Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.044%

Price spread now: Binance against Coinbase International−0.018%7-day average −0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now −0.018%, 7d avg −0.161%

Together, before fees−0.553%−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.143% dearer against Coinbase International than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.161%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2363	0.0272	pay 0.0034% / 1h	45m 29s	$309K	$2.3M	50x
Short	Binance WIFUSDT	0.2363	0.0100	get 0.0050% / 4h	2h 45m	$17.5M	$99.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$36.12
Price spread: −0.018% → −0.161%: $14.31
Slippage, 4 orders: −$34.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.33
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 12 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 Coinbase International live order book, 3 min ago	4.23 bp	17.3 bp −$17	31.2 bp −$312	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.11 bp	12.5 bp −$12	30.6 bp −$306	108.4 bp −$10.8K	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	−0.0877%	1h	0.2360	−0.123%	$72K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.354%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0206%	4h	0.2359	−0.169%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2363	0.000%	$46K	$289K	25x	as long as short
Variational Omni WIF	−0.0093%	4h	0.2361	−0.105%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0078%	4h	0.2360	−0.127%	$1.2M	$6.9M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2363	−0.006%	$618K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0044%	4h	0.2360	−0.127%	$263K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0019%	4h	0.2362	−0.053%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2362	−0.042%	$18K	$582	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2364	+0.036%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2362	−0.042%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2362	−0.034%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2362	−0.042%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2365	+0.072%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2362	−0.045%	$74K	$48K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2363	−0.018%	$17.5M	$99.0M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2360	−0.127%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2362	−0.042%	$6.0M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2361	−0.085%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2362	−0.042%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2362	−0.042%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2361	−0.085%	$41K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2357	−0.254%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2360	−0.127%	$533	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2362	−0.042%	$163K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2361	−0.073%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2361	−0.089%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0117% / S −0.0519%	1h	0.2363	+0.008%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0272%	1h	0.2363	long leg	$309K	$2.3M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2358	−0.212%	$976K	$686K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2362	−0.050%	$0	—	15x	as long as short