Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.022%

Price spread now: gTrade (Gains Network) against Binance−0.108%52s7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.108% cheaper against Binance 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 52 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	0.2366	0.0100	pay 0.0050% / 4h	2h 29m	$17.5M	$99.2M	75x
Short	gTrade (Gains Network) WIF/USD	0.2364	L +0.0002% / S −0.0002%	get 0.0000% / 1h	29m 35s	$14K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.108%Rate

Funding earned: −$20.68
Price spread: −0.108% → 0.000%: −$10.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$51.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; gTrade (Gains Network): 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 Binance live order book, 13 min ago	2.11 bp	10.0 bp −$10	21.8 bp −$218	96.8 bp −$9,677	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0729%	1h	0.2362	−0.199%	$73K	$234K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.212%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0216%	4h	0.2364	−0.098%	$4.1M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2364	−0.098%	$46K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2365	−0.053%	$619K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0043%	4h	0.2365	−0.039%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0008%	4h	0.2364	−0.098%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2365	−0.062%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0002%	1h	0.2364	−0.108%	$14K	—	150x
Aster WIFUSDT	+0.0009%	4h	0.2365	−0.056%	$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	0.2363	−0.157%	$263K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2362	−0.182%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2366	−0.018%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2367	+0.029%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2369	+0.134%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2366	−0.019%	$75K	$48K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2366	long leg	$17.5M	$99.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2365	−0.056%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2366	−0.013%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2367	+0.029%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2366	−0.013%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2362	−0.182%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2367	+0.029%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2359	−0.309%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2362	−0.161%	$537	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2361	−0.225%	$163K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2366	−0.026%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2362	−0.182%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0137% / S −0.0657%	1h	0.2362	−0.170%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2376	+0.409%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2369	+0.113%	$968K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2366	−0.018%	$0	—	15x	as long as short