Funding arb · Price arb /

WIF

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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 0.000%

Price spread now: Bitget against BingX+0.083%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.015%+$2 · spread now +0.083%, 7d avg +0.139%

Together, before fees+0.015%+$2 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: Bitget is 0.056% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2401	0.0100	pay 0.0050% / 4h	1h 44m	—	$2.3M	—
Short	Bitget WIFUSDT	0.2403	0.0100	get 0.0050% / 4h	1h 44m	$7.4M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.139%: −$5.6
Slippage, 4 orders: −$47.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.98
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bitget: 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 BingX live order book, 4 min ago	2.09 bp	23.5 bp −$23	60.7 bp −$607	304.2 bp −$30.4K	736.7 bp −$368.3K
Sell Bitget live order book, 4 min ago	4.18 bp	14.3 bp −$14	23.9 bp −$239	81.0 bp −$8,101	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	−0.0212%	1h	0.2401	+0.012%	$75K	$235K	10x	as long as short
KuCoin WIFUSDTM	−0.0096%	4h	0.2402	+0.042%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2402	+0.028%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2403	+0.083%	$47K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2403	+0.066%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.250%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2402	+0.042%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2403	+0.071%	$134K	$547K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2404	+0.125%	$53K	$483K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2403	+0.081%	$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	0.2406	+0.187%	$7.5M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2402	+0.057%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2402	+0.047%	$17.7M	$99.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2403	+0.067%	$16.7M	$34.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2403	+0.083%	$6.1M	$30.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2403	+0.083%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2402	+0.042%	$21.5M	$10.6M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2403	+0.083%	$7.4M	$11.7M	50x
BingX WIF-USDClong	+0.0100%	4h	0.2401	long leg	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2387	−0.572%	$68K	$65K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2387	−0.580%	$271K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2393	−0.333%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2398	−0.125%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2402	+0.021%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2396	−0.208%	$166K	$717K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2402	+0.023%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2401	+0.003%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0192% / S −0.1047%	1h	0.2402	+0.051%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2405	+0.167%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2397	−0.167%	$971K	$703K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2404	+0.116%	$631K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2402	+0.033%	$0	—	15x	as long as short