Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Bitget−0.555%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.897%+$90 · spread now −0.555%, 7d avg −0.044%

Together, before fees+0.881%+$88 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: ApeX Omni is 0.511% cheaper against Bitget than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2524	0.0100	pay 0.0050% / 4h	2m 52s	$7.7M	$13.5M	50x
Short	ApeX Omni WIFUSDT	0.2510	0.0100	get 0.0013% / 1h	2m 52s	$46K	$626K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.555%Rate

Funding earned: $0
Price spread: −0.555% → −0.044%: −$51.07
Slippage, 4 orders: −$45.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$118.67
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 55 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 Bitget live order book, 1 min ago	1.98 bp	15.2 bp −$15	35.5 bp −$355	119.2 bp −$11.9K	doesn't fit
Sell ApeX Omni live order book, 55 min ago	8.09 bp	21.0 bp −$21	127.1 bp −$1,271	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	−0.0210%	4h	0.2525	+0.040%	$1.0M	$861K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0023%	1h	0.2523	−0.036%	$77K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2517	−0.296%	$18K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2526	+0.079%	$816	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−2.139%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2526	+0.075%	$140K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2523	−0.040%	$56K	$512K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2526	+0.076%	$33K	$286K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2518	−0.225%	$78K	$61K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2525	+0.036%	$19.3M	$120.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2522	−0.079%	$17.2M	$40.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2524	0.000%	$6.1M	$37.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2525	+0.040%	$1.2M	$7.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2525	+0.040%	$23.3M	$11.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2525	+0.040%	$4.5M	$14.6M	75x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2524	long leg	$7.7M	$13.5M	50x
BingX WIF-USDT	+0.0100%	4h	0.2525	+0.040%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	−0.869%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2506	−0.726%	$284K	$2.4M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2510	−0.555%	$46K	$626K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2527	+0.119%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2519	−0.198%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2524	0.000%	$586	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2526	+0.079%	$167K	$703K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2524	+0.012%	$11K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2527	+0.101%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0127% / S −0.0008%	1h	0.2526	+0.076%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0146%	1h	0.2527	+0.119%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0257%	1h	0.2527	+0.103%	$655K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2528	+0.158%	$336K	$2.9M	50x	as long as short
Hyperliquid WIF	+0.0347%	1h	0.2528	+0.172%	$8.3M	$5.0M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2527	+0.123%	$1	—	15x	as long as short