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 0.000%

Price spread now: BingX against HTX+0.122%7-day average −0.470% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.537%−$54 · spread now +0.122%, 7d avg −0.470%

Together, before fees−0.718%−$72 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: BingX is 0.592% dearer against HTX than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.470%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2467	0.0100	pay 0.0050% / 4h	52m 42s	$153K	$948K	75x
Short	BingX WIF-USDT	0.2470	0.0100	get 0.0050% / 4h	52m 42s	—	$27.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → −0.470%: $59.17
Slippage, 4 orders: −$58.16
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.99
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from HTX: live order book, 51 min ago; BingX: live order book, 16 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, 51 min ago	10.17 bp	31.6 bp −$32	2493.6 bp −$24.9K	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	2.00 bp	7.7 bp −$8	21.7 bp −$217	88.8 bp −$8,885	448.4 bp −$224.2K

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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−0.203%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2466	−0.041%	$987K	$942K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2470	+0.102%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2468	+0.041%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2468	+0.057%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0009% / S +0.0237%	1h	0.2468	+0.031%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	+0.316%	$142K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2472	+0.203%	$54K	$573K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2475	+0.319%	$8.7M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2472	+0.183%	$30K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2471	+0.180%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2471	+0.167%	$18.8M	$145.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2468	+0.057%	$16.6M	$47.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2468	+0.041%	$5.5M	$42.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2472	+0.203%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2469	+0.081%	$22.0M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2469	+0.081%	$4.3M	$16.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2470	+0.122%	$7.4M	$15.8M	50x	as long as short
BingX WIF-USDTshort	+0.0100%	4h	0.2470	+0.122%	—	$27.1M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2468	+0.036%	$74K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2469	+0.083%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+0.601%	$275K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	+0.324%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2468	+0.041%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2464	−0.122%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2469	+0.077%	$563	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2467	long leg	$153K	$948K	75x
Extended WIF-USD	+0.0104%	1h	0.2473	+0.237%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2468	+0.042%	$82K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2478	+0.446%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2469	+0.063%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0821%	1h	0.2471	+0.143%	$642K	$2.7M	50x	as long as short