Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

Price spread now: KuCoin against dYdX−0.261%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 KuCoin

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. KuCoin is 0.261% cheaper against dYdX than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.7 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	0.2500	0	get 0.0000% / 1h	24m 10s	$19K	$597	10x
Short	KuCoin WIFUSDTM	0.2493	0.0100	get 0.0050% / 4h	24m 10s	$4.6M	$14.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.261%Rate

Funding earned: $21
Price spread: −0.261% → 0.000%: −$26.11
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.11
Costs to cover: 0.220%
Break-even: 16.0 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	4.01 bp	25.6 bp −$26	77.6 bp −$776	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 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-USDT	−0.0187%	4h	0.2499	−0.021%	$997K	$833K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0149%	1h	0.2495	−0.169%	$76K	$291K	10x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2500	long leg	$19K	$597	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2494	−0.221%	$45K	$256K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2494	−0.226%	$806	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.181%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2496	−0.153%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	−0.261%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2495	−0.200%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2499	−0.022%	$78K	$60K	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	0.2495	−0.181%	$18.8M	$118.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2493	−0.253%	$17.0M	$39.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2494	−0.221%	$6.0M	$36.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2494	−0.221%	$1.2M	$7.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2494	−0.221%	$23.0M	$11.4M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2493	−0.261%	$4.6M	$14.4M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2493	−0.261%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2501	+0.059%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2501	+0.061%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2501	+0.059%	$284K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2500	+0.019%	$46K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2494	−0.221%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2489	−0.421%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2493	−0.257%	$580	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2495	−0.181%	$167K	$699K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2492	−0.307%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2494	−0.238%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0133% / S −0.0012%	1h	0.2494	−0.239%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2494	−0.225%	$648K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0297%	1h	0.2498	−0.057%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2496	−0.141%	$328K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2493	−0.258%	$0	—	15x	as long as short