WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.33 per $10,000 · paid last 24h +0.009%

Price spread now: KuCoin against Bybit−0.179%7-day average +0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.315%+$32 · spread now −0.179%, 7d avg +0.030%

Together, before fees+0.329%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.209% cheaper against Bybit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2452	0.0100	pay 0.0050% / 4h	46m 39s	$16.9M	$35.9M	50x
Short	KuCoin WIFUSDTM	0.2448	0.0034	get 0.0017% / 4h	46m 39s	$4.3M	$11.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$13.86
Price spread: −0.179% → +0.030%: −$20.9
Slippage, 4 orders: −$50.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.46
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	2.05 bp	11.7 bp −$12	29.5 bp −$295	166.4 bp −$16.6K	doesn't fit
Sell KuCoin live order book, 2 min ago	4.10 bp	17.6 bp −$18	54.2 bp −$542	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
Backpack WIF_USDC_PERP	−0.0451%	1h	0.2446	−0.277%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	−0.233%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2447	−0.220%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2445	−0.290%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.341%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTMshort	+0.0034%	4h	0.2448	−0.179%	$4.3M	$11.4M	75x
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2445	−0.302%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2448	−0.175%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2452	−0.016%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2451	−0.049%	$7.6M	$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	0.2448	−0.190%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2449	−0.153%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2452	−0.032%	$18.3M	$103.1M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2452	long leg	$16.9M	$35.9M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2452	−0.016%	$6.1M	$32.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2450	−0.098%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2451	−0.057%	$22.3M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2451	−0.057%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2443	−0.383%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2462	+0.399%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2448	−0.180%	$278K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2464	+0.473%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2440	−0.506%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2447	−0.200%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2440	−0.506%	$168K	$731K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2450	−0.095%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	−0.247%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2443	−0.365%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2447	−0.220%	$331K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0319%	1h	0.2450	−0.092%	$641K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2446	−0.261%	$995K	$729K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2443	−0.376%	$0	—	15x	as long as short