Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Binance against ApeX Omni−0.462%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.462%, 7d avg 0.000%

Together, before fees+0.040%+$4 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: Binance is 0.462% cheaper against ApeX Omni than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2379	0.0100	pay 0.0013% / 1h	33m 25s	$42K	$618K	25x
Short	Binance WIFUSDT	0.2368	0.0100	get 0.0050% / 4h	2h 33m	$17.5M	$99.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.462%Rate

Funding earned: $0
Price spread: −0.462% → 0.000%: −$46.22
Slippage, 4 orders: −$46.63
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$112.85
Costs to cover: 0.666%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 54 min ago; Binance: live order book, 9 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 ApeX Omni live order book, 54 min ago	12.58 bp	20.8 bp −$21	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.11 bp	13.5 bp −$14	32.9 bp −$329	106.4 bp −$10.6K	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	−0.0728%	1h	0.2374	−0.202%	$73K	$234K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0594%	1h	0.2368	−0.462%	$46K	$289K	25x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.673%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0212%	4h	0.2368	−0.462%	$4.2M	$11.1M	75x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2370	−0.371%	$623K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0058%	4h	0.2374	−0.193%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0024%	4h	0.2369	−0.420%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2377	−0.094%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2369	−0.420%	$14K	—	150x	as long as short
Aster WIFUSDT	+0.0017%	4h	0.2377	−0.081%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0038%	4h	0.2376	−0.130%	$265K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2369	−0.420%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2377	−0.088%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2370	−0.378%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2372	−0.282%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2376	−0.133%	$75K	$48K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2368	−0.462%	$17.5M	$99.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2368	−0.462%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2367	−0.504%	$6.1M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2369	−0.420%	$21.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2368	−0.462%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2369	−0.420%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2379	long leg	$42K	$618K	25x
SunX WIF-USDT	+0.0100%	4h	0.2365	−0.588%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2367	−0.483%	$538	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2377	−0.084%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2367	−0.495%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2367	−0.483%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0133% / S −0.0631%	1h	0.2368	−0.455%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2381	+0.084%	$311K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2374	−0.210%	$963K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2368	−0.445%	$0	—	15x	as long as short