Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.036%

Price spread now: Coinbase International against HTX+0.295%7-day average −0.402% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1521.515% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.556%−$56 · spread now +0.295%, 7d avg −0.402%

Together, before fees−0.453%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.697% dearer against HTX than usual: you sell high and buy low: +$70 more if the spread goes back to its 7-day average of −0.402%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2374	0.0100	pay 0.0050% / 4h	2h 35m	$164K	$719K	75x
Short	Coinbase International WIF-PERP-INTX	0.2381	0.0272	get 0.0034% / 1h	35m 45s	$311K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.295%Rate

Funding earned: $36.12
Price spread: +0.295% → −0.402%: $69.65
Slippage, 4 orders: −$129.54
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.77
Costs to cover: 1.515%
Break-even: 15.9 days

Slippage from HTX: live order book, 52 min ago; Coinbase International: 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, 52 min ago	8.38 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.33 bp	15.5 bp −$15	28.6 bp −$286	doesn't fit	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	−0.0739%	1h	0.2376	+0.063%	$73K	$234K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.885%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0202%	4h	0.2375	+0.042%	$4.2M	$11.1M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0170%	1h	0.2378	+0.168%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2377	+0.144%	$625K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0068%	4h	0.2371	−0.147%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0038%	4h	0.2376	+0.084%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2377	+0.126%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2377	+0.126%	$15K	—	150x	as long as short
Aster WIFUSDT	+0.0012%	4h	0.2376	+0.100%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0014%	4h	0.2371	−0.127%	$264K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2376	+0.084%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2377	+0.143%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2376	+0.084%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2380	+0.261%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2378	+0.156%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2377	+0.126%	$17.6M	$99.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2376	+0.084%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2378	+0.168%	$6.1M	$30.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2377	+0.126%	$21.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2377	+0.126%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2378	+0.168%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2371	−0.126%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2371	−0.126%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2376	+0.063%	$538	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2374	long leg	$164K	$719K	75x
Extended WIF-USD	+0.0104%	1h	0.2375	+0.052%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2376	+0.072%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0130% / S −0.0604%	1h	0.2377	+0.137%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0272%	1h	0.2381	+0.295%	$311K	$2.3M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2374	0.000%	$968K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2375	+0.060%	$0	—	15x	as long as short