Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against Bitget−0.136%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 7 days+0.045%+$5 · spread now −0.136%, 7d avg −0.069%

Together, before fees−0.094%−$9 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: Bybit is 0.067% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2503	0.0100	pay 0.0050% / 4h	3h 20m	$7.6M	$12.2M	50x
Short	Bybit WIFUSDT	0.2500	0.0100	get 0.0050% / 4h	3h 20m	$17.2M	$37.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.069%: −$6.72
Slippage, 4 orders: −$39.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.56
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago	3.98 bp	12.7 bp −$13	31.5 bp −$315	141.3 bp −$14.1K	doesn't fit
Sell Bybit live order book, 3 min ago	1.99 bp	14.1 bp −$14	40.8 bp −$408	232.4 bp −$23.2K	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	−0.0247%	1h	0.2496	−0.272%	$76K	$254K	10x	as long as short
Gate WIF_USDT	−0.0164%	4h	0.2503	0.000%	$1.3M	$7.2M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0150%	1h	0.2500	−0.120%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0050%	4h	0.2499	−0.160%	$4.5M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2502	−0.056%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2500	−0.101%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.318%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2501	−0.092%	$656K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2503	−0.012%	$143K	$588K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	−0.160%	$57K	$497K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0097%	4h	0.2500	−0.120%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2503	−0.009%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2501	−0.072%	$77K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2502	−0.040%	$19.3M	$107.6M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2500	−0.136%	$17.2M	$37.1M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	−0.200%	$6.0M	$34.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2503	0.000%	$22.6M	$11.0M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2503	long leg	$7.6M	$12.2M	50x
BingX WIF-USDT	+0.0100%	4h	0.2502	−0.040%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	−0.236%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2501	−0.071%	$282K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	+0.400%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2495	−0.320%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2499	−0.144%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2499	−0.160%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2502	−0.023%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2499	−0.159%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0176%	1h	0.2506	+0.120%	$8.0M	$4.2M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0190% / S −0.0050%	1h	0.2500	−0.102%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2502	−0.040%	$336K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2500	−0.120%	$1.0M	$709K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2498	−0.205%	$0	—	15x	as long as short