Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: OKX against dYdX+0.058%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 OKX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.058% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

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 00s	$13K	$597	10x
Short	OKX WIF-USDT-SWAP	0.2399	0.0100	get 0.0050% / 4h	2h 36m	$5.5M	$39.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $21
Price spread: +0.058% → 0.000%: $5.77
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $6.77
Costs to cover: 0.200%
Break-even: 4.7 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	2.10 bp	17.7 bp −$18	41.7 bp −$417	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	−0.0140%	4h	0.2403	+0.225%	$1.0M	$897K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0001%	1h	0.2394	−0.134%	$72K	$316K	10x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2398	long leg	$13K	$597	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2396	−0.067%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2395	−0.090%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0094% / S +0.0031%	1h	0.2395	−0.106%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2397	−0.047%	$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	0.2397	−0.028%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2399	+0.049%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2396	−0.067%	$18.7M	$137.8M	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-SWAPshort	+0.0100%	4h	0.2399	+0.058%	$5.5M	$39.3M	50x
Gate WIF_USDT	+0.0100%	4h	0.2396	−0.067%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2401	+0.141%	$21.9M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2400	+0.099%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2399	+0.058%	$7.3M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2395	−0.109%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	−0.187%	$87K	$174K	—	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	0.2395	−0.109%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2391	−0.276%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	−0.172%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	−0.151%	$169K	$778K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2398	+0.011%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	−0.210%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2395	−0.106%	$632K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2398	+0.016%	$323K	$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