Funding you earn now, next payment 22:00 UTC−0.0738%/8h= −80.8% APRnext payment −$0.92 per $10,000 · paid last 24h −0.192%
Price spread now: Backpack against SoDEX−0.051%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Backpack is 0.051% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX WIF-USD | 0.2361 | 0.0100 | pay 0.0013% / 1h | 5m 01s | $539 | $5K | 5x |
| Short | Backpack WIF_USDC_PERP | 0.2359 | −0.0638 | pay 0.0080% / 1h | 5m 01s | $73K | $235K | 10x |
SoDEX WIF-USD
Backpack WIF_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$154.89
- Price spread: −0.051% → 0.000%
- −$5.08
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$177.98
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 18 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 18 min ago | 0.21 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERPshort | −0.0638% | 1h | 0.2359 | −0.051% | $73K | $235K | 10x | |
| Injective WIF/USDC PERP | −0.0321% | 1h | 0.2395 | +1.462% | $10K | $10K | 12x | as long as short |
| KuCoin WIFUSDTM | −0.0180% | 4h | 0.2359 | −0.064% | $4.1M | $11.2M | 75x | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.0173% | 1h | 0.2361 | +0.021% | $46K | $289K | 25x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0077% | 1h | 0.2363 | +0.086% | $625K | $2.1M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2360 | −0.026% | $18K | $582 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2361 | +0.010% | $14K | — | 150x | as long as short |
| Variational Omni WIF | +0.0031% | 4h | 0.2358 | −0.089% | $67K | $65K | — | as long as short |
| Aster WIFUSDT | +0.0053% | 4h | 0.2360 | −0.010% | $23K | $255K | 10x | as long as short |
| Gate WIF_USDT | +0.0066% | 4h | 0.2360 | −0.021% | $1.2M | $6.9M | 50x | as long as short |
Injective WIF/USDC PERP
KuCoin WIFUSDTM
Deribit WIF_USDC-PERPETUAL
Kraken Futures PF_WIFUSD
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Variational Omni WIF
Aster WIFUSDT
Gate WIF_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT WIF_USDT_Perp | +0.0068% | 4h | 0.2368 | +0.308% | $272K | $1.8M | 10x | as long as short |
| Orderly PERP_WIF_USDC | +0.0091% | 4h | 0.2360 | −0.021% | $4K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2361 | +0.017% | $131K | $541K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2360 | −0.021% | $52K | $483K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2364 | +0.140% | $7.3M | $4.0M | 5x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2360 | −0.017% | $74K | $48K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2360 | −0.008% | $17.5M | $99.4M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2359 | −0.064% | $16.5M | $34.7M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2361 | +0.021% | $6.0M | $30.1M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2360 | −0.021% | $21.1M | $10.8M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2360 | −0.021% | $7.2M | $11.6M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2358 | −0.106% | — | $2.3M | — | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2366 | +0.233% | $42K | $618K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2355 | −0.233% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USDlong | +0.0100% | 1h | 0.2361 | long leg | $539 | $5K | 5x | |
| HTX WIF-USDT | +0.0100% | 4h | 0.2360 | −0.021% | $163K | $719K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2360 | −0.011% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2361 | 0.000% | $79K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0166% / S −0.0867% | 1h | 0.2360 | −0.014% | $4K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0272% | 1h | 0.2364 | +0.148% | $310K | $2.3M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2360 | −0.021% | $968K | $684K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2360 | −0.036% | $0 | — | 15x | as long as short |
GRVT WIF_USDT_Perp
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIF
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
ApeX Omni WIFUSDT
SunX WIF-USDT
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
BloFin WIF-USDT
Reya WIFRUSDPERP