Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.019%

Price spread now: gTrade (Gains Network) against Gate+0.309%7-day average — · you sell dearer than you buy

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

Long on Gate Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.309% dearer against Gate than usual: you sell high and buy low (spread +0.309% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2384	0.0100	pay 0.0050% / 4h	2h 23m	$1.1M	$8.9M	50x
Short	gTrade (Gains Network) WIF/USD	0.2391	L +0.0002% / S −0.0001%	get 0.0000% / 1h	23m 06s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.309%Rate

Funding earned: −$20.8
Price spread: +0.309% → 0.000%: $30.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$14.88
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; gTrade (Gains Network): 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, 5 min ago	4.20 bp	22.0 bp −$22	55.3 bp −$553	85.5 bp −$8,548	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0142%	4h	0.2386	+0.084%	$976K	$899K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2386	+0.084%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2391	+0.309%	—	—	150x
Backpack WIF_USDC_PERP	+0.0012%	1h	0.2383	−0.055%	$73K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0089% / S +0.0030%	1h	0.2391	+0.302%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2390	+0.264%	$145K	$670K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2387	+0.126%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2385	+0.055%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2383	−0.023%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2387	+0.109%	$75K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2384	0.000%	$18.5M	$139.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2383	−0.042%	$16.1M	$46.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2382	−0.084%	$5.4M	$39.4M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2384	long leg	$1.1M	$8.9M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2384	0.000%	$21.4M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2382	−0.084%	$3.9M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2382	−0.084%	$7.2M	$15.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2383	−0.042%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2376	−0.331%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2378	−0.244%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2377	−0.294%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2391	+0.294%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2387	+0.126%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2392	+0.315%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2388	+0.168%	$154K	$829K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2389	+0.224%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2392	+0.317%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0168%	1h	0.2392	+0.336%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2392	+0.352%	$633K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2393	+0.378%	$319K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2387	+0.110%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.587%	$10K	$10K	12x	as long as short