4.5M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0184% / S −0.0046%	1h	0.2461	−0.002%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2462	+0.041%	$322K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2461	0.000%	$1.0M	$696K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2460	−0.047%	$0	—	15x	as long as short