Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: Extended against Gate−0.099%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now −0.099%, 7d avg −0.033%

Together, before fees−0.163%+ Points / potential airdropExtended: Active · farm board−$16 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: Extended is 0.066% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2391	0.0100	pay 0.0050% / 4h	1h 50m	$1.2M	$6.9M	50x
Short	Extended WIF-USD	0.2389	0.0104	get 0.0013% / 1h	50m 49s	$10K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0.84
Price spread: −0.099% → −0.033%: −$6.58
Slippage, 4 orders: −$70.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$96
Costs to cover: 0.903%
Break-even: 807.0 days

Slippage from Gate: live order book, 2 min ago; Extended: live order book, 30 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	4.19 bp	22.7 bp −$23	39.0 bp −$390	63.8 bp −$6,380	doesn't fit
Sell Extended live order book, 30 min ago	6.31 bp	18.9 bp −$19	106.7 bp −$1,067	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
Deribit WIF_USDC-PERPETUAL	−0.0168%	1h	0.2389	−0.084%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0122%	4h	0.2388	−0.125%	$4.3M	$11.3M	75x	as long as short
Backpack WIF_USDC_PERP	−0.0078%	1h	0.2388	−0.130%	$75K	$235K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2391	−0.009%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2390	−0.042%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	+0.167%	$10K	$10K	12x	as long as short
Variational Omni WIF	+0.0086%	4h	0.2384	−0.280%	$68K	$65K	—	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2389	−0.084%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0094%	4h	0.2390	−0.056%	$25K	$255K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2390	−0.046%	$133K	$543K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2389	−0.084%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2392	+0.042%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2390	−0.058%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2391	0.000%	$17.7M	$99.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2389	−0.067%	$16.7M	$34.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2391	0.000%	$6.1M	$30.6M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2391	long leg	$1.2M	$6.9M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2388	−0.125%	$21.4M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2391	0.000%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2391	0.000%	—	$65.1M	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.293%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2391	0.000%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2384	−0.293%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2389	−0.105%	$549	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2388	−0.125%	$165K	$714K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2389	−0.099%	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2389	−0.105%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0184% / S −0.0987%	1h	0.2389	−0.071%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2396	+0.209%	$314K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2387	−0.167%	$965K	$700K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0378%	1h	0.2391	+0.004%	$629K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2388	−0.111%	$0	—	15x	as long as short