Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against GRVT+0.121%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−$57as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.121%, 7d avg −0.095%

Together, before fees−0.242%+ Points / potential airdropGRVT: Active · farm board−$24 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: KuCoin is 0.216% dearer against GRVT than usual: you sell high and buy low, +$22 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	0.2470	0.0100	pay 0.0050% / 4h	1h 31m	$284K	$2.1M	10x
Short	KuCoin WIFUSDTM	0.2473	0.0100	get 0.0050% / 4h	1h 31m	$4.4M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → −0.095%: $21.62
Slippage, 4 orders: −$57.39
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.77
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago	2.02 bp	24.5 bp −$24	87.2 bp −$872	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.07 bp	20.0 bp −$20	59.0 bp −$590	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
BloFin WIF-USDT	−0.0176%	4h	0.2471	+0.040%	$1.0M	$820K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2472	+0.061%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2472	+0.092%	$799	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	0.000%	$11K	$10K	12x	as long as short
Gate WIF_USDT	+0.0056%	4h	0.2472	+0.081%	$1.2M	$7.5M	50x	as long as short
Backpack WIF_USDC_PERP	+0.0087%	1h	0.2467	−0.113%	$78K	$280K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	+0.186%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2474	+0.162%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2473	+0.110%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2472	+0.065%	$76K	$56K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2473	+0.137%	$18.9M	$114.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2471	+0.045%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2473	+0.121%	$5.9M	$35.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2473	+0.121%	$22.3M	$11.0M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2473	+0.121%	$4.4M	$13.6M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2472	+0.081%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2468	−0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2463	−0.283%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2470	long leg	$284K	$2.1M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2470	0.000%	$42K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2473	+0.121%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2469	−0.040%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2473	+0.121%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2466	−0.162%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2471	+0.032%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2473	+0.102%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2474	+0.169%	$648K	$2.3M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0155%	1h	0.2473	+0.121%	$46K	$258K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0155% / S −0.0027%	1h	0.2473	+0.109%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0292%	1h	0.2476	+0.259%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2472	+0.081%	$330K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2471	+0.043%	$0	—	15x	as long as short