Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bybit against Binance0.000%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days−0.027%−$3 · spread now 0.000%, 7d avg −0.013%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2364	0.0100	pay 0.0050% / 4h	2h 39m	$17.5M	$99.1M	75x
Short	Bybit WIFUSDT	0.2364	0.0100	get 0.0050% / 4h	2h 39m	$16.5M	$34.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.013%: $1.31
Slippage, 4 orders: −$30.12
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.81
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	2.11 bp	10.0 bp −$10	21.8 bp −$218	96.8 bp −$9,677	doesn't fit
Sell Bybit live order book, 4 min ago	2.11 bp	11.5 bp −$11	33.6 bp −$336	230.2 bp −$23.0K	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
Backpack WIF_USDC_PERP	−0.0781%	1h	0.2372	+0.347%	$72K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.311%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0210%	4h	0.2364	0.000%	$4.2M	$11.1M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2366	+0.085%	$46K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2366	+0.064%	$620K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0068%	4h	0.2371	+0.275%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0062%	4h	0.2365	+0.042%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2373	+0.371%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2366	+0.074%	$14K	—	150x	as long as short
Aster WIFUSDT	+0.0004%	4h	0.2366	+0.083%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0014%	4h	0.2371	+0.296%	$264K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2364	0.000%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2364	+0.013%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2363	−0.042%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2368	+0.178%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2367	+0.143%	$75K	$48K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2364	long leg	$17.5M	$99.1M	75x
Bybit WIFUSDTshort	+0.0100%	4h	0.2364	0.000%	$16.5M	$34.6M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2364	0.000%	$6.0M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2365	+0.042%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2365	+0.042%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2366	+0.085%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2371	+0.296%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2360	−0.169%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2364	−0.017%	$536	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2360	−0.169%	$163K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2364	+0.009%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2364	+0.021%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0126% / S −0.0580%	1h	0.2366	+0.082%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2367	+0.127%	$309K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2363	−0.042%	$968K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2365	+0.059%	$0	—	15x	as long as short