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% APRpaid last 24h +0.012%

Price spread now: HTX against ApeX Omni−0.758%76s7-day average +0.523% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as 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−$1661.659% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 4 days (all we have)+1.235%+$123 · spread now −0.758%, 7d avg +0.523%

Together, before fees+1.431%+$143 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 1.282% cheaper against ApeX Omni than usual: you would sell low and buy high, −$128 on $10k if it goes back to its 7-day average of +0.523%. The two prices were read 76 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	0.2506	0.0100	pay 0.0013% / 1h	21m 56s	$46K	$624K	25x
Short	HTX WIF-USDT	0.2487	0.0100	get 0.0050% / 4h	21m 56s	$166K	$699K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.758%Rate

Funding earned: $0
Price spread: −0.758% → +0.523%: −$128.17
Slippage, 4 orders: −$143.86
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$294.03
Costs to cover: 1.659%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; HTX: live order book, 37 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, 36 min ago	8.09 bp	17.5 bp −$17	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	8.07 bp	57.9 bp −$58	244.5 bp −$2,445	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
BloFin WIF-USDT	−0.0186%	4h	0.2491	−0.599%	$993K	$832K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0158%	1h	0.2485	−0.830%	$76K	$291K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2494	−0.479%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2490	−0.638%	$45K	$256K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2491	−0.584%	$805	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.437%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2490	−0.634%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2494	−0.479%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2487	−0.748%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2493	−0.508%	$78K	$60K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2491	−0.603%	$18.8M	$118.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2489	−0.674%	$16.9M	$39.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2490	−0.638%	$6.0M	$36.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2489	−0.678%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	−0.678%	$23.0M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2487	−0.758%	$4.5M	$14.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2487	−0.758%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2490	−0.638%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2501	−0.198%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2501	−0.200%	$284K	$2.3M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2506	long leg	$46K	$624K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2490	−0.638%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	−0.638%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2490	−0.658%	$580	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2487	−0.758%	$166K	$699K	75x
Extended WIF-USD	+0.0104%	1h	0.2489	−0.694%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2488	−0.698%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0133% / S −0.0012%	1h	0.2490	−0.620%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2491	−0.605%	$647K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0288%	1h	0.2491	−0.603%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2491	−0.599%	$327K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	−0.615%	$0	—	15x	as long as short