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 +0.015%

Price spread now: Gate against Bybit+0.168%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days−0.141%−$14 · spread now +0.168%, 7d avg +0.026%

Together, before fees−0.085%−$9 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: Gate is 0.142% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.026%.

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	1h 50m	$16.6M	$34.8M	50x
Short	Gate WIF_USDT	0.2389	0.0100	get 0.0050% / 4h	1h 50m	$1.2M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → +0.026%: $14.19
Slippage, 4 orders: −$51.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.68
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: 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, 3 min ago	2.09 bp	13.1 bp −$13	28.4 bp −$284	184.0 bp −$18.4K	doesn't fit
Sell Gate live order book, 3 min ago	4.19 bp	29.9 bp −$30	158.1 bp −$1,581	277.3 bp −$27.7K	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
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2387	+0.084%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0124%	4h	0.2388	+0.126%	$4.3M	$11.3M	75x	as long as short
Backpack WIF_USDC_PERP	−0.0078%	1h	0.2388	+0.122%	$75K	$235K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2391	+0.243%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2389	+0.151%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	+0.419%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2387	+0.084%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0095%	4h	0.2389	+0.188%	$25K	$255K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2391	+0.268%	$133K	$543K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2388	+0.126%	$53K	$482K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2392	+0.289%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2390	+0.226%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2387	+0.066%	$17.6M	$99.8M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2385	long leg	$16.6M	$34.8M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2387	+0.084%	$6.1M	$30.5M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2389	+0.168%	$1.2M	$6.9M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2388	+0.126%	$21.4M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2388	+0.126%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2387	+0.084%	—	$65.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2388	+0.138%	$68K	$65K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.545%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2391	+0.252%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2384	−0.042%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2387	+0.071%	$548	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2388	+0.126%	$165K	$714K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2387	+0.068%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2387	+0.073%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0185% / S −0.0996%	1h	0.2389	+0.153%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2396	+0.461%	$314K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2387	+0.084%	$965K	$700K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0379%	1h	0.2389	+0.150%	$628K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2388	+0.140%	$0	—	15x	as long as short