Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h +0.051%

Price spread now: BloFin against Extended+0.187%54s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.704% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$44 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.187%, 7d avg +0.022%

Together, before fees+0.349%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.165% dearer against Extended than usual: you sell high and buy low (spread +0.187% now, against its 7-day average of +0.022%): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.435%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2497	0.0104	pay 0.0013% / 1h	14m 02s	$9K	$155K	25x
Short	BloFin WIF-USDT	0.2502	−0.0188	pay 0.0094% / 4h	1h 14m	$785K	$836K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.187%Rate

Funding earned: −$61.38
Price spread: +0.187% → +0.022%: $16.48
Slippage, 4 orders: −$53.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$115.34
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; BloFin: live order book, 3 min ago.

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 Extended live order book, 47 min ago	8.09 bp	19.6 bp −$20	93.2 bp −$932	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	7.98 bp	17.2 bp −$17	29.5 bp −$295	71.5 bp −$7,146	doesn't fit

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	−0.0188%	4h	0.2502	+0.187%	$785K	$836K	75x
dYdX WIF-USD	0.0000%	1h	0.2498	+0.027%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2498	+0.027%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2498	+0.027%	$807	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.094%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2500	+0.115%	$141K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2498	+0.027%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2499	+0.060%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2500	+0.098%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2499	+0.076%	$19.2M	$114.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2497	−0.013%	$17.2M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	+0.027%	$6.0M	$35.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2499	+0.067%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2498	+0.027%	$22.4M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2497	−0.013%	$4.5M	$13.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2498	+0.027%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2499	+0.067%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2496	−0.045%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	+0.227%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2503	+0.225%	$285K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	−0.093%	$43K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2499	+0.067%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2493	−0.173%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2499	+0.067%	$574	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2497	−0.013%	$168K	$694K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2497	long leg	$9K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2499	+0.061%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2500	+0.089%	$656K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0149% / S −0.0023%	1h	0.2498	+0.022%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2504	+0.267%	$333K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0331%	1h	0.2503	+0.215%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2497	−0.031%	$0	—	15x	as long as short