Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h +0.046%

Price spread now: BloFin against gTrade (Gains Network)+0.148%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 BloFin

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

The price spread pays, funding is against you. BloFin is 0.148% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2437	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	13m 11s	—	—	150x
Short	BloFin WIF-USDT	0.2441	−0.0140	pay 0.0070% / 4h	2h 13m	$971K	$918K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$29.79
Price spread: +0.148% → 0.000%: $14.81
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$36.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 14 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 BloFin live order book, 14 min ago	6.31 bp	17.2 bp −$17	27.0 bp −$270	64.2 bp −$6,423	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-USDTshort	−0.0140%	4h	0.2441	+0.148%	$971K	$918K	75x
dYdX WIF-USD	0.0000%	1h	0.2436	−0.074%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2437	long leg	—	—	150x
Backpack WIF_USDC_PERP	+0.0028%	1h	0.2425	−0.492%	$75K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0085% / S +0.0033%	1h	0.2438	+0.023%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2439	+0.074%	$142K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2442	+0.189%	$52K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2441	+0.165%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2437	−0.002%	$30K	$339K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2437	−0.033%	$77K	$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	0.2438	+0.027%	$18.8M	$140.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	+0.107%	$16.5M	$46.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2440	+0.107%	$5.5M	$40.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2439	+0.066%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2438	+0.025%	$22.0M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2438	+0.025%	$4.0M	$16.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2436	−0.057%	$7.4M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2437	−0.016%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2416	−0.873%	$72K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2418	−0.796%	$276K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2418	−0.796%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2437	−0.016%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2433	−0.180%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2437	−0.020%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2442	+0.189%	$148K	$859K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2435	−0.105%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2437	−0.006%	$81K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0160%	1h	0.2438	+0.025%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0245%	1h	0.2439	+0.062%	$632K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2445	+0.312%	$325K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2437	−0.012%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.493%	$10K	$10K	12x	as long as short