Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h +0.047%

Price spread now: BloFin against dYdX+0.225%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. BloFin is 0.225% dearer against dYdX than usual: you sell high and buy low (spread +0.225% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WIF-USD	0.2398	0	get 0.0000% / 1h	36m 32s	$13K	$597	10x
Short	BloFin WIF-USDT	0.2403	−0.0140	pay 0.0070% / 4h	2h 36m	$1.0M	$897K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$29.4
Price spread: +0.225% → 0.000%: $22.45
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.95
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago	4.17 bp	15.4 bp −$15	31.0 bp −$310	74.6 bp −$7,463	doesn't fit

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
BloFin WIF-USDTshort	−0.0140%	4h	0.2403	+0.225%	$1.0M	$897K	75x
Backpack WIF_USDC_PERP	−0.0004%	1h	0.2400	+0.104%	$72K	$316K	10x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2398	long leg	$13K	$597	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2402	+0.202%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0094% / S +0.0031%	1h	0.2402	+0.185%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2401	+0.137%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2398	+0.016%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2398	+0.012%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2399	+0.051%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2399	+0.049%	$75K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2398	+0.030%	$18.7M	$137.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2397	−0.017%	$16.4M	$45.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2396	−0.067%	$5.5M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2398	+0.016%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2398	+0.016%	$21.9M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2398	+0.016%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2395	−0.109%	$7.3M	$15.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2398	+0.016%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2389	−0.355%	$89K	$173K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2390	−0.320%	$271K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2385	−0.526%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2402	+0.183%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2398	+0.016%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2403	+0.220%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2397	−0.026%	$169K	$778K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2397	−0.031%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2402	+0.183%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0166%	1h	0.2404	+0.266%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0249%	1h	0.2404	+0.284%	$635K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2406	+0.350%	$324K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2394	−0.145%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.016%	$10K	$10K	12x	as long as short