Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against Bybit−0.933%89s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.642% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+1.310%+$131 · spread now −0.933%, 7d avg +0.026%

Together, before fees+1.434%+$143 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: ApeX Omni is 0.959% cheaper against Bybit than usual: you would sell low and buy high, −$96 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2551	0.0100	pay 0.0050% / 4h	3h 56m	$17.4M	$41.4M	50x
Short	ApeX Omni WIFUSDT	0.2527	0.0100	get 0.0013% / 1h	56m 08s	$46K	$624K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.933%Rate

Funding earned: $0
Price spread: −0.933% → +0.026%: −$95.9
Slippage, 4 orders: −$43.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$160.08
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 62 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 Bybit live order book, 3 min ago	1.98 bp	13.5 bp −$14	34.7 bp −$347	160.7 bp −$16.1K	doesn't fit
Sell ApeX Omni live order book, 62 min ago	8.09 bp	21.0 bp −$21	127.1 bp −$1,271	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
BloFin WIF-USDT	−0.0207%	4h	0.2541	−0.384%	$1.0M	$894K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2536	−0.561%	$17K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2546	−0.171%	$821	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−3.168%	$11K	$10K	12x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2536	−0.580%	$55K	$518K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2558	+0.288%	$34K	$299K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2537	−0.556%	$78K	$62K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2553	+0.086%	$19.6M	$122.9M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2551	long leg	$17.4M	$41.4M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2551	+0.008%	$6.2M	$38.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0100%	4h	0.2554	+0.125%	$1.2M	$7.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2554	+0.125%	$23.6M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2558	+0.282%	$4.5M	$14.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2553	+0.086%	$7.8M	$13.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2553	+0.086%	—	$23.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2555	+0.180%	$79K	$302K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2556	+0.186%	$95K	$83K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2529	−0.858%	$283K	$2.4M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2527	−0.933%	$46K	$624K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2557	+0.243%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2553	+0.086%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2557	+0.263%	$591	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2557	+0.243%	$170K	$710K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2558	+0.265%	$11K	$145K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2556	+0.191%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0124% / S −0.0006%	1h	0.2541	−0.380%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2561	+0.400%	$347K	$2.9M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0359%	1h	0.2561	+0.408%	$662K	$2.3M	50x	as long as short
Lighter WIF	+0.0432%	1h	0.2559	+0.325%	$140K	$628K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0532%	1h	0.2559	+0.321%	$46K	$256K	25x	as long as short
Hyperliquid WIF	+0.0555%	1h	0.2559	+0.331%	$8.4M	$5.0M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2536	−0.596%	$1	—	15x	as long as short