Settings8H · net · $10k
Funding arb · Price arb /

WIF

all WIF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +3.973%
Price spread now: Coinbase International against GMX+0.073%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.073% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WIF/USD [WBTC.b-USDC]0.2427L +0.0234% / S −0.1335%pay 0.0029% / 1h10m 11s$4K100x
ShortCoinbase International WIF-PERP-INTX0.24290.0264get 0.0033% / 1h10m 11s$319K$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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

Funding earned
$6.36
Price spread: +0.073% → 0.000%
$7.29
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$8.34
Costs to cover
0.220%
Break-even
16.2 days
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Coinbase International live order book, 4 min ago8.23 bp17.3 bp −$1731.0 bp −$310doesn't fitdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0283%1h0.2418−0.393%$74K$246K10xas long as short
KuCoin WIFUSDTM−0.0030%4h0.2421−0.257%$4.1M$11.2M75xas long as short
dYdX WIF-USD0.0000%1h0.2421−0.257%$18K$58210xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2429+0.073%$48K$289K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0002%1h0.2429+0.054%$15K150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2395−1.328%$10K$10K12xas long as short
Orderly PERP_WIF_USDC+0.0090%4h0.2427−0.009%$5K$1.3M10xas long as short
Lighter WIF+0.0096%1h0.2429+0.069%$136K$550K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2422−0.215%$54K$483K20xas long as short
Hyperliquid WIF+0.0100%1h0.2425−0.088%$7.5M$4.0M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WIFUSDT+0.0100%4h0.2426−0.070%$25K$255K10xas long as short
Pacifica WIF+0.0100%1h0.2421−0.238%$76K$49K5xas long as short
Binance WIFUSDT+0.0100%4h0.2428+0.044%$18.1M$101.1M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2427−0.009%$16.8M$35.2M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2427−0.009%$6.1M$31.5M50xas long as short
Gate WIF_USDT+0.0100%4h0.2425−0.092%$1.2M$7.0M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2424−0.133%$22.0M$10.7M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2428+0.032%$7.5M$11.7M50xas long as short
BingX WIF-USDT+0.0100%4h0.2426−0.051%$65.3Mas long as short
Variational Omni WIF+0.0100%4h0.2420−0.291%$72K$68Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2429+0.073%$277K$1.8M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2429+0.073%$43K$618K25xas long as short
SunX WIF-USDT+0.0100%4h0.2421−0.257%$1K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2428+0.023%$553$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2420−0.298%$168K$719K75xas long as short
Extended WIF-USD+0.0104%1h0.2427−0.030%$10K$153K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2428+0.012%$81K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]longL +0.0234% / S −0.1335%1h0.2427long leg$4K100x
Coinbase International WIF-PERP-INTXshort+0.0264%1h0.2429+0.073%$319K$2.3M50x
BloFin WIF-USDT+0.0340%4h0.2420−0.298%$974K$713K75xas long as short
Kraken Futures PF_WIFUSD+0.0372%1h0.2430+0.101%$635K$2.1M50xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2422−0.229%$015xas long as short