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 +0.029%

Price spread now: OKX against gTrade (Gains Network)−0.459%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 OKX

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. OKX is 0.459% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.459% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 16 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	0.2484	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	52m 03s	—	—	150x
Short	OKX WIF-USDT-SWAP	0.2473	0.0100	get 0.0050% / 4h	2h 52m	$5.8M	$39.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.459%Rate

Funding earned: $20.68
Price spread: −0.459% → 0.000%: −$45.89
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45.2
Costs to cover: 0.200%
Break-even: 22.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.01 bp	14.1 bp −$14	42.1 bp −$421	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
BloFin WIF-USDT	−0.0199%	4h	0.2493	+0.346%	$1.1M	$901K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2495	+0.410%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2484	−0.016%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2484	long leg	—	—	150x
Lighter WIF	+0.0096%	1h	0.2480	−0.165%	$143K	$654K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.346%	$52K	$566K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2473	−0.448%	$41K	$314K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2494	+0.382%	$78K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2473	−0.473%	$19.4M	$133.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2471	−0.539%	$17.0M	$44.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2473	−0.459%	$5.8M	$39.4M	50x
Gate WIF_USDT	+0.0100%	4h	0.2473	−0.459%	$1.2M	$8.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2473	−0.459%	$22.8M	$11.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2484	−0.016%	$4.3M	$15.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2474	−0.419%	$7.6M	$14.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2474	−0.419%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2469	−0.604%	$73K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2508	+0.952%	$76K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2515	+1.241%	$279K	$2.6M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2485	+0.024%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2480	−0.177%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2482	−0.076%	$573	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2475	−0.378%	$171K	$755K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0101% / S +0.0027%	1h	0.2483	−0.042%	$9K	—	100x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2482	−0.103%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2483	−0.073%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0241%	1h	0.2483	−0.037%	$642K	$2.5M	50x	as long as short
Hyperliquid WIF	+0.0281%	1h	0.2477	−0.306%	$8.7M	$5.6M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2484	−0.016%	$335K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	+0.088%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2555	+2.842%	$11K	$10K	12x	as long as short
ApeX Omni WIFUSDT	+0.1053%	1h	0.2512	+1.111%	$46K	$629K	25x	as long as short