Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: GRVT against Extended−0.314%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+1.368%+$137 · spread now −0.314%, 7d avg −0.043%

Together, before fees+1.378%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$138 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: GRVT is 0.272% cheaper against Extended than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2471	0.0104	pay 0.0013% / 1h	28m 42s	$11K	$155K	25x
Short	GRVT WIF_USDT_Perp	0.2463	0.0100	get 0.0050% / 4h	2h 28m	$279K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$0.84
Price spread: −0.314% → −0.043%: −$27.18
Slippage, 4 orders: −$78.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$120.42
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from Extended: live order book, 37 min ago; GRVT: live order book, 5 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, 37 min ago	8.07 bp	19.5 bp −$20	113.9 bp −$1,139	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	6.09 bp	33.7 bp −$34	116.6 bp −$1,166	doesn't fit	doesn't fit

WIF on 31 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	−0.0783%	1h	0.2470	−0.034%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0082%	4h	0.2468	−0.115%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2467	−0.152%	$640K	$2.3M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2475	+0.152%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2467	−0.156%	$48K	$276K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2470	−0.034%	$798	—	150x	as long as short
KuCoin WIFUSDTM	+0.0032%	4h	0.2476	+0.209%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0067%	1h	0.2466	−0.208%	$79K	$273K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2473	+0.079%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2478	+0.290%	$56K	$496K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2469	−0.075%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2471	+0.024%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2473	+0.103%	$77K	$54K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2475	+0.180%	$18.8M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2474	+0.140%	$17.0M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2475	+0.168%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2475	+0.168%	$22.2M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2471	+0.006%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2469	−0.075%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.029%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2463	−0.314%	$279K	$2.0M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	+0.047%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2466	−0.196%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2467	−0.156%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2475	+0.168%	$169K	$727K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2471	long leg	$11K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2468	−0.111%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0173% / S −0.0039%	1h	0.2470	−0.044%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0223%	1h	0.2476	+0.192%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2471	+0.006%	$324K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2470	−0.030%	$0	—	15x	as long as short