Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Gate−0.051%66s7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$980.984% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.051%, 7d avg +0.088%

Together, before fees+0.121%+ Points / potential airdropGRVT: Active · farm board+$12 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: GRVT is 0.140% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.088%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2393	0.0100	pay 0.0050% / 4h	2h 42m	$1.1M	$8.7M	50x
Short	GRVT WIF_USDT_Perp	0.2392	0.0100	get 0.0050% / 4h	2h 42m	$271K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.088%: −$13.96
Slippage, 4 orders: −$74.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$112.34
Costs to cover: 0.984%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 1 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, 1 min ago	6.25 bp	24.7 bp −$25	57.4 bp −$574	85.9 bp −$8,590	doesn't fit
Sell GRVT live order book, 1 min ago	10.41 bp	26.8 bp −$27	86.4 bp −$864	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	−0.0180%	4h	0.2402	+0.376%	$1.0M	$881K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2403	+0.398%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2394	+0.042%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2392	−0.021%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2405	+0.493%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2399	+0.251%	$51K	$570K	20x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0096% / S +0.0030%	1h	0.2393	−0.020%	$9K	—	100x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2399	+0.247%	$8.4M	$6.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2394	+0.050%	$33K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2402	+0.364%	$75K	$68K	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	0.2394	+0.042%	$18.7M	$136.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2393	0.000%	$16.5M	$45.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2394	+0.042%	$5.5M	$38.9M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2393	long leg	$1.1M	$8.7M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2392	−0.042%	$21.7M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2392	−0.042%	$4.0M	$15.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2393	0.000%	$7.3M	$15.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2392	−0.042%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2401	+0.338%	$70K	$315K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	+2.009%	$75K	$156K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2392	−0.051%	$271K	$2.6M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2430	+1.546%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2395	+0.084%	$4K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2390	−0.125%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	+0.063%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2402	+0.376%	$170K	$772K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2393	−0.004%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	0.000%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2396	+0.110%	$637K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2405	+0.501%	$330K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2392	−0.034%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2393	0.000%	$10K	$10K	12x	as long as short