Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Binance+0.581%49s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as 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−$600.599% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.511%−$51 · spread now +0.581%, 7d avg 0.000%

Together, before fees−0.479%−$48 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: ApeX Omni is 0.582% dearer against Binance than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 49 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	Binance WIFUSDT	0.2496	0.0100	pay 0.0050% / 4h	3h 12m	$19.2M	$108.2M	75x
Short	ApeX Omni WIFUSDT	0.2511	0.0100	get 0.0013% / 1h	12m 41s	$43K	$631K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.581%Rate

Funding earned: $0
Price spread: +0.581% → 0.000%: $58.15
Slippage, 4 orders: −$39.95
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1.8
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; ApeX Omni: live order book, 60 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 Binance live order book, 15 min ago	2.01 bp	11.2 bp −$11	31.4 bp −$314	119.3 bp −$11.9K	doesn't fit
Sell ApeX Omni live order book, 60 min ago	10.28 bp	18.7 bp −$19	124.4 bp −$1,244	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
Gate WIF_USDT	−0.0208%	4h	0.2495	−0.060%	$1.3M	$7.2M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0162%	1h	0.2497	+0.001%	$76K	$256K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0150%	1h	0.2499	+0.101%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0052%	4h	0.2495	−0.060%	$4.5M	$12.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	+0.001%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2500	+0.161%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.061%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2500	+0.132%	$654K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2498	+0.053%	$148K	$595K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2498	+0.061%	$57K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2499	+0.101%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2499	+0.105%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2497	+0.003%	$77K	$51K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2496	long leg	$19.2M	$108.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2495	−0.060%	$17.2M	$37.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2495	−0.060%	$6.0M	$34.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2496	−0.020%	$22.7M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2495	−0.060%	$7.6M	$12.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2496	−0.020%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	+0.245%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2511	+0.574%	$285K	$1.9M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2511	+0.581%	$43K	$631K	25x
SunX WIF-USDT	+0.0100%	4h	0.2495	−0.060%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2498	+0.081%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2498	+0.061%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2495	−0.062%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2500	+0.121%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0188% / S −0.0048%	1h	0.2500	+0.132%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0205%	1h	0.2501	+0.197%	$8.0M	$4.2M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2500	+0.141%	$337K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2499	+0.101%	$1.0M	$706K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2499	+0.085%	$0	—	15x	as long as short