Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against BingX+0.155%7-day average −0.050% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.590%−$59 · spread now +0.155%, 7d avg −0.050%

Together, before fees−0.630%+ Points / potential airdropExtended: Active · farm board−$63 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: Extended is 0.205% dearer against BingX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2488	0.0100	pay 0.0050% / 4h	28m 48s	—	$23.5M	—
Short	Extended WIF-USD	0.2492	0.0104	get 0.0013% / 1h	28m 48s	$9K	$147K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.155%Rate

Funding earned: $0.84
Price spread: +0.155% → −0.050%: $20.53
Slippage, 4 orders: −$42.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.08
Costs to cover: 0.575%
Break-even: 307.7 days

Slippage from BingX: live order book, 10 min ago; Extended: live order book, 27 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, 10 min ago	2.03 bp	9.5 bp −$9	20.3 bp −$203	46.6 bp −$4,663	467.2 bp −$233.6K
Sell Extended live order book, 27 min ago	8.03 bp	19.4 bp −$19	98.6 bp −$986	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	−0.0190%	1h	0.2487	−0.056%	$77K	$291K	10x	as long as short
BloFin WIF-USDT	−0.0181%	4h	0.2488	0.000%	$996K	$827K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.142%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2490	+0.080%	$45K	$260K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2490	+0.095%	$805	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.723%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2490	+0.080%	$139K	$630K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2489	+0.040%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2487	−0.051%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2492	+0.157%	$78K	$60K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2491	+0.116%	$18.8M	$118.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2494	+0.257%	$17.0M	$39.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2494	+0.241%	$6.0M	$36.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2487	−0.040%	$1.2M	$7.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	+0.201%	$23.0M	$11.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2492	+0.161%	$4.6M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2487	−0.040%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2488	long leg	—	$23.5M	—
Variational Omni WIF	+0.0100%	4h	0.2485	−0.118%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2488	0.000%	$282K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	−0.643%	$45K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2490	+0.080%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2487	−0.040%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2491	+0.121%	$580	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	−0.040%	$166K	$695K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2492	+0.155%	$9K	$147K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2490	+0.061%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0135% / S −0.0013%	1h	0.2490	+0.071%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2492	+0.147%	$647K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0309%	1h	0.2491	+0.105%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2491	+0.121%	$327K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	+0.104%	$0	—	15x	as long as short