Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.004%

Price spread now: Gate against Extended+0.006%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.683%+$68 · spread now +0.006%, 7d avg +0.032%

Together, before fees+0.622%+ Points / potential airdropExtended: Active · farm board+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.026% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2475	0.0104	pay 0.0013% / 1h	43m 06s	$11K	$155K	25x
Short	Gate WIF_USDT	0.2475	0.0012	get 0.0006% / 4h	1h 43m	$1.2M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: −$19.32
Price spread: +0.006% → +0.032%: −$2.58
Slippage, 4 orders: −$71.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.42
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Extended: live order book, 18 min ago; Gate: live order book, just now.

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, 18 min ago	8.09 bp	19.6 bp −$20	93.2 bp −$932	doesn't fit	doesn't fit
Sell Gate live order book, just now	4.04 bp	23.9 bp −$24	110.4 bp −$1,104	178.5 bp −$17.9K	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-USDT	−0.0176%	4h	0.2474	−0.034%	$1.0M	$823K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0116%	1h	0.2475	+0.027%	$78K	$280K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2470	−0.214%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2472	−0.100%	$799	—	150x	as long as short
Gate WIF_USDTshort	+0.0012%	4h	0.2475	+0.006%	$1.2M	$7.5M	50x
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.196%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	+0.136%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2469	−0.236%	$57K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2475	+0.006%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2469	−0.227%	$34K	$283K	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	0.2468	−0.289%	$77K	$56K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2475	+0.006%	$18.9M	$114.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2475	+0.006%	$17.0M	$38.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2476	+0.047%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2475	+0.006%	$22.3M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2476	+0.047%	$4.4M	$13.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2476	+0.047%	$7.5M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2471	−0.155%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2450	−1.001%	$74K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−1.047%	$271K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2458	−0.681%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2467	−0.317%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2476	+0.047%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2470	−0.196%	$166K	$691K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2475	long leg	$11K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2474	−0.026%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2478	+0.123%	$648K	$2.3M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2475	+0.006%	$46K	$258K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0159% / S −0.0029%	1h	0.2473	−0.061%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0279%	1h	0.2480	+0.224%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2471	−0.155%	$330K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2470	−0.192%	$0	—	15x	as long as short