Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.063%

Price spread now: KuCoin against Coinbase International−0.079%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.425%−$42 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now −0.079%, 7d avg −0.160%

Together, before fees−0.621%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.081% dearer against Coinbase International than usual: you sell high and buy low (spread −0.079% now, against its 7-day average of −0.160%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2527	0.0352	pay 0.0044% / 1h	38m 56s	$340K	$3.4M	50x
Short	KuCoin WIFUSDTM	0.2525	0.0100	get 0.0050% / 4h	38m 56s	$4.3M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$52.92
Price spread: −0.079% → −0.160%: $8.07
Slippage, 4 orders: −$60.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$126.92
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; KuCoin: live order book, 10 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	9.84 bp	14.8 bp −$15	27.4 bp −$274	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.01 bp	23.1 bp −$23	72.0 bp −$720	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	−2.572%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2527	0.000%	$981K	$959K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0058% / S +0.0251%	1h	0.2525	−0.074%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2524	−0.138%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2525	−0.079%	$34K	$273K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2525	−0.066%	$353	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2527	+0.016%	$144K	$705K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2525	−0.079%	$54K	$575K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2528	+0.028%	$8.8M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2526	−0.037%	$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	−0.023%	$78K	$73K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2527	0.000%	$19.2M	$147.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2527	0.000%	$16.8M	$48.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2527	0.000%	$5.8M	$43.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2524	−0.119%	$1.2M	$9.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2524	−0.119%	$22.6M	$12.4M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2525	−0.079%	$4.3M	$16.9M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2525	−0.079%	$7.7M	$16.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2525	−0.079%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2524	−0.115%	$74K	$304K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2532	+0.198%	$75K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2534	+0.276%	$281K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2534	+0.277%	$46K	$636K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2526	−0.040%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2521	−0.237%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2525	−0.075%	$576	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2521	−0.237%	$160K	$916K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2523	−0.165%	$12K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2526	−0.058%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0352%	1h	0.2527	long leg	$340K	$3.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2524	−0.116%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0802%	1h	0.2527	−0.003%	$657K	$2.7M	50x	as long as short