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 −0.032%

Price spread now: Variational Omni against GRVT+0.047%104s7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: Active · Variational Omni: 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: Variational Omni is 0.047% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2423	0.0100	pay 0.0050% / 4h	29m 50s	$275K	$1.8M	10x
Short	Variational Omni WIF	0.2424	0.0100	get 0.0050% / 4h	29m 50s	$72K	$68K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.27
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; Variational Omni: 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, 4 min ago	2.06 bp	28.3 bp −$28	158.2 bp −$1,582	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 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	−0.0413%	1h	0.2423	+0.005%	$72K	$248K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2424	+0.026%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2426	+0.121%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2426	+0.105%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.159%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0046%	4h	0.2423	−0.003%	$4.3M	$11.6M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2425	+0.079%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2426	+0.104%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2426	+0.121%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2428	+0.207%	$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	0.2426	+0.116%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2423	+0.013%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2426	+0.121%	$18.0M	$103.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2424	+0.051%	$16.7M	$36.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2424	+0.038%	$6.0M	$31.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2424	+0.038%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2425	+0.079%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2425	+0.079%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2425	+0.079%	—	$65.7M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2424	+0.047%	$72K	$68K	—
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2423	long leg	$275K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2426	+0.121%	$43K	$624K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2421	−0.086%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2425	+0.063%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2425	+0.079%	$168K	$740K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2424	+0.020%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2425	+0.065%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2425	+0.084%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2427	+0.162%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0322%	1h	0.2427	+0.142%	$632K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2422	−0.044%	$984K	$724K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2424	+0.047%	$0	—	15x	as long as short