Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.020%

Price spread now: Extended against Bybit+0.036%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$640.645% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.036%, 7d avg −0.002%

Together, before fees−0.009%+ Points / potential airdropExtended: Active · farm board−$1 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: Extended is 0.039% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2385	0.0100	pay 0.0050% / 4h	2h 38m	$16.4M	$45.6M	50x
Short	Extended WIF-USD	0.2386	0.0104	get 0.0013% / 1h	38m 39s	$8K	$163K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0.84
Price spread: +0.036% → −0.002%: $3.85
Slippage, 4 orders: −$48.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.79
Costs to cover: 0.645%
Break-even: 505.3 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 7 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, 5 min ago	2.08 bp	15.5 bp −$16	30.0 bp −$300	115.7 bp −$11.6K	doesn't fit
Sell Extended live order book, 7 min ago	6.13 bp	18.7 bp −$19	99.3 bp −$993	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	−0.0140%	4h	0.2386	+0.042%	$1.0M	$890K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0013%	1h	0.2386	+0.046%	$72K	$316K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2382	−0.142%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2385	0.000%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2385	0.000%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0095% / S +0.0031%	1h	0.2385	+0.002%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2389	+0.189%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2385	0.000%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2391	+0.268%	$8.4M	$6.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2385	+0.006%	$33K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2387	+0.080%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2384	−0.036%	$18.6M	$137.3M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2385	long leg	$16.4M	$45.6M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2385	0.000%	$5.5M	$38.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2385	0.000%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2385	0.000%	$21.6M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2386	+0.042%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2387	+0.084%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2383	−0.084%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2389	+0.172%	$89K	$173K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2389	+0.157%	$268K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2392	+0.294%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2384	−0.042%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2382	−0.126%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2384	−0.021%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2383	−0.084%	$168K	$777K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2386	+0.036%	$8K	$163K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2385	0.000%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0251%	1h	0.2386	+0.031%	$634K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2387	+0.084%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2385	−0.004%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2393	+0.335%	$10K	$10K	12x	as long as short