Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.008%

Price spread now: BloFin against Coinbase International−0.371%58s7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.616% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.371%, 7d avg −0.159%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.211% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.371% now, against its 7-day average of −0.159%). If the spread goes back, that is −$21 on $10k: about 9.3 days of funding at the current rate (+$2 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2429	0.0264	pay 0.0033% / 1h	9m 29s	$319K	$2.3M	50x
Short	BloFin WIF-USDT	0.2420	0.0340	get 0.0170% / 4h	1h 09m	$974K	$713K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.371%Rate

Funding earned: $15.96
Price spread: −0.371% → −0.159%: −$21.12
Slippage, 4 orders: −$39.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.79
Costs to cover: 0.616%
Break-even: 36.3 days

Slippage from Coinbase International: live order book, 4 min ago; BloFin: live order book, 8 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, 4 min ago	8.23 bp	15.9 bp −$16	29.2 bp −$292	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	6.19 bp	16.2 bp −$16	28.1 bp −$281	55.7 bp −$5,574	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	−0.0291%	1h	0.2427	−0.082%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0030%	4h	0.2430	+0.041%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2434	+0.192%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2429	0.000%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2429	−0.019%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.400%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2427	−0.082%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2434	+0.189%	$136K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2434	+0.206%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2435	+0.247%	$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	0.2433	+0.153%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2433	+0.171%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2435	+0.252%	$18.1M	$101.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2433	+0.165%	$16.9M	$35.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2434	+0.206%	$6.1M	$31.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2433	+0.165%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2433	+0.165%	$22.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2435	+0.247%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2430	+0.041%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.363%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2429	0.000%	$277K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2429	0.000%	$43K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2421	−0.329%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2428	−0.049%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2420	−0.371%	$168K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2433	+0.165%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2428	−0.061%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0234% / S −0.1335%	1h	0.2427	−0.073%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0264%	1h	0.2429	long leg	$319K	$2.3M	50x
BloFin WIF-USDTshort	+0.0340%	4h	0.2420	−0.371%	$974K	$713K	75x
Kraken Futures PF_WIFUSD	+0.0372%	1h	0.2430	+0.028%	$635K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2433	+0.151%	$0	—	15x	as long as short