Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)+0.146%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 HTX

What this pair did over the last

the charts below follow

Funding, last 4 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 HTX is 0.146% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$15 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	0.2484	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	32m 18s	$4K	—	150x
Short	HTX WIF-USDT	0.2488	0.0100	get 0.0050% / 4h	3h 32m	$153K	$943K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.146%Rate

Funding earned: $20.68
Price spread: +0.146% → 0.000%: $14.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $13.3
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	12.01 bp	85.6 bp −$86	642.7 bp −$6,427	doesn't fit	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
Gate WIF_USDT	−0.0478%	4h	0.2484	−0.015%	$1.3M	$11.5M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0404% / S +0.0321%	1h	0.2485	+0.020%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2499	+0.589%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2496	+0.452%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2486	+0.066%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2484	long leg	$4K	—	150x
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2486	+0.066%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2488	+0.130%	$144K	$826K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2486	+0.066%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2486	+0.078%	$10.0M	$9.1M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2489	+0.172%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2494	+0.398%	$77K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2485	+0.037%	$19.7M	$166.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2485	+0.017%	$17.3M	$56.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2485	+0.025%	$5.8M	$48.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2485	+0.025%	$24.0M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2485	+0.025%	$3.9M	$18.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2484	−0.015%	$7.6M	$18.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2486	+0.066%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2499	+0.577%	$81K	$355K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	+0.512%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2504	+0.790%	$278K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2504	+0.790%	$35K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2482	−0.095%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2486	+0.070%	$577	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2488	+0.146%	$153K	$943K	75x
Extended WIF-USD	+0.0104%	1h	0.2484	−0.021%	$12K	$213K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2476	−0.355%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2485	+0.025%	$361K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.991%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2484	−0.031%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0744%	1h	0.2488	+0.136%	$641K	$3.0M	50x	as long as short