Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.094%

Price spread now: Injective against BloFin−2.444%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 −$9 a day on $10k at the current rate, and Injective is 2.444% cheaper against BloFin than usual: you would sell low and buy high (−$244 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	0.2455	0.0340	pay 0.0170% / 4h	0m 10s	$986K	$738K	75x
Short	Injective WIF/USDC PERP	0.2395	0.0033	get 0.0004% / 1h	0m 10s	$10K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.444%Rate

Funding earned: −$64.4
Price spread: −2.444% → 0.000%: −$244.4
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$320.82
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 12 min ago; Injective: 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, 12 min ago	4.12 bp	17.0 bp −$17	27.5 bp −$275	68.8 bp −$6,876	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0402%	1h	0.2452	−0.126%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0157%	1h	0.2455	0.000%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2457	+0.066%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2456	+0.022%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0016%	4h	0.2453	−0.081%	$4.3M	$11.8M	75x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2395	−2.444%	$10K	$10K	12x
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2454	−0.041%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2455	−0.012%	$137K	$572K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2455	0.000%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2458	+0.118%	$7.7M	$4.1M	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	0.2455	+0.008%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2458	+0.104%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2453	−0.081%	$18.4M	$104.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2452	−0.122%	$16.9M	$36.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2452	−0.122%	$6.0M	$32.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2454	−0.041%	$1.2M	$7.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2454	−0.041%	$22.2M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2454	−0.041%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2453	−0.081%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2454	−0.054%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−0.244%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2460	+0.204%	$43K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2451	−0.163%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2454	−0.061%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2450	−0.204%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2453	−0.081%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2454	−0.054%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2456	+0.037%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2457	+0.081%	$329K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0318%	1h	0.2456	+0.029%	$636K	$2.2M	50x	as long as short
BloFin WIF-USDTlong	+0.0340%	4h	0.2455	long leg	$986K	$738K	75x
Reya WIFRUSDPERP	+0.0558%	1h	0.2454	−0.034%	$0	—	15x	as long as short