Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Bitget against ApeX Omni+0.441%63s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.674% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−1.049%−$105 · spread now +0.441%, 7d avg +0.045%

Together, before fees−1.034%−$103 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: Bitget is 0.397% dearer against ApeX Omni than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2492	0.0100	pay 0.0013% / 1h	16m 21s	$43K	$627K	25x
Short	Bitget WIFUSDT	0.2503	0.0100	get 0.0050% / 4h	1h 16m	$7.5M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.441%Rate

Funding earned: $0
Price spread: +0.441% → +0.045%: $39.68
Slippage, 4 orders: −$45.44
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.75
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; Bitget: live order book, 2 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, 47 min ago	10.12 bp	20.1 bp −$20	115.1 bp −$1,151	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.01 bp	15.8 bp −$16	27.4 bp −$274	97.1 bp −$9,710	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
BloFin WIF-USDT	−0.0188%	4h	0.2498	+0.241%	$783K	$833K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2502	+0.421%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2505	+0.542%	$810	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.883%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2505	+0.530%	$141K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2504	+0.482%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2505	+0.507%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2504	+0.474%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2506	+0.562%	$19.2M	$114.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2504	+0.482%	$17.2M	$38.6M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2504	+0.482%	$6.0M	$35.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2504	+0.482%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2505	+0.522%	$22.5M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2503	+0.441%	$4.4M	$13.5M	75x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2503	+0.441%	$7.5M	$12.8M	50x
BingX WIF-USDC	+0.0100%	4h	0.2502	+0.401%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2499	+0.269%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	−0.159%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2492	+0.009%	$275K	$2.1M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2492	long leg	$43K	$627K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2506	+0.562%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	−0.080%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2498	+0.257%	$574	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2495	+0.120%	$167K	$694K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2502	+0.415%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2505	+0.524%	$84K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2499	+0.300%	$656K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0150% / S −0.0023%	1h	0.2505	+0.530%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0150%	1h	0.2499	+0.281%	$47K	$258K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2497	+0.201%	$333K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0333%	1h	0.2508	+0.654%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2502	+0.404%	$1	—	15x	as long as short