Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: ApeX Omni against GRVT0.000%7-day average +0.095% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now 0.000%, 7d avg +0.095%

Together, before fees+0.077%+ Points / potential airdropGRVT: Active · farm board+$8 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: ApeX Omni is 0.095% cheaper against GRVT than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2429	0.0100	pay 0.0050% / 4h	1h 08m	$277K	$1.8M	10x
Short	ApeX Omni WIFUSDT	0.2429	0.0100	get 0.0013% / 1h	8m 58s	$43K	$618K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.095%: −$9.53
Slippage, 4 orders: −$73.62
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$102.14
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; ApeX Omni: live order book, 9 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 GRVT live order book, 4 min ago	2.06 bp	31.7 bp −$32	49.7 bp −$497	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	10.32 bp	20.1 bp −$20	119.2 bp −$1,192	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
Backpack WIF_USDC_PERP	−0.0289%	1h	0.2432	+0.132%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0028%	4h	0.2432	+0.124%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2434	+0.192%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2433	+0.165%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2434	+0.186%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.400%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2432	+0.124%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2434	+0.189%	$136K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2434	+0.206%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2437	+0.329%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2433	+0.159%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2433	+0.171%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2435	+0.247%	$18.1M	$101.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2433	+0.152%	$16.9M	$35.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2433	+0.165%	$6.1M	$31.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2434	+0.206%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2433	+0.165%	$22.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2435	+0.247%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2433	+0.165%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.363%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2429	long leg	$277K	$1.8M	10x
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2429	0.000%	$43K	$618K	25x
SunX WIF-USDT	+0.0100%	4h	0.2428	−0.041%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2433	+0.156%	$554	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2431	+0.082%	$168K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2433	+0.144%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2433	+0.165%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0235% / S −0.1345%	1h	0.2433	+0.158%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2432	+0.124%	$320K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2432	+0.124%	$986K	$717K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0372%	1h	0.2434	+0.213%	$636K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2433	+0.151%	$0	—	15x	as long as short