Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against GRVT+0.709%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs+$18as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.828%−$83 · spread now +0.709%, 7d avg −0.107%

Together, before fees−0.854%+ Points / potential airdropGRVT: Active · farm board−$85 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: MEXC is 0.816% dearer against GRVT than usual: you sell high and buy low, +$82 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2497	0.0100	pay 0.0050% / 4h	2h 57m	$278K	$2.6M	10x
Short	MEXC WIF_USDT	0.2515	0.0100	get 0.0050% / 4h	2h 57m	$23.1M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.709%Rate

Funding earned: $0
Price spread: +0.709% → −0.107%: $81.61
Slippage, 4 orders: −$50.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: $17.65
Costs to cover: 0.640%
Break-even: from the start

Slippage from GRVT: live order book, 1 min ago; MEXC: 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	2.01 bp	18.3 bp −$18	63.7 bp −$637	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.01 bp	9.9 bp −$10	36.7 bp −$367	120.7 bp −$12.1K	148.0 bp −$74.0K

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	−0.0199%	4h	0.2513	+0.629%	$1.1M	$911K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2502	+0.172%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2513	+0.629%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2512	+0.605%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2514	+0.681%	$145K	$654K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2508	+0.429%	$53K	$566K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2511	+0.552%	$41K	$313K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2501	+0.168%	$78K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2515	+0.692%	$19.8M	$132.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2515	+0.697%	$17.3M	$43.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2515	+0.709%	$5.9M	$39.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2509	+0.469%	$1.2M	$8.5M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2515	+0.709%	$23.1M	$11.7M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2513	+0.629%	$4.4M	$15.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2514	+0.669%	$7.7M	$14.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2509	+0.469%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2489	−0.348%	$72K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2500	+0.111%	$86K	$146K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2497	long leg	$278K	$2.6M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	−0.092%	$46K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2512	+0.589%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2509	+0.469%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2513	+0.629%	$584	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2516	+0.749%	$166K	$738K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0103% / S +0.0026%	1h	0.2512	+0.590%	$9K	—	100x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2510	+0.522%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2510	+0.529%	$84K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0238%	1h	0.2515	+0.694%	$657K	$2.4M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2516	+0.749%	$337K	$3.1M	50x	as long as short
Hyperliquid WIF	+0.0534%	1h	0.2515	+0.721%	$8.8M	$5.6M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2512	+0.593%	$1	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2555	+2.311%	$11K	$10K	12x	as long as short