Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against dYdX−0.066%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.066% cheaper against dYdX than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.2 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	dYdX WIF-USD	0.2451	0	get 0.0000% / 1h	39m 14s	$18K	$589	10x
Short	BingX WIF-USDT	0.2449	0.0100	get 0.0050% / 4h	3h 39m	—	$65.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $21
Price spread: −0.066% → 0.000%: −$6.56
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$5.56
Costs to cover: 0.200%
Break-even: 8.9 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 10 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	2.05 bp	8.1 bp −$8	17.2 bp −$172	57.4 bp −$5,742	505.7 bp −$252.8K

dYdX: 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	−0.0389%	1h	0.2452	+0.049%	$75K	$252K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2448	−0.106%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0132%	4h	0.2448	−0.106%	$1.2M	$7.0M	50x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2451	long leg	$18K	$589	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2450	−0.044%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0002%	4h	0.2448	−0.106%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.269%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2449	−0.061%	$633K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2448	−0.106%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2449	−0.086%	$145K	$581K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2448	−0.106%	$54K	$483K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2450	−0.023%	$25K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2451	+0.035%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2449	−0.066%	$18.4M	$105.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2448	−0.106%	$16.9M	$36.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2446	−0.188%	$6.0M	$32.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2449	−0.066%	$22.1M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2448	−0.106%	$7.6M	$11.9M	50x	as long as short
BingX WIF-USDTshort	+0.0100%	4h	0.2449	−0.066%	—	$65.8M	—
Variational Omni WIF	+0.0100%	4h	0.2441	−0.387%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.304%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2441	−0.392%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2444	−0.270%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2448	−0.110%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2446	−0.188%	$168K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2447	−0.127%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2448	−0.100%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0135%	1h	0.2454	+0.126%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2450	−0.028%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2450	−0.025%	$324K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2449	−0.066%	$998K	$736K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2449	−0.081%	$0	—	15x	as long as short