Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.038%

Price spread now: Coinbase International against BingX+0.280%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.280% dearer against BingX than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2498	0.0100	pay 0.0050% / 4h	1h 15m	—	$2.3M	—
Short	Coinbase International WIF-PERP-INTX	0.2505	0.0312	get 0.0039% / 1h	15m 27s	$333K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.280%Rate

Funding earned: $44.52
Price spread: +0.280% → 0.000%: $28.02
Slippage, 4 orders: −$61.75
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.2
Costs to cover: 0.817%
Break-even: 8.4 days

Slippage from BingX: live order book, 8 min ago; Coinbase International: live order book, 3 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, 8 min ago	8.05 bp	23.9 bp −$24	51.6 bp −$516	307.0 bp −$30.7K	731.9 bp −$365.9K
Sell Coinbase International live order book, 3 min ago	6.01 bp	18.7 bp −$19	31.3 bp −$313	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
BloFin WIF-USDT	−0.0188%	4h	0.2498	0.000%	$783K	$833K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2500	+0.060%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2505	+0.300%	$810	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.121%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2501	+0.128%	$141K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	+0.040%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2502	+0.158%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2501	+0.111%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2500	+0.080%	$19.1M	$114.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2498	0.000%	$17.2M	$38.6M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	0.000%	$6.0M	$35.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2499	+0.040%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2500	+0.080%	$22.5M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2499	+0.040%	$4.4M	$13.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2498	0.000%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2498	long leg	—	$2.3M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2502	+0.168%	$86K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	+0.201%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2503	+0.198%	$285K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	−0.120%	$43K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2506	+0.320%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2501	+0.120%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2505	+0.280%	$575	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2501	+0.120%	$168K	$694K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2498	+0.014%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2505	+0.283%	$84K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2505	+0.298%	$657K	$2.3M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0149%	1h	0.2506	+0.320%	$47K	$258K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0150% / S −0.0023%	1h	0.2505	+0.289%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0312%	1h	0.2505	+0.280%	$333K	$2.7M	50x
Hyperliquid WIF	+0.0332%	1h	0.2504	+0.232%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2498	+0.003%	$0	—	15x	as long as short