Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Orderly against Binance−0.037%7-day average −0.014% · you buy dearer than you sell

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.037%, 7d avg −0.014%

Together, before fees+0.234%+$23 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: Orderly is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2464	0.0100	pay 0.0050% / 4h	1h 41m	$18.8M	$114.2M	75x
Short	Orderly PERP_WIF_USDC	0.2463	0.0100	get 0.0050% / 4h	1h 41m	$5K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.014%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Orderly: 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, 2 min ago	2.02 bp	12.6 bp −$13	26.0 bp −$260	104.3 bp −$10.4K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
BloFin WIF-USDT	−0.0177%	4h	0.2463	−0.037%	$1.0M	$819K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0094%	1h	0.2467	+0.105%	$78K	$280K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2460	−0.177%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2462	−0.078%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2464	+0.018%	$797	—	150x	as long as short
Gate WIF_USDT	+0.0004%	4h	0.2463	−0.037%	$1.2M	$7.5M	50x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.247%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2464	0.000%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2462	−0.078%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2464	+0.005%	$34K	$283K	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	0.2460	−0.167%	$76K	$56K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2464	long leg	$18.8M	$114.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2462	−0.078%	$16.9M	$38.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2464	+0.004%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2463	−0.037%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2463	−0.037%	$4.4M	$13.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2464	+0.004%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2464	+0.004%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2450	−0.562%	$74K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2477	+0.528%	$282K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	+0.288%	$42K	$630K	25x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2463	−0.037%	$5K	$1.3M	10x
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.159%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2462	−0.057%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2458	−0.240%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2461	−0.124%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2462	−0.079%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2464	−0.012%	$644K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0158% / S −0.0029%	1h	0.2464	−0.010%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0273%	1h	0.2467	+0.146%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2471	+0.288%	$330K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2463	−0.024%	$0	—	15x	as long as short