Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: HTX against Binance−0.133%7-day average +0.495% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)+0.548%+$55 · spread now −0.133%, 7d avg +0.495%

Together, before fees+0.776%+$78 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: HTX is 0.628% cheaper against Binance than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of +0.495%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2445	0.0100	pay 0.0050% / 4h	1h 32m	$18.6M	$143.5M	75x
Short	HTX WIF-USDT	0.2442	0.0100	get 0.0050% / 4h	1h 32m	$142K	$904K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → +0.495%: −$62.83
Slippage, 4 orders: −$62.84
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$147.67
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; HTX: live order book, 11 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, 10 min ago	2.04 bp	10.7 bp −$11	24.3 bp −$243	101.7 bp −$10.2K	doesn't fit
Sell HTX live order book, 11 min ago	10.17 bp	30.9 bp −$31	510.4 bp −$5,104	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	−0.0467%	1h	0.2462	+0.685%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2450	+0.194%	$979K	$922K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0048%	1h	0.2447	+0.080%	$72K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2446	+0.011%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2448	+0.129%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0047% / S +0.0253%	1h	0.2441	−0.174%	$20K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2447	+0.092%	$141K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2449	+0.153%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2449	+0.137%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2446	+0.035%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2444	−0.042%	$77K	$70K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2445	long leg	$18.6M	$143.5M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2443	−0.084%	$16.5M	$47.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2440	−0.215%	$5.5M	$41.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2446	+0.031%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	+0.072%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2446	+0.031%	$4.0M	$16.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2447	+0.072%	$7.4M	$15.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2447	+0.072%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	−0.028%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2457	+0.488%	$273K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2457	+0.481%	$45K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2447	+0.072%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2442	−0.133%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2447	+0.076%	$562	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2442	−0.133%	$142K	$904K	75x
Extended WIF-USD	+0.0104%	1h	0.2446	+0.027%	$10K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2447	+0.086%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0159%	1h	0.2448	+0.113%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0348%	1h	0.2450	+0.203%	$635K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2449	+0.153%	$323K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2446	+0.035%	$0	—	15x	as long as short