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 −0.012%

Price spread now: GRVT against Binance−0.199%89s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$680.681% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.426%+$43 · spread now −0.199%, 7d avg −0.063%

Together, before fees+0.443%+ Points / potential airdropGRVT: Active · farm board+$44 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: GRVT is 0.136% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.063%. The two prices were read 89 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	0.2456	0.0100	pay 0.0050% / 4h	58m 02s	$18.4M	$101.9M	75x
Short	GRVT WIF_USDT_Perp	0.2451	0.0100	get 0.0050% / 4h	58m 02s	$279K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.063%: −$13.55
Slippage, 4 orders: −$49.1
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$81.66
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; GRVT: live order book, 5 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	2.06 bp	10.4 bp −$10	26.2 bp −$262	117.2 bp −$11.7K	doesn't fit
Sell GRVT live order book, 5 min ago	2.04 bp	25.4 bp −$25	188.8 bp −$1,888	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
Backpack WIF_USDC_PERP	−0.0676%	1h	0.2453	−0.130%	$75K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2453	−0.130%	$48K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0018%	4h	0.2452	−0.171%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2456	−0.022%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2454	−0.107%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.492%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2453	−0.130%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2455	−0.045%	$134K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2456	−0.008%	$55K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2458	+0.085%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2455	−0.032%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2457	+0.042%	$77K	$49K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2456	long leg	$18.4M	$101.9M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2454	−0.090%	$17.0M	$35.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2456	−0.008%	$6.1M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2454	−0.090%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2456	−0.008%	$22.3M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2456	−0.008%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2454	−0.090%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2444	−0.490%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2451	−0.199%	$279K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	−0.375%	$43K	$620K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2449	−0.293%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2454	−0.110%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2454	−0.090%	$170K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2455	−0.049%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2453	−0.130%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2453	−0.119%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2455	−0.049%	$322K	$2.3M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0318%	1h	0.2455	−0.038%	$654K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2452	−0.171%	$994K	$725K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2454	−0.104%	$0	—	15x	as long as short