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 −0.008%

Price spread now: MEXC against Bitget0.000%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.036%−$4 · spread now 0.000%, 7d avg −0.057%

Together, before fees−0.082%−$8 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: MEXC is 0.057% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2377	0.0100	pay 0.0050% / 4h	2h 34m	$7.2M	$11.5M	50x
Short	MEXC WIF_USDT	0.2377	0.0100	get 0.0050% / 4h	2h 34m	$21.2M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.057%: $5.74
Slippage, 4 orders: −$29.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$40.03
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	2.11 bp	12.3 bp −$12	16.9 bp −$169	58.2 bp −$5,824	doesn't fit
Sell MEXC live order book, 4 min ago	2.11 bp	8.3 bp −$8	21.2 bp −$212	94.3 bp −$9,431	148.7 bp −$74.4K

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	−0.0730%	1h	0.2376	−0.025%	$73K	$234K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.757%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0204%	4h	0.2376	−0.042%	$4.2M	$11.1M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0170%	1h	0.2379	+0.084%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2378	+0.057%	$625K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0058%	4h	0.2374	−0.109%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0028%	4h	0.2378	+0.042%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2377	0.000%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2380	+0.116%	$15K	—	150x	as long as short
Aster WIFUSDT	+0.0012%	4h	0.2378	+0.040%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0032%	4h	0.2375	−0.085%	$265K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2378	+0.042%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2378	+0.050%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2379	+0.084%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2381	+0.185%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2378	+0.029%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2378	+0.042%	$17.6M	$99.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2376	−0.025%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2377	0.000%	$6.1M	$30.0M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2377	0.000%	$21.2M	$10.8M	50x
Bitget WIFUSDTlong	+0.0100%	4h	0.2377	long leg	$7.2M	$11.5M	50x
BingX WIF-USDC	+0.0100%	4h	0.2375	−0.084%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2379	+0.084%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2375	−0.084%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2377	+0.021%	$540	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2376	−0.042%	$164K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2377	+0.010%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2378	+0.028%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0131% / S −0.0613%	1h	0.2379	+0.099%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2381	+0.168%	$311K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2374	−0.126%	$963K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2378	+0.039%	$0	—	15x	as long as short