Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%

Price spread now: OKX against Extended+0.070%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.070%, 7d avg +0.044%

Together, before fees+0.039%+ Points / potential airdropExtended: Active · farm board+$4 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: OKX is 0.025% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2463	0.0104	pay 0.0013% / 1h	58m 19s	$11K	$165K	25x
Short	OKX WIF-USDT-SWAP	0.2465	0.0100	get 0.0050% / 4h	1h 58m	$5.5M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$0.84
Price spread: +0.070% → +0.044%: $2.53
Slippage, 4 orders: −$47.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.43
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; OKX: 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, 47 min ago	6.13 bp	18.7 bp −$19	86.3 bp −$863	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.05 bp	12.4 bp −$12	34.2 bp −$342	doesn't fit	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	−0.0467%	1h	0.2401	−2.529%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2456	−0.296%	$976K	$927K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2469	+0.212%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2463	−0.002%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0072% / S +0.0252%	1h	0.2464	+0.016%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2470	+0.264%	$143K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2468	+0.191%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2469	+0.212%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2466	+0.096%	$28K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2469	+0.215%	$78K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2465	+0.058%	$18.6M	$141.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2464	+0.029%	$16.6M	$46.9M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2465	+0.070%	$5.5M	$41.2M	50x
Gate WIF_USDT	+0.0100%	4h	0.2467	+0.151%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2466	+0.110%	$22.6M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2467	+0.151%	$4.2M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2465	+0.070%	$7.5M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2463	−0.012%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2459	−0.158%	$73K	$296K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	−0.619%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−0.578%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	−0.580%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2467	+0.151%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.133%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	+0.029%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2462	−0.052%	$150K	$881K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2463	long leg	$11K	$165K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2466	+0.110%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0156%	1h	0.2465	+0.070%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0346%	1h	0.2465	+0.086%	$637K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2467	+0.151%	$360K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2465	+0.073%	$0	—	15x	as long as short