Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.082%7-day average +0.723% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$2572.571% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)+0.545%+$54 · spread now +0.082%, 7d avg +0.723%

Together, before fees+0.726%+$73 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: HTX is 0.641% cheaper against SunX than usual: you would sell low and buy high, −$64 on $10k if it goes back to its 7-day average of +0.723%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2445	0.0100	pay 0.0050% / 4h	3h 51m	$1K	$2.8M	50x
Short	HTX WIF-USDT	0.2447	0.0100	get 0.0050% / 4h	3h 51m	$169K	$746K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.723%: −$64.1
Slippage, 4 orders: −$237.15
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$321.24
Costs to cover: 2.571%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; HTX: live order book, 22 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, 6 min ago	32.69 bp	89.6 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 22 min ago	10.29 bp	53.4 bp −$53	521.2 bp −$5,212	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
Backpack WIF_USDC_PERP	−0.0637%	1h	0.2443	−0.086%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0159%	1h	0.2445	0.000%	$48K	$289K	25x	as long as short
ApeX Omni WIFUSDT	−0.0032%	1h	0.2443	−0.082%	$43K	$632K	25x	as long as short
Gate WIF_USDT	−0.0012%	4h	0.2442	−0.123%	$1.2M	$7.0M	50x	as long as short
KuCoin WIFUSDTM	−0.0004%	4h	0.2439	−0.245%	$4.3M	$11.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2445	−0.015%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2451	+0.227%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.045%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0040%	1h	0.2445	−0.018%	$633K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2444	−0.041%	$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
Lighter WIF	+0.0096%	1h	0.2443	−0.078%	$144K	$577K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2441	−0.164%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2447	+0.102%	$7.7M	$4.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2445	+0.016%	$24K	$257K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2442	−0.102%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2440	−0.186%	$18.4M	$105.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	−0.192%	$16.8M	$36.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2439	−0.245%	$6.0M	$32.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2442	−0.123%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2441	−0.164%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2441	−0.164%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2451	+0.252%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2445	−0.001%	$278K	$1.9M	10x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2445	long leg	$1K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2444	−0.049%	$559	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2447	+0.082%	$169K	$746K	75x
Extended WIF-USD	+0.0104%	1h	0.2439	−0.225%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2445	−0.019%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2450	+0.204%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2448	+0.123%	$332K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2447	+0.082%	$990K	$738K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2449	+0.169%	$0	—	15x	as long as short