Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.037%

Price spread now: Coinbase International against Bitget+0.040%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now +0.040%, 7d avg +0.110%

Together, before fees+0.414%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.070% cheaper against Bitget than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.110%). If the spread goes back, that is −$7 on $10k: about 27 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2473	0.0100	pay 0.0050% / 4h	2h 31m	$7.5M	$12.4M	50x
Short	Coinbase International WIF-PERP-INTX	0.2474	0.0304	get 0.0038% / 1h	31m 15s	$325K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.040%Rate

Funding earned: $42.84
Price spread: +0.040% → +0.110%: −$7
Slippage, 4 orders: −$52.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$38.27
Costs to cover: 0.741%
Break-even: 13.3 days

Slippage from Bitget: live order book, 2 min ago; Coinbase International: 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, 2 min ago	2.03 bp	12.0 bp −$12	27.1 bp −$271	109.6 bp −$11.0K	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.09 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit

WIF on 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.121%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0080%	4h	0.2471	−0.081%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2474	+0.042%	$642K	$2.3M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2472	−0.055%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2473	0.000%	$49K	$276K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2471	−0.065%	$799	—	150x	as long as short
KuCoin WIFUSDTM	+0.0024%	4h	0.2471	−0.081%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0064%	1h	0.2471	−0.085%	$77K	$271K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2474	+0.053%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2472	−0.040%	$56K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2473	0.000%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2473	+0.006%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2472	−0.052%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2473	−0.007%	$18.8M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2472	−0.040%	$16.9M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2472	−0.040%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2472	−0.040%	$22.2M	$11.1M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2473	long leg	$7.5M	$12.4M	50x
BingX WIF-USDT	+0.0100%	4h	0.2473	0.000%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.117%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2463	−0.401%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	−0.081%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2468	−0.202%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2472	−0.036%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2467	−0.243%	$168K	$724K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2472	−0.036%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2474	+0.026%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0174% / S −0.0039%	1h	0.2472	−0.048%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0212%	1h	0.2476	+0.117%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0304%	1h	0.2474	+0.040%	$325K	$2.5M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2472	−0.035%	$0	—	15x	as long as short