Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h −0.019%

Price spread now: Kraken Futures against BingX+0.188%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 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 +$4 a day on $10k at the current rate, and Kraken Futures is 0.188% dearer against BingX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.190%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2507	0.0100	pay 0.0050% / 4h	2h 55m	—	$2.3M	—
Short	Kraken Futures PF_WIFUSD	0.2512	0.0238	get 0.0030% / 1h	55m 44s	$656K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.188%Rate

Funding earned: $28.97
Price spread: +0.188% → 0.000%: $18.81
Slippage, 4 orders: −$71.51
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.73
Costs to cover: 0.915%
Break-even: 17.6 days

Slippage from BingX: live order book, 8 min ago; Kraken Futures: 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	5.98 bp	17.7 bp −$18	44.6 bp −$446	284.0 bp −$28.4K	687.9 bp −$344.0K
Sell Kraken Futures live order book, 3 min ago	8.01 bp	30.9 bp −$31	62.8 bp −$628	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	−0.0199%	4h	0.2513	+0.239%	$1.1M	$911K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2515	+0.339%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2511	+0.160%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2509	+0.080%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2512	+0.207%	$145K	$654K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2511	+0.160%	$53K	$566K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2508	+0.032%	$41K	$313K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2514	+0.281%	$78K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2507	+0.007%	$19.7M	$132.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2505	−0.060%	$17.3M	$43.8M	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	0.2504	−0.120%	$5.9M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2507	0.000%	$1.2M	$8.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2506	−0.040%	$23.0M	$11.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2508	+0.040%	$4.4M	$15.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2502	−0.199%	$7.7M	$14.8M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2507	long leg	—	$2.3M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2507	+0.012%	$73K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2508	+0.042%	$76K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2497	−0.387%	$278K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	−0.479%	$46K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2510	+0.120%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2506	−0.040%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2510	+0.120%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2510	+0.120%	$165K	$738K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0102% / S +0.0026%	1h	0.2509	+0.084%	$9K	—	100x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2506	−0.047%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2510	+0.104%	$84K	$85	3x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0238%	1h	0.2512	+0.188%	$656K	$2.4M	50x
Hyperliquid WIF	+0.0400%	1h	0.2507	+0.012%	$8.8M	$5.6M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2510	+0.120%	$335K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2507	−0.016%	$1	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2555	+1.915%	$11K	$10K	12x	as long as short