Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: HTX against Bybit+0.024%7-day average +0.505% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.292%+$29 on $10k

Price spread, last 4 days (all we have)+0.425%+$42 · spread now +0.024%, 7d avg +0.505%

Together, before fees+0.717%+$72 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: HTX is 0.482% cheaper against Bybit than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.505%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2523	0.0100	pay 0.0050% / 4h	39m 21s	$16.8M	$48.4M	50x
Short	HTX WIF-USDT	0.2524	0.0100	get 0.0050% / 4h	39m 21s	$160K	$916K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.505%: −$48.17
Slippage, 4 orders: −$69.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$140.59
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; HTX: live order book, 64 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	1.97 bp	15.0 bp −$15	33.6 bp −$336	198.6 bp −$19.9K	doesn't fit
Sell HTX live order book, 64 min ago	10.17 bp	30.9 bp −$31	510.4 bp −$5,104	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.433%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2543	+0.777%	$988K	$965K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0052% / S +0.0250%	1h	0.2528	+0.171%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2524	+0.005%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2530	+0.262%	$34K	$273K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2529	+0.235%	$353	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2531	+0.285%	$144K	$705K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2525	+0.063%	$54K	$575K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2527	+0.143%	$8.8M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2525	+0.059%	$31K	$351K	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	0.2526	+0.119%	$78K	$73K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2525	+0.063%	$19.2M	$147.6M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2523	long leg	$16.8M	$48.4M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2528	+0.182%	$5.8M	$43.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2525	+0.063%	$1.2M	$9.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2525	+0.063%	$22.6M	$12.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2526	+0.103%	$4.3M	$16.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2526	+0.103%	$7.7M	$16.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2528	+0.182%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2526	+0.103%	$74K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2532	+0.341%	$75K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2534	+0.419%	$281K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2534	+0.420%	$46K	$636K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2529	+0.222%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2525	+0.063%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2528	+0.182%	$575	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2524	+0.024%	$160K	$916K	75x
Extended WIF-USD	+0.0104%	1h	0.2522	−0.043%	$12K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2530	+0.244%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2533	+0.380%	$341K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2524	+0.027%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0801%	1h	0.2530	+0.252%	$659K	$2.7M	50x	as long as short