Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.007%

Price spread now: Orderly against Extended+0.046%7-day average +0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.046%, 7d avg +0.007%

Together, before fees+0.003%+ Points / potential airdropExtended: Active · farm board$0 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: Orderly is 0.040% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2480	0.0104	pay 0.0013% / 1h	50m 31s	$10K	$153K	25x
Short	Orderly PERP_WIF_USDC	0.2481	0.0100	get 0.0050% / 4h	50m 31s	$5K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.046%Rate

Funding earned: −$0.84
Price spread: +0.046% → +0.007%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.88
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	8.03 bp	19.4 bp −$19	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack WIF_USDC_PERP	−0.0273%	1h	0.2479	−0.026%	$85K	$275K	10x	as long as short
BloFin WIF-USDT	−0.0183%	4h	0.2483	+0.127%	$1.0M	$830K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2481	+0.029%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2482	+0.073%	$802	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.397%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2482	+0.086%	$139K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2482	+0.086%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2484	+0.182%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2480	+0.020%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2482	+0.086%	$19.1M	$115.7M	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	0.2479	−0.034%	$17.0M	$38.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2481	+0.046%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2479	−0.034%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2480	+0.006%	$22.6M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2485	+0.207%	$4.5M	$13.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2480	+0.006%	$7.5M	$13.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2480	+0.006%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2478	−0.072%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2489	+0.350%	$285K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2493	+0.530%	$46K	$624K	25x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2481	+0.046%	$5K	$1.3M	10x
SunX WIF-USDT	+0.0100%	4h	0.2478	−0.075%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2481	+0.030%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	+0.006%	$166K	$695K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2480	long leg	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2480	+0.012%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0142% / S −0.0018%	1h	0.2482	+0.082%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2481	+0.046%	$47K	$258K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0261%	1h	0.2482	+0.101%	$648K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2483	+0.127%	$330K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0351%	1h	0.2490	+0.404%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2481	+0.060%	$0	—	15x	as long as short