Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.044%
Price spread now: BingX against BloFin−0.041%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.395%−$39 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.041%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.068% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin WIF-USDT | 0.2420 | 0.0340 | pay 0.0170% / 4h | 1h 10m | $974K | $713K | 75x |
| Short | BingX WIF-USDT | 0.2419 | 0.0100 | get 0.0050% / 4h | 1h 10m | — | $65.3M | — |
BloFin WIF-USDT
BingX WIF-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.041% → +0.026%
- −$6.75
- Slippage, 4 orders
- −$24.65
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.81
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; BingX: live order book, 8 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, 6 min ago | 6.19 bp | 12.2 bp −$12 | 17.4 bp −$174 | 47.6 bp −$4,763 | doesn't fit |
| Sell BingX live order book, 8 min ago | 2.07 bp | 9.9 bp −$10 | 17.9 bp −$179 | 52.9 bp −$5,295 | 414.9 bp −$207.5K |
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 | −0.0283% | 1h | 0.2418 | −0.095% | $74K | $246K | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.0163% | 1h | 0.2421 | +0.041% | $48K | $289K | 25x | as long as short |
| KuCoin WIFUSDTM | −0.0034% | 4h | 0.2418 | −0.083% | $4.1M | $11.2M | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2424 | +0.151% | $18K | $582 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2423 | +0.105% | $15K | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −1.033% | $10K | $10K | 12x | as long as short |
| Orderly PERP_WIF_USDC | +0.0090% | 4h | 0.2422 | +0.083% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2422 | +0.103% | $135K | $550K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2422 | +0.083% | $54K | $483K | 20x | as long as short |
| Hyperliquid WIF | +0.0100% | 1h | 0.2422 | +0.094% | $7.5M | $4.0M | 5x | as long as short |
Backpack WIF_USDC_PERP
Deribit WIF_USDC-PERPETUAL
KuCoin WIFUSDTM
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDT
Hyperliquid WIFShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2420 | −0.013% | $25K | $255K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2423 | +0.108% | $76K | $49K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2419 | −0.021% | $18.0M | $101.1M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2418 | −0.083% | $16.8M | $35.2M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2418 | −0.083% | $6.1M | $31.3M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2420 | 0.000% | $1.2M | $7.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2420 | 0.000% | $22.0M | $10.7M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2421 | +0.041% | $7.5M | $11.7M | 50x | as long as short |
| BingX WIF-USDTshort | +0.0100% | 4h | 0.2419 | −0.041% | — | $65.3M | — | |
| Variational Omni WIF | +0.0100% | 4h | 0.2420 | +0.008% | $71K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2429 | +0.372% | $277K | $1.8M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2429 | +0.372% | $43K | $618K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2419 | −0.041% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2421 | +0.025% | $551 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2419 | −0.041% | $168K | $719K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2420 | −0.021% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2421 | +0.041% | $81K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0233% / S −0.1328% | 1h | 0.2423 | +0.109% | $4K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2426 | +0.248% | $319K | $2.3M | 50x | as long as short |
| BloFin WIF-USDTlong | +0.0340% | 4h | 0.2420 | long leg | $974K | $713K | 75x | |
| Kraken Futures PF_WIFUSD | +0.0373% | 1h | 0.2422 | +0.103% | $633K | $2.1M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2421 | +0.048% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
Bitget WIFUSDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
Reya WIFRUSDPERP