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: HTX against BingX+0.163%7-day average +0.617% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$1801.799% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)+0.392%+$39 · spread now +0.163%, 7d avg +0.617%

Together, before fees+0.572%+$57 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: HTX is 0.454% cheaper against BingX than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of +0.617%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2455	0.0100	pay 0.0050% / 4h	51m 09s	—	$2.3M	—
Short	HTX WIF-USDT	0.2459	0.0100	get 0.0050% / 4h	51m 09s	$169K	$722K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.617%: −$45.36
Slippage, 4 orders: −$157.86
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$225.22
Costs to cover: 1.799%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; HTX: 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, 7 min ago	6.13 bp	26.9 bp −$27	66.9 bp −$669	324.8 bp −$32.5K	770.8 bp −$385.4K
Sell HTX live order book, 27 min ago	8.27 bp	81.2 bp −$81	562.1 bp −$5,621	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	−0.0423%	1h	0.2458	+0.134%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2463	+0.312%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2464	+0.367%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2464	+0.367%	$15K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0010%	4h	0.2460	+0.204%	$4.3M	$11.3M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.444%	$10K	$10K	12x	as long as short
ApeX Omni WIFUSDT	+0.0083%	1h	0.2466	+0.448%	$43K	$620K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2463	+0.326%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2462	+0.289%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2465	+0.407%	$55K	$485K	20x	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	0.2463	+0.337%	$7.6M	$4.0M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2462	+0.287%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2462	+0.283%	$78K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2460	+0.204%	$18.5M	$102.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2459	+0.163%	$17.0M	$35.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2460	+0.204%	$6.1M	$32.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2460	+0.204%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2460	+0.204%	$22.4M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2461	+0.244%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2455	long leg	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2466	+0.455%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2470	+0.595%	$275K	$1.8M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2458	+0.122%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2462	+0.285%	$564	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2459	+0.163%	$169K	$722K	75x
Extended WIF-USD	+0.0104%	1h	0.2461	+0.245%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2462	+0.277%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2463	+0.342%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2463	+0.326%	$333K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0317%	1h	0.2464	+0.376%	$658K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2459	+0.163%	$997K	$729K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2463	+0.313%	$0	—	15x	as long as short