Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.025%

Price spread now: MEXC against dYdX−0.057%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 MEXC

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

Funding pays, the price is against you. MEXC is 0.057% cheaper against dYdX than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 46 hours 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	0.2584	0	get 0.0000% / 1h	20m 27s	$13K	$587	10x
Short	MEXC WIF_USDT	0.2583	0.0100	get 0.0050% / 4h	2h 20m	$23.1M	$15.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.057%Rate

Funding earned: $21
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1.26
Costs to cover: 0.140%
Break-even: 6.6 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 1 min ago	1.93 bp	6.7 bp −$7	22.7 bp −$227	114.2 bp −$11.4K	142.0 bp −$71.0K

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 exchanges

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	−0.0140%	4h	0.2582	−0.096%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0115% / S +0.0178%	1h	0.2583	−0.042%	$9K	—	100x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2584	long leg	$13K	$587	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2585	+0.016%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2584	−0.019%	$5K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2584	−0.007%	$143K	$880K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2586	+0.059%	$55K	$634K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2584	−0.003%	$10.2M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2585	+0.006%	$33K	$425K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2582	−0.088%	$80K	$97K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2585	+0.005%	$20.7M	$172.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2585	+0.020%	$17.9M	$58.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2586	+0.059%	$6.4M	$52.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2585	+0.020%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2583	−0.057%	$23.1M	$15.6M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2584	−0.019%	$3.9M	$18.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2584	−0.019%	$7.8M	$19.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2581	−0.135%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2582	−0.096%	$87K	$359K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2584	−0.020%	$79K	$369K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2577	−0.286%	$295K	$3.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2560	−0.947%	$36K	$647K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2579	−0.212%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2584	−0.038%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2590	+0.213%	$161K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2582	−0.088%	$11K	$239K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2584	−0.024%	$86K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0137%	1h	0.2585	+0.020%	$34K	$255K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0322%	1h	0.2584	−0.006%	$664K	$3.0M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0376%	1h	0.2592	+0.291%	$352K	$4.1M	50x	as long as short
Injective WIF/USDC PERP	+0.0497%	1h	0.2559	−0.986%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2583	−0.040%	$1	—	15x	as long as short