Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: MEXC against ApeX Omni−1.292%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.886%+$89 · spread now −1.292%, 7d avg −0.022%

Together, before fees+0.855%+$85 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: MEXC is 1.270% cheaper against ApeX Omni than usual: you would sell low and buy high, −$127 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2477	0.0100	pay 0.0013% / 1h	42m 57s	$45K	$624K	25x
Short	MEXC WIF_USDT	0.2445	0.0100	get 0.0050% / 4h	42m 57s	$22.4M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.292%Rate

Funding earned: $0
Price spread: −1.292% → −0.022%: −$126.99
Slippage, 4 orders: −$36.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$177.53
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 15 min ago; MEXC: live order book, 1 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, 15 min ago	8.09 bp	17.5 bp −$17	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.04 bp	7.6 bp −$8	37.0 bp −$370	139.0 bp −$13.9K	161.9 bp −$81.0K

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	−0.0278%	1h	0.2440	−1.494%	$80K	$280K	10x	as long as short
BloFin WIF-USDT	−0.0185%	4h	0.2443	−1.373%	$1.0M	$812K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	−1.230%	$18K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2446	−1.237%	$791	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.283%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2445	−1.300%	$137K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	−1.252%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2444	−1.327%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	−1.159%	$76K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2444	−1.332%	$18.8M	$117.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2445	−1.308%	$16.8M	$39.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	−1.292%	$5.9M	$35.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2445	−1.292%	$1.2M	$7.7M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2445	−1.292%	$22.4M	$11.2M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2444	−1.332%	$4.3M	$14.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2445	−1.292%	$7.5M	$13.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2453	−0.969%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	−0.240%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2451	−1.050%	$277K	$2.2M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2477	long leg	$45K	$624K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2445	−1.292%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2439	−1.534%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2444	−1.352%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2443	−1.373%	$164K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2443	−1.378%	$8K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2442	−1.410%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0139% / S −0.0016%	1h	0.2446	−1.266%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0159%	1h	0.2444	−1.332%	$44K	$260K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0265%	1h	0.2443	−1.369%	$638K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2447	−1.211%	$330K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0388%	1h	0.2446	−1.243%	$7.9M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2447	−1.218%	$0	—	15x	as long as short