WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0296%/8h= −32.4% APRnext payment −$1.48 per $10,000 · paid last 24h −0.018%

Price spread now: KuCoin against BingX−0.084%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$780.775% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days+0.209%+$21 · spread now −0.084%, 7d avg +0.101%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.185% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2385	0.0100	pay 0.0050% / 4h	2h 23m	—	$2.3M	—
Short	KuCoin WIFUSDTM	0.2383	−0.0196	pay 0.0098% / 4h	2h 23m	$4.2M	$11.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$62.16
Price spread: −0.084% → +0.101%: −$18.46
Slippage, 4 orders: −$55.52
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$158.15
Costs to cover: 0.775%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	2.12 bp	18.9 bp −$19	58.1 bp −$581	303.6 bp −$30.4K	602.9 bp −$301.4K
Sell KuCoin live order book, 5 min ago	2.11 bp	20.8 bp −$21	56.3 bp −$563	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	−0.0643%	1h	0.2381	−0.151%	$74K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.419%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTMshort	−0.0196%	4h	0.2383	−0.084%	$4.2M	$11.2M	75x
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2384	−0.042%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2385	−0.002%	$630K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0011%	4h	0.2382	−0.129%	$67K	$47K	—	as long as short
dYdX WIF-USD	0.0000%	1h	0.2387	+0.083%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2384	−0.042%	$15K	—	150x	as long as short
Aster WIFUSDT	+0.0033%	4h	0.2385	−0.006%	$23K	$254K	10x	as long as short
Gate WIF_USDT	+0.0036%	4h	0.2384	−0.042%	$1.2M	$6.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0044%	4h	0.2372	−0.545%	$273K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2384	−0.042%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2384	−0.042%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2384	−0.042%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2385	+0.008%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2387	+0.074%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2383	−0.080%	$17.6M	$99.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2383	−0.084%	$16.7M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2382	−0.126%	$6.0M	$30.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2383	−0.084%	$21.3M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2383	−0.084%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2385	long leg	—	$2.3M	—
ApeX Omni WIFUSDT	+0.0100%	1h	0.2371	−0.587%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2379	−0.252%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2383	−0.080%	$543	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2383	−0.084%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2382	−0.117%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2384	−0.063%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0144% / S −0.0706%	1h	0.2384	−0.032%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2388	+0.126%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2383	−0.084%	$975K	$690K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2382	−0.107%	$0	—	15x	as long as short