Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.022%

Price spread now: Bybit against Extended+0.208%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.208%, 7d avg +0.002%

Together, before fees−0.242%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.206% dearer against Extended than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2469	0.0104	pay 0.0013% / 1h	52m 33s	$12K	$181K	25x
Short	Bybit WIFUSDT	0.2474	0.0100	get 0.0050% / 4h	52m 33s	$16.7M	$47.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$0.84
Price spread: +0.208% → +0.002%: $20.59
Slippage, 4 orders: −$43.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.43
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Extended: live order book, 48 min ago; Bybit: live order book, 1 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, 48 min ago	6.10 bp	17.7 bp −$18	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.03 bp	11.9 bp −$12	24.3 bp −$243	142.9 bp −$14.3K	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−0.278%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2466	−0.116%	$987K	$942K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	+0.188%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2468	−0.035%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2468	−0.019%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0009% / S +0.0237%	1h	0.2468	−0.044%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	+0.241%	$142K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2475	+0.249%	$54K	$573K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2478	+0.374%	$8.7M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2473	+0.159%	$30K	$351K	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	0.2471	+0.104%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2473	+0.187%	$18.8M	$145.6M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2474	+0.208%	$16.7M	$47.8M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2475	+0.249%	$5.5M	$42.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2471	+0.087%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2469	+0.006%	$22.0M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2469	+0.006%	$4.3M	$16.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2477	+0.330%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2470	+0.046%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2468	−0.039%	$74K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2469	+0.008%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+0.526%	$275K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	+0.249%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2468	−0.035%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2464	−0.197%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2469	+0.002%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2467	−0.075%	$153K	$948K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2469	long leg	$12K	$181K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2468	−0.034%	$82K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2478	+0.370%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	+0.293%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0821%	1h	0.2471	+0.068%	$642K	$2.7M	50x	as long as short