Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)+0.094%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bitget

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.094% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2482	L +0.0002% / S +0.0001%	pay 0.0000% / 1h	51m 00s	$802	—	150x
Short	Bitget WIFUSDT	0.2484	0.0100	get 0.0050% / 4h	51m 00s	$7.5M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: $20.68
Price spread: +0.094% → 0.000%: $9.39
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $8.07
Costs to cover: 0.220%
Break-even: 4.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.01 bp	9.9 bp −$10	25.4 bp −$254	97.6 bp −$9,762	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
Backpack WIF_USDC_PERP	−0.0273%	1h	0.2479	−0.100%	$85K	$275K	10x	as long as short
BloFin WIF-USDT	−0.0183%	4h	0.2483	+0.054%	$1.0M	$830K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2482	−0.005%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S +0.0001%	1h	0.2482	long leg	$802	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.470%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2483	+0.046%	$139K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2484	+0.094%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2482	+0.030%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2482	0.000%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2486	+0.156%	$19.2M	$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	0.2482	+0.013%	$17.0M	$38.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2484	+0.094%	$5.9M	$35.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2480	−0.067%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2485	+0.134%	$22.6M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2484	+0.094%	$4.5M	$13.8M	75x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2484	+0.094%	$7.5M	$12.9M	50x
BingX WIF-USDC	+0.0100%	4h	0.2482	+0.013%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2478	−0.145%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2489	+0.276%	$285K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2493	+0.457%	$46K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2481	−0.027%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2478	−0.148%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2481	−0.043%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	−0.067%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2484	+0.107%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	−0.061%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0142% / S −0.0018%	1h	0.2482	+0.009%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2481	−0.027%	$47K	$258K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0261%	1h	0.2482	+0.028%	$648K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2483	+0.054%	$330K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0332%	1h	0.2484	+0.102%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2481	−0.013%	$0	—	15x	as long as short