Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0567%/8h= −62.1% APRpaid last 24h −0.039%

Price spread now: Injective against BingX+0.244%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.244% dearer against BingX than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2456	0.0100	pay 0.0050% / 4h	1h 42m	—	$27.2M	—
Short	Injective WIF/USDC PERP	0.2462	−0.0467	pay 0.0058% / 1h	42m 37s	$10K	$11K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.244%Rate

Funding earned: −$119.15
Price spread: +0.244% → 0.000%: $24.43
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$104.74
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 min ago; Injective: no order-book sample. Net counts fees only.

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, 11 min ago	4.11 bp	10.5 bp −$10	21.0 bp −$210	83.8 bp −$8,377	498.1 bp −$249.0K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective WIF/USDC PERPshort	−0.0467%	1h	0.2462	+0.244%	$10K	$11K	12x
BloFin WIF-USDT	−0.0140%	4h	0.2459	+0.122%	$980K	$928K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0020%	1h	0.2456	+0.004%	$73K	$295K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2456	−0.018%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2460	+0.183%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0056% / S +0.0251%	1h	0.2461	+0.195%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2457	+0.053%	$142K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2459	+0.122%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2457	+0.057%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2457	+0.034%	$31K	$351K	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	0.2456	−0.013%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2459	+0.131%	$18.7M	$143.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2459	+0.122%	$16.6M	$47.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2460	+0.163%	$5.5M	$41.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2456	0.000%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2455	−0.041%	$22.2M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2455	−0.041%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2459	+0.122%	$7.4M	$15.7M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2456	long leg	—	$27.2M	—
Variational Omni WIF	+0.0100%	4h	0.2441	−0.608%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−0.407%	$272K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2453	−0.122%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2460	+0.163%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2454	−0.081%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2457	+0.020%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2460	+0.163%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2455	−0.042%	$10K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2458	+0.078%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0157%	1h	0.2460	+0.163%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0347%	1h	0.2458	+0.096%	$638K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2466	+0.407%	$326K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2459	+0.127%	$0	—	15x	as long as short