Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Gate−0.433%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.839%+$84 · spread now −0.433%, 7d avg +0.001%

Together, before fees+0.925%+$92 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.434% cheaper against Gate than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2538	0.0100	pay 0.0050% / 4h	1m 27s	$1.2M	$7.9M	50x
Short	ApeX Omni WIFUSDT	0.2527	0.0100	get 0.0013% / 1h	1m 27s	$46K	$626K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.433%Rate

Funding earned: $0
Price spread: −0.433% → +0.001%: −$43.43
Slippage, 4 orders: −$65.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$133.81
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 56 min ago.

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 Gate live order book, 2 min ago	3.96 bp	29.1 bp −$29	58.1 bp −$581	84.4 bp −$8,438	doesn't fit
Sell ApeX Omni live order book, 56 min ago	8.09 bp	21.0 bp −$21	127.1 bp −$1,271	doesn't fit	doesn't fit

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	−0.0210%	4h	0.2525	−0.512%	$1.0M	$861K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0008%	1h	0.2532	−0.236%	$77K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2535	−0.136%	$17K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2533	−0.185%	$819	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−2.679%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2538	+0.004%	$139K	$632K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2537	−0.039%	$55K	$518K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2536	−0.091%	$33K	$288K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2536	−0.061%	$79K	$61K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2537	−0.052%	$19.4M	$121.3M	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	0.2534	−0.154%	$17.2M	$40.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2535	−0.118%	$6.1M	$37.5M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2538	long leg	$1.2M	$7.9M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2534	−0.158%	$23.4M	$11.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2534	−0.158%	$4.5M	$14.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2535	−0.118%	$7.7M	$13.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2532	−0.236%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	−1.416%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2525	−0.528%	$288K	$2.4M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2527	−0.433%	$46K	$626K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2532	−0.236%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2528	−0.394%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2532	−0.217%	$587	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2536	−0.079%	$168K	$704K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2535	−0.107%	$11K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2534	−0.163%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0126% / S −0.0007%	1h	0.2532	−0.219%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0144%	1h	0.2536	−0.079%	$46K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0256%	1h	0.2535	−0.127%	$658K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2540	+0.079%	$339K	$2.9M	50x	as long as short
Hyperliquid WIF	+0.0363%	1h	0.2541	+0.106%	$8.3M	$5.0M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2534	−0.174%	$1	—	15x	as long as short