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 −0.027%

Price spread now: Bybit against HTX0.000%7-day average −0.564% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1571.570% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 3 days (all we have)−0.447%−$45 · spread now 0.000%, 7d avg −0.564%

Together, before fees−0.789%−$79 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: Bybit is 0.564% dearer against HTX than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of −0.564%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2422	0.0100	pay 0.0050% / 4h	31m 38s	$168K	$740K	75x
Short	Bybit WIFUSDT	0.2422	0.0100	get 0.0050% / 4h	31m 38s	$16.7M	$35.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.564%: $56.43
Slippage, 4 orders: −$134.01
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$100.58
Costs to cover: 1.570%
Break-even: never at this rate

Slippage from HTX: live order book, 47 min ago; Bybit: live order book, 2 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, 47 min ago	8.27 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.06 bp	14.2 bp −$14	28.0 bp −$280	174.5 bp −$17.5K	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	−0.0421%	1h	0.2420	−0.099%	$72K	$248K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0163%	1h	0.2421	−0.041%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2421	−0.058%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2422	+0.012%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.115%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0048%	4h	0.2420	−0.083%	$4.3M	$11.6M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2421	−0.041%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2421	−0.041%	$135K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2422	0.000%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2424	+0.066%	$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	0.2421	−0.024%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2421	−0.055%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2421	−0.024%	$18.0M	$103.5M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2422	0.000%	$16.7M	$35.9M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2421	−0.041%	$6.0M	$31.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2422	0.000%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2422	0.000%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2422	0.000%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2421	−0.041%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2427	+0.216%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2427	+0.222%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2428	+0.248%	$43K	$623K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2418	−0.165%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2421	−0.041%	$552	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2422	long leg	$168K	$740K	75x
Extended WIF-USD	+0.0104%	1h	0.2422	−0.017%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2422	−0.021%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2422	−0.007%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2423	+0.041%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0322%	1h	0.2424	+0.097%	$632K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2429	+0.289%	$990K	$726K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2421	−0.053%	$0	—	15x	as long as short