Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.051%

Price spread now: Coinbase International against Binance−0.054%7-day average +0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.054%, 7d avg +0.153%

Together, before fees+0.593%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.207% cheaper against Binance than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.153%). If the spread goes back, that is −$21 on $10k: about 2.7 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2544	0.0100	pay 0.0050% / 4h	45m 43s	$19.4M	$146.6M	75x
Short	Coinbase International WIF-PERP-INTX	0.2543	0.0352	get 0.0044% / 1h	45m 43s	$356K	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.054%Rate

Funding earned: $52.92
Price spread: −0.054% → +0.153%: −$20.67
Slippage, 4 orders: −$33.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.29
Costs to cover: 0.535%
Break-even: 9.8 days

Slippage from Binance: live order book, 12 min ago; Coinbase International: live order book, 3 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, 12 min ago	2.02 bp	10.9 bp −$11	27.4 bp −$274	108.6 bp −$10.9K	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.01 bp	15.0 bp −$15	28.4 bp −$284	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−3.238%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2509	−1.390%	$1.0M	$959K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0045% / S +0.0248%	1h	0.2538	−0.252%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2542	−0.093%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2544	−0.003%	$355	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2550	+0.209%	$146K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2534	−0.408%	$54K	$573K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2549	+0.198%	$8.9M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2544	0.000%	$31K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2545	+0.024%	$79K	$70K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDTlong	+0.0100%	4h	0.2544	long leg	$19.4M	$146.6M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2541	−0.125%	$17.0M	$48.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2543	−0.054%	$5.8M	$43.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2545	+0.025%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2546	+0.064%	$22.7M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2546	+0.064%	$4.5M	$16.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2547	+0.103%	$7.8M	$16.0M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2548	+0.142%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2546	+0.068%	$75K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2532	−0.486%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−2.790%	$274K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2484	−2.373%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2541	−0.133%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2541	−0.133%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2545	+0.044%	$579	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2541	−0.133%	$158K	$964K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2545	+0.017%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2542	−0.083%	$85K	$85	3x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0352%	1h	0.2543	−0.054%	$356K	$3.3M	50x
Deribit WIF_USDC-PERPETUAL	+0.0537%	1h	0.2543	−0.054%	$34K	$273K	25x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2539	−0.199%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0795%	1h	0.2549	+0.165%	$665K	$2.7M	50x	as long as short