Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h −0.019%

Price spread now: dYdX against Gate−0.135%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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. dYdX is 0.135% cheaper against Gate than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2510	−0.0162	get 0.0081% / 4h	3h 15m	$1.3M	$7.2M	50x
Short	dYdX WIF-USD	0.2507	0	get 0.0000% / 1h	15m 24s	$19K	$589	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $34.02
Price spread: −0.135% → 0.000%: −$13.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$4.43
Costs to cover: 0.250%
Break-even: 7.9 days

Slippage unknown: Gate: live order book, 3 min ago; dYdX: no order-book sample. 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 Gate live order book, 3 min ago	4.01 bp	22.1 bp −$22	44.0 bp −$440	68.7 bp −$6,870	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Backpack WIF_USDC_PERP	−0.0189%	1h	0.2506	−0.171%	$77K	$255K	10x	as long as short
Gate WIF_USDTlong	−0.0162%	4h	0.2510	long leg	$1.3M	$7.2M	50x
KuCoin WIFUSDTM	−0.0044%	4h	0.2508	−0.080%	$4.5M	$12.2M	75x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2507	−0.135%	$19K	$589	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2511	+0.040%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2510	+0.019%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.594%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2512	+0.063%	$658K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2509	−0.048%	$149K	$595K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2511	+0.040%	$57K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2511	+0.040%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2511	+0.029%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2508	−0.061%	$78K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2511	+0.040%	$19.3M	$108.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2509	−0.040%	$17.3M	$37.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2510	0.000%	$6.0M	$34.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2509	−0.040%	$22.7M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2511	+0.040%	$7.7M	$12.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2507	−0.120%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	−0.294%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2496	−0.558%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	−0.598%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2506	−0.159%	$985	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2510	+0.004%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2508	−0.080%	$172K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2509	−0.042%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2511	+0.027%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0188% / S −0.0049%	1h	0.2510	+0.014%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0203%	1h	0.2515	+0.199%	$8.0M	$4.2M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2512	+0.080%	$339K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2493	−0.677%	$1.0M	$705K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2509	−0.035%	$1	—	15x	as long as short