Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against Bitget−0.006%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now −0.006%, 7d avg −0.080%

Together, before fees−0.249%+ Points / potential airdropExtended: Active · farm board−$25 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: Extended is 0.074% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2474	0.0100	pay 0.0050% / 4h	2h 31m	$7.5M	$12.4M	50x
Short	Extended WIF-USD	0.2474	0.0104	get 0.0013% / 1h	31m 59s	$11K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0.84
Price spread: −0.006% → −0.080%: $7.37
Slippage, 4 orders: −$49.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.72
Costs to cover: 0.669%
Break-even: 496.3 days

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 34 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 Extended live order book, 34 min ago	8.07 bp	19.6 bp −$20	100.4 bp −$1,004	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	−0.162%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0086%	4h	0.2471	−0.121%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2474	−0.011%	$641K	$2.3M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2473	−0.056%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2473	−0.025%	$799	—	150x	as long as short
KuCoin WIFUSDTM	+0.0024%	4h	0.2474	0.000%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0064%	1h	0.2471	−0.125%	$77K	$271K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2473	−0.020%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2474	0.000%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2473	−0.040%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2473	−0.042%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2472	−0.073%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2474	+0.017%	$18.8M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2474	−0.004%	$17.0M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2475	+0.040%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2473	−0.040%	$22.2M	$11.1M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2474	long leg	$7.5M	$12.4M	50x
BingX WIF-USDC	+0.0100%	4h	0.2471	−0.121%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	−0.117%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2468	−0.242%	$276K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	−0.121%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2469	−0.202%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2473	−0.053%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2469	−0.202%	$169K	$724K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2474	−0.006%	$11K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2473	−0.033%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2474	0.000%	$49K	$279K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0174% / S −0.0040%	1h	0.2473	−0.055%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0210%	1h	0.2477	+0.109%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2475	+0.040%	$325K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2474	+0.005%	$0	—	15x	as long as short