Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against ApeX Omni−0.080%70s7-day average −0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.080%, 7d avg −0.011%

Together, before fees+0.087%+$9 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: Orderly is 0.069% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 70 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	0.2489	0.0100	pay 0.0013% / 1h	58m 26s	$35K	$648K	25x
Short	Orderly PERP_WIF_USDC	0.2487	0.0100	get 0.0050% / 4h	3h 58m	$6K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.011%: −$6.94
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 39 min ago; Orderly: no order-book sample. Net counts fees only.

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, 39 min ago	9.91 bp	18.5 bp −$18	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate WIF_USDT	−0.0864%	4h	0.2483	−0.241%	$1.5M	$10.8M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0269% / S +0.0294%	1h	0.2486	−0.102%	$19K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0152%	1h	0.2485	−0.161%	$33K	$274K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2484	−0.201%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	+0.025%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2486	−0.104%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2493	+0.169%	$145K	$805K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.161%	$53K	$578K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2485	−0.177%	$9.9M	$8.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2487	−0.093%	$33K	$404K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2489	+0.014%	$77K	$84K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2487	−0.080%	$19.6M	$162.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2487	−0.088%	$16.7M	$54.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2485	−0.161%	$5.8M	$47.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	−0.201%	$24.1M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2483	−0.241%	$3.9M	$17.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2485	−0.161%	$7.5M	$17.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2488	−0.040%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2491	+0.076%	$74K	$321K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−2.404%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−1.719%	$272K	$3.0M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2489	long leg	$35K	$648K	25x
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2487	−0.080%	$6K	$1.0M	10x
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.321%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2486	−0.133%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2472	−0.683%	$153K	$946K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2488	−0.046%	$10K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2485	−0.181%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2490	+0.040%	$330K	$3.7M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2480	−0.362%	$10K	$27K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2482	−0.285%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0744%	1h	0.2487	−0.091%	$652K	$2.9M	50x	as long as short