Settings8H · net · $10k
Funding arb · Price arb /

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0462%/8h= −50.6% APRnext payment $0.58 per $10,000 · paid last 24h −0.138%
Price spread now: Popdex against Reya−0.081%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Popdex is 0.081% cheaper against Reya than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya WIFRUSDPERP0.24670.0558pay 0.0070% / 1h27m 56s$015x
ShortPopdex WIFUSDT0.24650.0096get 0.0012% / 1h27m 56s$56K$497K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Reya. 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

Funding earned
−$96.95
Price spread: −0.081% → 0.000%
−$8.08
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$117.43
Costs to cover
0.124%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Popdex: live order book, 36 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Popdex live order book, 36 min ago4.04 bp76.8 bp −$77doesn't fitdoesn't fitdoesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WIF-USDT−0.0189%4h0.2463−0.162%$1.0M$824K75xas long as short
dYdX WIF-USD0.0000%1h0.2465−0.061%$18K$58910xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S +0.0001%1h0.2468+0.054%$798150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2470+0.122%$11K$10K12xas long as short
Gate WIF_USDT+0.0066%4h0.2468+0.041%$1.2M$7.5M50xas long as short
Lighter WIF+0.0096%1h0.2470+0.114%$139K$627K10xas long as short
Popdex WIFUSDTshort+0.0096%1h0.2465−0.081%$56K$497K20x
Aster WIFUSDT+0.0100%4h0.2468+0.048%$34K$283K10xas long as short
Pacifica WIF+0.0100%1h0.2466−0.047%$76K$56K5xas long as short
Binance WIFUSDT+0.0100%4h0.2468+0.049%$18.8M$114.6M75xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WIFUSDT+0.0100%4h0.2466−0.040%$17.0M$38.4M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2468+0.041%$5.9M$34.9M50xas long as short
MEXC WIF_USDT+0.0100%4h0.24670.000%$22.2M$11.0M50xas long as short
KuCoin WIFUSDTM+0.0100%4h0.2468+0.041%$4.4M$13.6M75xas long as short
Bitget WIFUSDT+0.0100%4h0.2468+0.041%$7.4M$12.7M50xas long as short
BingX WIF-USDT+0.0100%4h0.2468+0.041%$65.9Mas long as short
Backpack WIF_USDC_PERP+0.0100%1h0.2467−0.008%$78K$267K10xas long as short
Variational Omni WIF+0.0100%4h0.2470+0.122%$75K$69Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2471+0.164%$276K$2.1M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2473+0.243%$43K$629K25xas long as short
Orderly PERP_WIF_USDC+0.0100%4h0.2469+0.081%$5K$1.3M10xas long as short
SunX WIF-USDT+0.0100%4h0.2462−0.202%$2K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2469+0.061%$569$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2462−0.202%$166K$691K75xas long as short
Extended WIF-USD+0.0104%1h0.2467−0.007%$11K$155K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2469+0.061%$82K$853xas long as short
Kraken Futures PF_WIFUSD+0.0138%1h0.2470+0.114%$647K$2.3M50xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0154% / S −0.0026%1h0.2469+0.081%$8K100xas long as short
Deribit WIF_USDC-PERPETUAL+0.0155%1h0.2469+0.081%$46K$258K25xas long as short
Hyperliquid WIF+0.0282%1h0.2473+0.231%$8.0M$4.7M5xas long as short
Coinbase International WIF-PERP-INTX+0.0312%1h0.2468+0.041%$329K$2.6M50xas long as short
Reya WIFRUSDPERPlong+0.0558%1h0.2467long leg$015x