Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0338%/8h= −37.1% APRpaid last 24h −0.074%

Price spread now: gTrade (Gains Network) against BloFin−0.141%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and gTrade (Gains Network) is 0.141% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2404	0.0340	pay 0.0170% / 4h	1h 27m	$984K	$706K	75x
Short	gTrade (Gains Network) WIF/USD	0.2401	L +0.0002% / S −0.0002%	get 0.0000% / 1h	27m 11s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.141%Rate

Funding earned: −$71.08
Price spread: −0.141% → 0.000%: −$14.1
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$107.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 55 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 55 min ago	6.30 bp	19.8 bp −$20	26.9 bp −$269	62.1 bp −$6,208	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0305%	1h	0.2401	−0.116%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0068%	4h	0.2401	−0.125%	$4.1M	$11.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2397	−0.304%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2403	−0.042%	$47K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0002%	1h	0.2401	−0.141%	$15K	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.374%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2402	−0.083%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2403	−0.033%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2400	−0.166%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2406	+0.075%	$7.5M	$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	0.2400	−0.175%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2397	−0.280%	$76K	$50K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2402	−0.083%	$17.9M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2402	−0.083%	$16.6M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2403	−0.042%	$6.0M	$31.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2401	−0.125%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2403	−0.042%	$21.5M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2403	−0.042%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2403	−0.042%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2396	−0.345%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2400	−0.167%	$266K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2397	−0.291%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2396	−0.333%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2402	−0.104%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2398	−0.250%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2402	−0.101%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2405	+0.040%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0213% / S −0.1190%	1h	0.2401	−0.132%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2405	+0.042%	$317K	$2.3M	50x	as long as short
BloFin WIF-USDTlong	+0.0340%	4h	0.2404	long leg	$984K	$706K	75x
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2404	+0.015%	$629K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2399	−0.221%	$0	—	15x	as long as short