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 −0.011%

Price spread now: Gate against Bitget+0.122%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$790.792% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days−0.194%−$19 · spread now +0.122%, 7d avg −0.043%

Together, before fees−0.300%−$30 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: Gate is 0.165% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2451	0.0100	pay 0.0050% / 4h	1h 00m	$7.5M	$11.7M	50x
Short	Gate WIF_USDT	0.2454	0.0100	get 0.0050% / 4h	1h 00m	$1.2M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → −0.043%: $16.5
Slippage, 4 orders: −$52.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.69
Costs to cover: 0.792%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: 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	2.04 bp	12.6 bp −$13	23.2 bp −$232	89.9 bp −$8,995	doesn't fit
Sell Gate live order book, 3 min ago	4.09 bp	27.4 bp −$27	142.2 bp −$1,422	280.2 bp −$28.0K	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	−0.0291%	1h	0.2451	+0.012%	$75K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0024%	4h	0.2451	0.000%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2456	+0.189%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2456	+0.204%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2458	+0.268%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.285%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2456	+0.204%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2457	+0.237%	$134K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2452	+0.041%	$55K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2456	+0.187%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2454	+0.141%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2455	+0.146%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2453	+0.061%	$18.4M	$101.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2450	−0.041%	$16.9M	$35.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2450	−0.041%	$6.2M	$31.9M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2454	+0.122%	$1.2M	$7.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2452	+0.041%	$22.4M	$10.8M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2451	long leg	$7.5M	$11.7M	50x
BingX WIF-USDT	+0.0100%	4h	0.2453	+0.082%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2438	−0.523%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2447	−0.163%	$279K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	−0.163%	$43K	$620K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2450	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2454	+0.102%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2451	0.000%	$170K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2451	−0.020%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2455	+0.144%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.1303%	1h	0.2456	+0.223%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2447	−0.163%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2453	+0.082%	$988K	$725K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0368%	1h	0.2457	+0.231%	$655K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2450	−0.024%	$0	—	15x	as long as short