Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against SunX−0.025%7-day average +0.156% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1901.903% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)+0.165%+$17 · spread now −0.025%, 7d avg +0.156%

Together, before fees+0.125%+ Points / potential airdropExtended: Active · farm board+$12 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: Extended is 0.181% cheaper against SunX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2479	0.0100	pay 0.0050% / 4h	2h 48m	$2K	$2.8M	50x
Short	Extended WIF-USD	0.2478	0.0104	get 0.0013% / 1h	48m 29s	$11K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.84
Price spread: −0.025% → +0.156%: −$18.08
Slippage, 4 orders: −$177.31
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$207.55
Costs to cover: 1.903%
Break-even: 1736.6 days

Slippage from SunX: live order book, 9 min ago; Extended: live order book, 17 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 SunX live order book, 9 min ago	32.68 bp	89.5 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 17 min ago	8.07 bp	19.6 bp −$20	100.4 bp −$1,004	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	−0.0783%	1h	0.2470	−0.363%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0178%	4h	0.2482	+0.121%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2484	+0.214%	$648K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0032%	4h	0.2483	+0.161%	$4.5M	$12.8M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2482	+0.121%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2483	+0.161%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2483	+0.180%	$803	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2485	+0.230%	$148K	$607K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2479	0.000%	$56K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2484	+0.202%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2486	+0.272%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2482	+0.139%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2480	+0.021%	$18.8M	$111.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2477	−0.077%	$17.0M	$37.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2478	−0.040%	$6.0M	$34.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2481	+0.081%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2475	−0.161%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2480	+0.040%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2484	+0.202%	$77K	$269K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.157%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2476	−0.121%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	0.000%	$43K	$631K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2479	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2485	+0.222%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	+0.323%	$170K	$747K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2478	−0.025%	$11K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2484	+0.188%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0171%	1h	0.2481	+0.069%	$8.0M	$4.7M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0180% / S −0.0043%	1h	0.2482	+0.132%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2485	+0.242%	$327K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.323%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2474	−0.217%	$0	—	15x	as long as short