Funding arb · Price arb /

WIF

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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 +0.009%

Price spread now: Gate against GRVT+0.101%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 3 days (all we have)−0.355%−$36 · spread now +0.101%, 7d avg +0.062%

Together, before fees−0.431%+ Points / potential airdropGRVT: Active · farm board−$43 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: Gate is 0.039% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2420	0.0100	pay 0.0050% / 4h	1h 17m	$276K	$1.8M	10x
Short	Gate WIF_USDT	0.2422	0.0100	get 0.0050% / 4h	1h 17m	$1.2M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → +0.062%: $3.89
Slippage, 4 orders: −$56.18
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$76.29
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Gate: 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 GRVT live order book, 1 min ago	2.07 bp	24.4 bp −$24	59.0 bp −$590	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.13 bp	25.9 bp −$26	137.7 bp −$1,377	266.8 bp −$26.7K	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	−0.0250%	1h	0.2420	+0.010%	$74K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0163%	1h	0.2422	+0.101%	$48K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0040%	4h	0.2420	+0.019%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2423	+0.124%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2422	+0.083%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.015%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2420	+0.019%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2423	+0.130%	$135K	$550K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2422	+0.101%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2424	+0.168%	$7.5M	$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	0.2422	+0.108%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2421	+0.071%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2421	+0.049%	$18.0M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2419	−0.014%	$16.7M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2419	−0.023%	$6.1M	$31.3M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2422	+0.101%	$1.2M	$7.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2421	+0.060%	$21.9M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2421	+0.060%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2421	+0.060%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2413	−0.262%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2420	long leg	$276K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2417	−0.105%	$43K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2419	−0.023%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2422	+0.122%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2417	−0.105%	$167K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2419	−0.021%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2420	+0.012%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0225% / S −0.1276%	1h	0.2421	+0.053%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2424	+0.184%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2423	+0.143%	$979K	$714K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0373%	1h	0.2423	+0.152%	$634K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2420	+0.006%	$0	—	15x	as long as short