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 −0.003%

Price spread now: Gate against Binance−0.145%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.145%, 7d avg +0.012%

Together, before fees+0.077%+$8 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: Gate is 0.157% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2401	0.0100	pay 0.0050% / 4h	1h 54m	$17.8M	$99.6M	75x
Short	Gate WIF_USDT	0.2398	0.0100	get 0.0050% / 4h	1h 54m	$1.2M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → +0.012%: −$15.75
Slippage, 4 orders: −$50.29
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.04
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: 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, 3 min ago	2.11 bp	10.2 bp −$10	18.4 bp −$184	95.4 bp −$9,539	doesn't fit
Sell Gate live order book, 4 min ago	4.23 bp	27.8 bp −$28	126.9 bp −$1,269	270.5 bp −$27.1K	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
Deribit WIF_USDC-PERPETUAL	−0.0167%	1h	0.2399	−0.103%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0136%	4h	0.2398	−0.145%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2400	−0.062%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2398	−0.145%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.270%	$10K	$10K	12x	as long as short
Variational Omni WIF	+0.0086%	4h	0.2384	−0.716%	$68K	$65K	—	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2398	−0.145%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2403	+0.063%	$133K	$542K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2397	−0.187%	$53K	$483K	20x	as long as short
Aster WIFUSDT	+0.0097%	4h	0.2400	−0.072%	$25K	$255K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2403	+0.063%	$7.5M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2396	−0.243%	$76K	$48K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2401	long leg	$17.8M	$99.6M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2400	−0.062%	$16.8M	$34.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2401	−0.020%	$6.1M	$30.7M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2398	−0.145%	$1.2M	$6.9M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2399	−0.103%	$21.5M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2400	−0.062%	$7.3M	$11.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2400	−0.062%	—	$65.1M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2398	−0.141%	$75K	$235K	10x	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−0.770%	$274K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2379	−0.936%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2392	−0.395%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2397	−0.166%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2395	−0.270%	$166K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2399	−0.099%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2397	−0.166%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0179% / S −0.0952%	1h	0.2398	−0.165%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2401	−0.020%	$315K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2399	−0.103%	$970K	$704K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0377%	1h	0.2399	−0.090%	$631K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2398	−0.152%	$0	—	15x	as long as short