Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against HTX+0.164%7-day average −0.480% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$1091.094% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.532%−$53 · spread now +0.164%, 7d avg −0.480%

Together, before fees−0.713%−$71 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: Bitget is 0.644% dearer against HTX than usual: you sell high and buy low, +$64 on $10k if it goes back to its 7-day average of −0.480%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2442	0.0100	pay 0.0050% / 4h	2h 55m	$167K	$747K	75x
Short	Bitget WIFUSDT	0.2446	0.0100	get 0.0050% / 4h	2h 55m	$7.4M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → −0.480%: $64.42
Slippage, 4 orders: −$85.4
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.99
Costs to cover: 1.094%
Break-even: never at this rate

Slippage from HTX: live order book, 13 min ago; Bitget: live order book, 3 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, 13 min ago	10.14 bp	32.4 bp −$32	166.8 bp −$1,668	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.04 bp	15.0 bp −$15	29.0 bp −$290	111.8 bp −$11.2K	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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	+1.147%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0238%	4h	0.2444	+0.082%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0075%	1h	0.2443	+0.026%	$637K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0054%	4h	0.2445	+0.123%	$4.5M	$12.8M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	+0.023%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2443	+0.041%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2441	−0.025%	$789	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0087%	1h	0.2441	−0.037%	$73K	$262K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2444	+0.066%	$145K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2439	−0.123%	$55K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2441	−0.041%	$5K	$1.3M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2447	+0.192%	$7.8M	$4.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2446	+0.157%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2442	−0.003%	$76K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2445	+0.117%	$18.4M	$110.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2444	+0.082%	$16.8M	$37.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	+0.123%	$5.9M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2445	+0.123%	$22.1M	$11.0M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2446	+0.164%	$7.4M	$12.4M	50x
BingX WIF-USDT	+0.0100%	4h	0.2444	+0.082%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2439	−0.118%	$74K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	+0.320%	$278K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2451	+0.369%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2438	−0.164%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2443	+0.033%	$555	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2442	long leg	$167K	$747K	75x
Extended WIF-USD	+0.0104%	1h	0.2446	+0.151%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2444	+0.061%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0182% / S −0.0045%	1h	0.2440	−0.068%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2443	+0.041%	$320K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2450	+0.328%	$1.0M	$697K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2442	−0.016%	$0	—	15x	as long as short