Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.056%

Price spread now: ApeX Omni against BloFin−0.327%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.327%, 7d avg −0.017%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.309% cheaper against BloFin than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2449	0.0340	pay 0.0170% / 4h	3h 37m	$998K	$736K	75x
Short	ApeX Omni WIFUSDT	0.2441	0.0100	get 0.0013% / 1h	37m 43s	$43K	$632K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.327%Rate

Funding earned: −$50.4
Price spread: −0.327% → −0.017%: −$30.94
Slippage, 4 orders: −$42.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$145.65
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from BloFin: live order book, 34 min ago; ApeX Omni: live order book, 35 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 BloFin live order book, 34 min ago	4.12 bp	17.0 bp −$17	27.5 bp −$275	68.8 bp −$6,876	doesn't fit
Sell ApeX Omni live order book, 35 min ago	10.28 bp	18.7 bp −$19	124.4 bp −$1,244	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
Backpack WIF_USDC_PERP	−0.0395%	1h	0.2455	+0.261%	$75K	$252K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0157%	1h	0.2457	+0.327%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0072%	4h	0.2458	+0.367%	$1.2M	$7.0M	50x	as long as short
KuCoin WIFUSDTM	−0.0006%	4h	0.2454	+0.204%	$4.3M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2458	+0.351%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2458	+0.348%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.205%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2457	+0.329%	$635K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2457	+0.327%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2458	+0.372%	$146K	$581K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2457	+0.327%	$54K	$483K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2456	+0.278%	$25K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2459	+0.401%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2459	+0.408%	$18.5M	$105.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2458	+0.351%	$17.0M	$36.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2458	+0.367%	$6.0M	$33.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2458	+0.367%	$22.1M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2460	+0.449%	$7.6M	$11.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2450	+0.041%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	−0.322%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.239%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2441	−0.327%	$43K	$632K	25x
SunX WIF-USDT	+0.0100%	4h	0.2451	+0.082%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2456	+0.286%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2453	+0.163%	$169K	$741K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2458	+0.357%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2457	+0.330%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0123%	1h	0.2460	+0.465%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2457	+0.329%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2457	+0.327%	$325K	$2.4M	50x	as long as short
BloFin WIF-USDTlong	+0.0340%	4h	0.2449	long leg	$998K	$736K	75x
Reya WIFRUSDPERP	+0.0558%	1h	0.2456	+0.271%	$0	—	15x	as long as short