Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0312%/8h= −34.2% APRpaid last 24h −0.048%

Price spread now: Gate against Coinbase International+0.122%7-day average −0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.383%−$38 on $10k

Price spread, last 3 days (all we have)−0.366%−$37 · spread now +0.122%, 7d avg −0.156%

Together, before fees−0.749%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.278% dearer against Coinbase International than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.156%): +$28 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2463	0.0304	pay 0.0038% / 1h	8m 36s	$327K	$2.5M	50x
Short	Gate WIF_USDT	0.2466	−0.0008	pay 0.0004% / 4h	2h 08m	$1.2M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.122%Rate

Funding earned: −$65.52
Price spread: +0.122% → −0.156%: $27.83
Slippage, 4 orders: −$57.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.1
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	6.08 bp	15.1 bp −$15	28.4 bp −$284	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.05 bp	25.2 bp −$25	109.6 bp −$1,096	184.2 bp −$18.4K	doesn't fit

WIF on 31 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	−0.0783%	1h	0.2470	+0.284%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2466	+0.124%	$641K	$2.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0026%	1h	0.2462	−0.037%	$80K	$273K	10x	as long as short
Gate WIF_USDTshort	−0.0008%	4h	0.2466	+0.122%	$1.2M	$7.5M	50x
dYdX WIF-USD	0.0000%	1h	0.2466	+0.102%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2464	+0.041%	$48K	$266K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2463	+0.015%	$796	—	150x	as long as short
KuCoin WIFUSDTM	+0.0086%	4h	0.2466	+0.122%	$4.5M	$13.2M	75x	as long as short
Lighter WIF	+0.0096%	1h	0.2468	+0.187%	$139K	$626K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2470	+0.284%	$57K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2464	+0.041%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2467	+0.165%	$35K	$278K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2467	+0.168%	$76K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2470	+0.284%	$18.9M	$113.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2468	+0.207%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2469	+0.244%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2466	+0.122%	$22.0M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2471	+0.325%	$7.5M	$12.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2467	+0.162%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	+0.328%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	+0.398%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	+0.365%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.122%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	+0.041%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2464	+0.041%	$166K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2465	+0.097%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2464	+0.044%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0167% / S −0.0035%	1h	0.2463	−0.004%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0211%	1h	0.2470	+0.305%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0304%	1h	0.2463	long leg	$327K	$2.5M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2469	+0.227%	$0	—	15x	as long as short