Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.085%

Price spread now: Variational Omni against Deribit−0.526%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.526% cheaper against Deribit than usual: you would sell low and buy high (spread −0.526% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$53 on $10k: about 18 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2433	0	get 0.0000% / 1h	12m 48s	$48K	$289K	25x
Short	Variational Omni WIF	0.2420	0.0100	get 0.0050% / 4h	1h 12m	$71K	$68K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.526%Rate

Funding earned: $21
Price spread: −0.526% → 0.000%: −$52.62
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.62
Costs to cover: 0.070%
Break-even: 19.9 days

Slippage unknown: Deribit: live order book, 6 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 Deribit live order book, 6 min ago	4.13 bp	11.3 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0265%	1h	0.2430	−0.127%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0030%	4h	0.2430	−0.123%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2432	−0.061%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUALlong	0.0000%	1h	0.2433	long leg	$48K	$289K	25x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2432	−0.041%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.562%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2431	−0.082%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2432	−0.058%	$136K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2428	−0.206%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2434	+0.045%	$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	0.2432	−0.054%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2427	−0.249%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2429	−0.145%	$18.1M	$101.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2427	−0.238%	$16.8M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2425	−0.329%	$6.1M	$31.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2431	−0.082%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2430	−0.123%	$22.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2432	−0.041%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2429	−0.164%	—	$2.3M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2420	−0.526%	$71K	$68K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2419	−0.585%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2421	−0.493%	$43K	$619K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2423	−0.411%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2432	−0.062%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2429	−0.164%	$168K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2430	−0.143%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2431	−0.082%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0230% / S −0.1310%	1h	0.2431	−0.066%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2431	−0.082%	$320K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2430	−0.123%	$979K	$716K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0372%	1h	0.2433	+0.014%	$636K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2428	−0.219%	$0	—	15x	as long as short