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 −0.011%

Price spread now: GRVT against BingX+0.326%99s7-day average +0.089% · 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—prices read too far apart to compare

costs, in and out, $10k−$670.668% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.216%−$22 · spread now +0.326%, 7d avg +0.089%

Together, before fees−0.237%+ Points / potential airdropGRVT: Active · farm board−$24 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: GRVT is 0.237% dearer against BingX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.089%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2384	0.0100	pay 0.0050% / 4h	2h 39m	—	$27.1M	—
Short	GRVT WIF_USDT_Perp	0.2392	0.0100	get 0.0050% / 4h	2h 39m	$271K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.326%Rate

Funding earned: $0
Price spread: +0.326% → +0.089%: $23.69
Slippage, 4 orders: −$47.83
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$43.14
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; GRVT: 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, 9 min ago	2.04 bp	9.2 bp −$9	20.3 bp −$203	79.8 bp −$7,985	460.8 bp −$230.4K
Sell GRVT live order book, 4 min ago	10.41 bp	26.8 bp −$27	86.4 bp −$864	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	−0.0144%	4h	0.2390	+0.252%	$1.0M	$892K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2390	+0.236%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2387	+0.126%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2388	+0.188%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0010%	1h	0.2385	+0.029%	$71K	$315K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0096% / S +0.0030%	1h	0.2387	+0.134%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2388	+0.164%	$143K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2390	+0.252%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2389	+0.210%	$8.4M	$6.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2386	+0.078%	$33K	$330K	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	0.2389	+0.216%	$75K	$68K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2385	+0.043%	$18.6M	$137.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2385	+0.046%	$16.4M	$45.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2385	+0.042%	$5.5M	$38.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2386	+0.084%	$1.1M	$8.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2385	+0.042%	$21.6M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2385	+0.042%	$3.9M	$15.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2386	+0.084%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2384	long leg	—	$27.1M	—
Variational Omni WIF	+0.0100%	4h	0.2389	+0.214%	$89K	$173K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2392	+0.326%	$271K	$2.6M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2407	+0.965%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2386	+0.084%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2382	−0.084%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2386	+0.084%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2388	+0.168%	$169K	$777K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2385	+0.037%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2387	+0.105%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0251%	1h	0.2386	+0.075%	$634K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2388	+0.168%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2389	+0.216%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2393	+0.378%	$10K	$10K	12x	as long as short