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 −0.008%

Price spread now: MEXC against BingX+0.041%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.041%, 7d avg +0.081%

Together, before fees−0.052%−$5 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: MEXC is 0.041% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2462	0.0100	pay 0.0050% / 4h	53m 38s	—	$2.3M	—
Short	MEXC WIF_USDT	0.2463	0.0100	get 0.0050% / 4h	53m 38s	$22.4M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.081%: −$4.07
Slippage, 4 orders: −$49.47
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$67.54
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 10 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	6.13 bp	26.9 bp −$27	66.9 bp −$669	324.8 bp −$32.5K	770.8 bp −$385.4K
Sell MEXC live order book, 10 min ago	2.04 bp	8.1 bp −$8	21.1 bp −$211	88.3 bp −$8,828	142.5 bp −$71.3K

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	−0.0359%	1h	0.2470	+0.313%	$74K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2464	+0.064%	$18K	$589	10x	as long as short
KuCoin WIFUSDTM	0.0000%	4h	0.2461	−0.041%	$4.3M	$11.3M	75x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2475	+0.510%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.721%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2474	+0.487%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2463	+0.045%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2474	+0.487%	$55K	$485K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2467	+0.183%	$7.6M	$4.0M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2466	+0.158%	$25K	$256K	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	0.2463	+0.047%	$78K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2463	+0.041%	$18.5M	$102.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2461	−0.041%	$17.0M	$35.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2461	−0.041%	$6.2M	$32.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2463	+0.041%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2463	+0.041%	$22.4M	$10.8M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2464	+0.081%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2462	long leg	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2466	+0.169%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2463	+0.041%	$281K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2460	−0.081%	$43K	$620K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2471	+0.366%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2472	+0.406%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2469	+0.284%	$170K	$720K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2462	−0.019%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2473	+0.431%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2473	+0.447%	$49K	$289K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2474	+0.499%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2473	+0.447%	$326K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0316%	1h	0.2474	+0.492%	$660K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2470	+0.325%	$999K	$731K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2474	+0.474%	$0	—	15x	as long as short