Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni+0.127%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 3 days (all we have)−0.533%−$53 · spread now +0.127%, 7d avg +0.006%

Together, before fees−0.623%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.121% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.006%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.090% in total) that is about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2361	0.0100	pay 0.0013% / 1h	2m 55s	$41K	$618K	25x
Short	Gate WIF_USDT	0.2364	0.0080	get 0.0040% / 4h	2h 02m	$1.2M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.127%Rate

Funding earned: −$4.2
Price spread: +0.127% → +0.006%: $12.15
Slippage, 4 orders: −$67.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$84.06
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; Gate: live order book, just now.

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, 20 min ago	10.50 bp	20.2 bp −$20	110.9 bp −$1,109	doesn't fit	doesn't fit
Sell Gate live order book, just now	4.23 bp	28.7 bp −$29	136.8 bp −$1,368	275.5 bp −$27.6K	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	−0.0622%	1h	0.2363	+0.068%	$73K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.440%	$10K	$10K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2364	+0.127%	$46K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0168%	4h	0.2364	+0.127%	$4.1M	$11.2M	75x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2366	+0.212%	$626K	$2.1M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2362	+0.042%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2364	+0.127%	$14K	—	150x	as long as short
Variational Omni WIF	+0.0031%	4h	0.2358	−0.110%	$67K	$65K	—	as long as short
Aster WIFUSDT	+0.0057%	4h	0.2363	+0.085%	$23K	$255K	10x	as long as short
Gate WIF_USDTshort	+0.0080%	4h	0.2364	+0.127%	$1.2M	$6.9M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0080%	4h	0.2360	−0.030%	$271K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2364	+0.127%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2364	+0.127%	$131K	$541K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2363	+0.085%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2368	+0.280%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2363	+0.090%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2365	+0.166%	$17.5M	$99.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2364	+0.148%	$16.5M	$34.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2364	+0.127%	$6.1M	$30.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2364	+0.127%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2365	+0.169%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2365	+0.169%	—	$65.1M	—	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2361	long leg	$41K	$618K	25x
SunX WIF-USDT	+0.0100%	4h	0.2359	−0.085%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2364	+0.106%	$540	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2359	−0.085%	$163K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2363	+0.104%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2364	+0.127%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0169% / S −0.0884%	1h	0.2364	+0.132%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2367	+0.254%	$311K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2362	+0.042%	$970K	$685K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2363	+0.101%	$0	—	15x	as long as short