Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.021%

Price spread now: Binance against gTrade (Gains Network)−0.256%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.256% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.256% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2422	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	16m 37s	—	—	150x
Short	Binance WIFUSDT	0.2416	0.0100	get 0.0050% / 4h	2h 16m	$18.6M	$140.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.256%Rate

Funding earned: $20.68
Price spread: −0.256% → 0.000%: −$25.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.9
Costs to cover: 0.200%
Break-even: 15.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 11 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	2.10 bp	13.7 bp −$14	31.1 bp −$311	104.6 bp −$10.5K	doesn't fit

gTrade (Gains Network): 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
BloFin WIF-USDT	−0.0141%	4h	0.2418	−0.165%	$748K	$909K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2415	−0.309%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2415	−0.289%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2422	long leg	—	—	150x
Backpack WIF_USDC_PERP	+0.0040%	1h	0.2414	−0.351%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0086% / S +0.0032%	1h	0.2422	−0.016%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2418	−0.178%	$147K	$671K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2425	+0.124%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2418	−0.178%	$8.4M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2417	−0.187%	$29K	$339K	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	0.2416	−0.263%	$76K	$69K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2416	−0.256%	$18.6M	$140.3M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2415	−0.297%	$16.3M	$46.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2415	−0.289%	$5.5M	$40.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2416	−0.248%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2415	−0.289%	$21.8M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2415	−0.289%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2416	−0.248%	$7.3M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2420	−0.083%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	−0.822%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2413	−0.371%	$269K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2413	−0.372%	$44K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2416	−0.248%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2411	−0.454%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2416	−0.248%	$558	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2417	−0.206%	$146K	$859K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2414	−0.316%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2416	−0.261%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0248%	1h	0.2415	−0.301%	$631K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2416	−0.248%	$322K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2423	+0.026%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.867%	$10K	$10K	12x	as long as short