Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: BingX against GRVT+0.423%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

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

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.760%−$76 · spread now +0.423%, 7d avg −0.011%

Together, before fees−0.730%+ Points / potential airdropGRVT: Active · farm board−$73 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: BingX is 0.433% dearer against GRVT than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2419	0.0100	pay 0.0050% / 4h	1h 12m	$276K	$1.8M	10x
Short	BingX WIF-USDC	0.2429	0.0100	get 0.0050% / 4h	1h 12m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.423%Rate

Funding earned: $0
Price spread: +0.423% → −0.011%: $43.32
Slippage, 4 orders: −$73.61
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.28
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; BingX: live order book, 11 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, 1 min ago	2.06 bp	31.7 bp −$32	49.7 bp −$497	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	2.08 bp	17.6 bp −$18	61.9 bp −$619	316.1 bp −$31.6K	529.1 bp −$264.5K

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	−0.0265%	1h	0.2430	+0.460%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0030%	4h	0.2430	+0.464%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2432	+0.526%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2433	+0.588%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2432	+0.547%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.983%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2431	+0.505%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2432	+0.530%	$136K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2428	+0.381%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2434	+0.633%	$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	0.2432	+0.534%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2427	+0.337%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2429	+0.442%	$18.1M	$101.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2427	+0.348%	$16.8M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2425	+0.257%	$6.1M	$31.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2431	+0.505%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2430	+0.464%	$22.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2432	+0.547%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDCshort	+0.0100%	4h	0.2429	+0.423%	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2420	+0.059%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2419	long leg	$276K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2421	+0.092%	$43K	$619K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2423	+0.175%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2432	+0.526%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2429	+0.423%	$168K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2430	+0.444%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2431	+0.505%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0230% / S −0.1310%	1h	0.2431	+0.521%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2431	+0.505%	$320K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2430	+0.464%	$979K	$716K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0372%	1h	0.2433	+0.602%	$636K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2428	+0.368%	$0	—	15x	as long as short