Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h +0.018%

Price spread now: Gate against gTrade (Gains Network)−0.138%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 Gate

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.138% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2486	L +0.0002% / S +0.0001%	pay 0.0000% / 1h	28m 22s	$804	—	150x
Short	Gate WIF_USDT	0.2483	−0.0070	pay 0.0035% / 4h	2h 28m	$1.2M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.138%Rate

Funding earned: −$15.02
Price spread: −0.138% → 0.000%: −$13.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.77
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	4.06 bp	25.8 bp −$26	107.6 bp −$1,076	174.5 bp −$17.4K	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 31 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	−0.0783%	1h	0.2470	−0.660%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2487	+0.028%	$645K	$2.3M	50x	as long as short
Gate WIF_USDTshort	−0.0070%	4h	0.2483	−0.138%	$1.2M	$7.4M	50x
dYdX WIF-USD	0.0000%	1h	0.2475	−0.475%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S +0.0001%	1h	0.2486	long leg	$804	—	150x
KuCoin WIFUSDTM	+0.0032%	4h	0.2482	−0.178%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0067%	1h	0.2466	−0.833%	$79K	$273K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2473	−0.548%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2477	−0.379%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2488	+0.064%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2475	−0.463%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2473	−0.524%	$77K	$54K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2485	−0.075%	$18.9M	$112.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2485	−0.073%	$17.0M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2486	−0.017%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	−0.097%	$22.3M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2486	−0.017%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2486	−0.017%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.656%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2463	−0.939%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	−0.580%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2482	−0.178%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2485	−0.037%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2475	−0.459%	$169K	$727K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2485	−0.053%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	+0.039%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0152%	1h	0.2488	+0.064%	$49K	$276K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0173% / S −0.0039%	1h	0.2486	−0.024%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0230%	1h	0.2487	+0.003%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2471	−0.620%	$324K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2483	−0.153%	$0	—	15x	as long as short