Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against dYdX−0.144%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 HTX

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. HTX is 0.144% cheaper against dYdX than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 4.8 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	0.2475	0	get 0.0000% / 1h	4m 15s	$19K	$589	10x
Short	HTX WIF-USDT	0.2471	0.0100	get 0.0050% / 4h	2h 04m	$167K	$733K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $21
Price spread: −0.144% → 0.000%: −$14.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.36
Costs to cover: 0.220%
Break-even: 12.1 days

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 64 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 HTX live order book, 64 min ago	10.14 bp	46.7 bp −$47	192.0 bp −$1,920	doesn't fit	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 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	−0.184%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2476	+0.059%	$643K	$2.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0011%	1h	0.2470	−0.204%	$81K	$273K	10x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2475	long leg	$19K	$589	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2476	+0.058%	$49K	$266K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2477	+0.099%	$801	—	150x	as long as short
Gate WIF_USDT	+0.0018%	4h	0.2475	+0.018%	$1.2M	$7.5M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2477	+0.095%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2479	+0.180%	$57K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2476	+0.058%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2477	+0.115%	$35K	$279K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2475	+0.028%	$77K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2477	+0.099%	$18.9M	$113.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2476	+0.046%	$17.1M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2475	+0.018%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2478	+0.139%	$22.0M	$11.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2477	+0.099%	$4.5M	$13.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2476	+0.058%	$7.5M	$12.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2472	−0.103%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2476	+0.041%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2466	−0.359%	$278K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	+0.018%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2471	−0.144%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2475	+0.038%	$565	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2471	−0.144%	$167K	$733K	75x
Extended WIF-USD	+0.0104%	1h	0.2473	−0.045%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2475	+0.033%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0165% / S −0.0034%	1h	0.2476	+0.061%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0221%	1h	0.2482	+0.281%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2476	+0.058%	$328K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2477	+0.082%	$0	—	15x	as long as short