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

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +3.889%
Price spread now: HTX against GMX−0.207%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.207% cheaper against GMX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WIF/USD [WBTC.b-USDC]0.2473L +0.0165% / S −0.0033%pay 0.0021% / 1h2m 00s$8K100x
ShortHTX WIF-USDT0.24680.0100get 0.0050% / 4h2h 02m$166K$699K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$13.6
Price spread: −0.207% → 0.000%
−$20.66
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$58.26
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; HTX: live order book, 2 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 HTX live order book, 2 min ago2.02 bp54.9 bp −$55165.1 bp −$1,651doesn'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 31 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
Injective WIF/USDC PERP−0.0783%1h0.2470−0.126%$11K$10K12xas long as short
Kraken Futures PF_WIFUSD−0.0074%1h0.2475+0.077%$642K$2.3M50xas long as short
Backpack WIF_USDC_PERP−0.0010%1h0.2472−0.041%$81K$273K10xas long as short
dYdX WIF-USD0.0000%1h0.2470−0.144%$19K$58910xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S +0.0001%1h0.2473+0.013%$799150xas long as short
Gate WIF_USDT+0.0020%4h0.2472−0.045%$1.2M$7.5M50xas long as short
Lighter WIF+0.0096%1h0.2476+0.105%$140K$627K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2471−0.085%$57K$496K20xas long as short
Orderly PERP_WIF_USDC+0.0100%4h0.2475+0.076%$5K$1.3M10xas long as short
Aster WIFUSDT+0.0100%4h0.2474+0.018%$35K$279K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica WIF+0.0100%1h0.2470−0.113%$76K$55K5xas long as short
Binance WIFUSDT+0.0100%4h0.2474+0.036%$18.9M$113.3M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2472−0.065%$17.0M$38.2M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2472−0.045%$5.9M$34.8M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2473−0.004%$22.0M$11.2M50xas long as short
KuCoin WIFUSDTM+0.0100%4h0.2472−0.045%$4.5M$13.3M75xas long as short
Bitget WIFUSDT+0.0100%4h0.2473−0.004%$7.5M$12.6M50xas long as short
BingX WIF-USDT+0.0100%4h0.2473−0.004%$65.9Mas long as short
Variational Omni WIF+0.0100%4h0.2476+0.099%$75K$69Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2470−0.122%$276K$2.0M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2475+0.076%$43K$628K25xas long as short
SunX WIF-USDT+0.0100%4h0.2467−0.247%$1K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2474+0.036%$565$5K5xas long as short
HTX WIF-USDTshort+0.0100%4h0.2468−0.207%$166K$699K75x
Extended WIF-USD+0.0104%1h0.2472−0.059%$8K$152K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2474+0.032%$83K$853xas long as short
Deribit WIF_USDC-PERPETUAL+0.0154%1h0.2474+0.036%$49K$266K25xas long as short
GMX WIF/USD [WBTC.b-USDC]longL +0.0165% / S −0.0033%1h0.2473long leg$8K100x
Hyperliquid WIF+0.0224%1h0.2477+0.165%$8.0M$4.7M5xas long as short
Coinbase International WIF-PERP-INTX+0.0304%1h0.2475+0.076%$329K$2.5M50xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2471−0.081%$015xas long as short