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 −0.008%

Price spread now: Binance against HTX+0.128%7-day average −0.573% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$1451.447% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 3 days (all we have)−0.753%−$75 · spread now +0.128%, 7d avg −0.573%

Together, before fees−0.981%−$98 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: Binance is 0.701% dearer against HTX than usual: you sell high and buy low, +$70 on $10k if it goes back to its 7-day average of −0.573%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2366	0.0100	pay 0.0050% / 4h	2h 51m	$164K	$717K	75x
Short	Binance WIFUSDT	0.2369	0.0100	get 0.0050% / 4h	2h 51m	$17.5M	$99.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → −0.573%: $70.11
Slippage, 4 orders: −$122.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.64
Costs to cover: 1.447%
Break-even: never at this rate

Slippage from HTX: live order book, 36 min ago; Binance: live order book, 6 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 HTX live order book, 36 min ago	8.38 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.11 bp	12.5 bp −$12	30.6 bp −$306	108.4 bp −$10.8K	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	−0.0823%	1h	0.2367	+0.025%	$71K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.226%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0194%	4h	0.2368	+0.085%	$4.6M	$11.0M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2371	+0.211%	$47K	$289K	25x	as long as short
Gate WIF_USDT	−0.0120%	4h	0.2367	+0.042%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIF	−0.0104%	4h	0.2373	+0.316%	$67K	$51K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2371	+0.208%	$618K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0062%	4h	0.2371	+0.220%	$272K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0029%	4h	0.2367	+0.042%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2366	0.000%	$18K	$582	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2370	+0.162%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2369	+0.127%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2369	+0.118%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2365	−0.042%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2371	+0.199%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2365	−0.046%	$75K	$48K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2369	+0.128%	$17.5M	$99.0M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2370	+0.152%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2371	+0.211%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2368	+0.085%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2370	+0.169%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2364	−0.085%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2373	+0.296%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2360	−0.254%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2369	+0.106%	$535	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2366	long leg	$164K	$717K	75x
Extended WIF-USD	+0.0104%	1h	0.2368	+0.096%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2369	+0.106%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0110% / S −0.0469%	1h	0.2370	+0.181%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2369	+0.127%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2364	−0.085%	$974K	$687K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2368	+0.066%	$0	—	15x	as long as short