Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against GRVT−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Pacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.066% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2508	0.0100	pay 0.0050% / 4h	1h 31m	$280K	$3.4M	10x
Short	Pacifica WIF	0.2506	0.0100	get 0.0013% / 1h	31m 31s	$77K	$98K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → 0.000%: −$6.62
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.62
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Pacifica: no order-book sample. Net counts fees only.

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, 5 min ago	1.99 bp	28.5 bp −$28	145.6 bp −$1,456	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 exchanges

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
Injective WIF/USDC PERP	−0.0389%	1h	0.2559	+2.033%	$10K	$28K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0149%	1h	0.2505	−0.120%	$33K	$254K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2510	+0.080%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0119% / S +0.0181%	1h	0.2518	+0.395%	$9K	—	100x	as long as short
Backpack WIF_USDC_PERP	−0.0069%	1h	0.2504	−0.156%	$85K	$367K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2506	−0.064%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2505	−0.126%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0096%	4h	0.2506	−0.080%	$5K	$965K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2508	+0.004%	$143K	$883K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2508	0.000%	$52K	$636K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2507	−0.020%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2506	−0.080%	$32K	$424K	10x	as long as short
Pacifica WIFshort	+0.0100%	1h	0.2506	−0.066%	$77K	$98K	5x
Binance WIFUSDT	+0.0100%	4h	0.2507	−0.048%	$20.2M	$174.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2505	−0.112%	$17.1M	$59.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2508	0.000%	$6.2M	$51.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2506	−0.080%	$1.2M	$12.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2506	−0.080%	$22.3M	$15.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2505	−0.120%	$3.7M	$18.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2507	−0.040%	$7.5M	$19.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2503	−0.199%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	+0.373%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2508	long leg	$280K	$3.4M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2518	+0.399%	$36K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2500	−0.319%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2506	−0.060%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2505	−0.120%	$155K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2506	−0.072%	$9K	$261K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2506	−0.063%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2511	+0.120%	$340K	$3.9M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2509	+0.056%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0572%	1h	0.2508	−0.001%	$628K	$3.1M	50x	as long as short