Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: GRVT against Bitget−0.569%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.550%+$55 · spread now −0.569%, 7d avg +0.050%

Together, before fees+0.530%+ Points / potential airdropGRVT: Active · farm board+$53 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: GRVT is 0.619% cheaper against Bitget than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2460	0.0100	pay 0.0050% / 4h	1h 43m	$7.4M	$15.7M	50x
Short	GRVT WIF_USDT_Perp	0.2446	0.0100	get 0.0050% / 4h	1h 43m	$272K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.569%Rate

Funding earned: $0
Price spread: −0.569% → +0.050%: −$61.94
Slippage, 4 orders: −$51.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$134.13
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; GRVT: live order book, 5 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, just now	4.07 bp	16.2 bp −$16	30.9 bp −$309	107.4 bp −$10.7K	doesn't fit
Sell GRVT live order book, 5 min ago	4.08 bp	15.3 bp −$15	69.6 bp −$696	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	+0.081%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2459	−0.041%	$980K	$928K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0015%	1h	0.2450	−0.390%	$73K	$295K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2452	−0.342%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2460	+0.020%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0056% / S +0.0251%	1h	0.2461	+0.032%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2459	−0.024%	$142K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2461	+0.041%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2463	+0.138%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2458	−0.083%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2456	−0.160%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2457	−0.113%	$18.7M	$143.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2458	−0.098%	$16.6M	$47.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2457	−0.122%	$5.5M	$41.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2461	+0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2461	+0.041%	$22.3M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2460	0.000%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2460	long leg	$7.4M	$15.7M	50x
BingX WIF-USDT	+0.0100%	4h	0.2458	−0.081%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	−0.769%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2446	−0.569%	$272K	$2.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2453	−0.285%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2460	0.000%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2454	−0.244%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2457	−0.142%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2460	0.000%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2458	−0.083%	$10K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2458	−0.085%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0157%	1h	0.2460	0.000%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0347%	1h	0.2458	−0.067%	$638K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2466	+0.244%	$326K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2460	−0.016%	$0	—	15x	as long as short