Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.041%

Price spread now: Variational Omni against ApeX Omni−0.110%58s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.110% cheaper against ApeX Omni than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	0.2361	0.0100	pay 0.0013% / 1h	2m 27s	$41K	$618K	25x
Short	Variational Omni WIF	0.2358	0.0031	get 0.0015% / 4h	2h 02m	$67K	$65K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.110%Rate

Funding earned: −$14.53
Price spread: −0.110% → 0.000%: −$11.04
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 20 min ago; Variational Omni: 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, 20 min ago	10.50 bp	20.2 bp −$20	110.9 bp −$1,109	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
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	−0.0164%	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	0.2364	+0.119%	$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 WIFshort	+0.0031%	4h	0.2358	−0.110%	$67K	$65K	—
Aster WIFUSDT	+0.0061%	4h	0.2364	+0.139%	$23K	$255K	10x	as long as short
GRVT WIF_USDT_Perp	+0.0080%	4h	0.2360	−0.030%	$271K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0088%	4h	0.2364	+0.127%	$1.2M	$6.9M	50x	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	0.2365	+0.169%	$131K	$541K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2364	+0.127%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2368	+0.305%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2365	+0.188%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2365	+0.169%	$17.5M	$99.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2364	+0.127%	$16.5M	$34.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2366	+0.212%	$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	0.2364	+0.127%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2361	0.000%	—	$2.3M	—	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	0.2364	+0.115%	$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	0.2365	+0.185%	$0	—	15x	as long as short