Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: Bitget against Bybit−0.033%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 7 days+0.132%+$13 · spread now −0.033%, 7d avg +0.068%

Together, before fees+0.293%+$29 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: Bitget is 0.101% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2422	0.0100	pay 0.0050% / 4h	1h 40m	$16.8M	$34.9M	50x
Short	Bitget WIFUSDT	0.2421	0.0100	get 0.0050% / 4h	1h 40m	$7.5M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.068%: −$10.15
Slippage, 4 orders: −$31.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.73
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	2.08 bp	15.4 bp −$15	29.8 bp −$298	200.6 bp −$20.1K	doesn't fit
Sell Bitget live order book, 3 min ago	4.17 bp	15.1 bp −$15	27.3 bp −$273	94.7 bp −$9,472	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	−0.0166%	1h	0.2422	+0.025%	$77K	$239K	10x	as long as short
KuCoin WIFUSDTM	−0.0088%	4h	0.2426	+0.173%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2426	+0.173%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2427	+0.215%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2427	+0.197%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.107%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2426	+0.173%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2426	+0.161%	$136K	$548K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2428	+0.256%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2427	+0.208%	$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	0.2424	+0.109%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2426	+0.172%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2423	+0.059%	$18.1M	$100.5M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2422	long leg	$16.8M	$34.9M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2419	−0.116%	$6.1M	$31.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2424	+0.091%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2420	−0.074%	$21.7M	$10.6M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2421	−0.033%	$7.5M	$11.7M	50x
BingX WIF-USDT	+0.0100%	4h	0.2425	+0.132%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.065%	$70K	$67K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2399	−0.942%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2398	−0.983%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2422	+0.008%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2427	+0.194%	$558	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2422	+0.008%	$168K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2420	−0.072%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2427	+0.215%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0198% / S −0.1080%	1h	0.2427	+0.220%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2429	+0.297%	$318K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2424	+0.091%	$979K	$710K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0373%	1h	0.2428	+0.262%	$634K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2427	+0.221%	$0	—	15x	as long as short