Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against HTX+0.020%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2531	0.0100	pay 0.0050% / 4h	3h 58m	$168K	$706K	75x
Short	dYdX WIF-USD	0.2531	0	get 0.0000% / 1h	58m 48s	$17K	$597	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$21
Price spread: +0.020% → 0.000%: $1.95
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 60 min ago; dYdX: no order-book sample. Net counts fees only.

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, 60 min ago	8.07 bp	69.5 bp −$69	433.0 bp −$4,330	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin WIF-USDT	−0.0213%	4h	0.2528	−0.119%	$1.0M	$875K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0086%	1h	0.2524	−0.269%	$80K	$300K	10x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2531	+0.020%	$17K	$597	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2527	−0.146%	$817	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−2.410%	$11K	$10K	12x	as long as short
SoDEX WIF-USD	+0.0095%	1h	0.2525	−0.241%	$585	$5K	5x	as long as short
Lighter WIF	+0.0096%	1h	0.2535	+0.174%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2531	0.000%	$55K	$518K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2531	0.000%	$34K	$288K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2536	+0.203%	$78K	$62K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2531	−0.020%	$19.4M	$121.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2530	−0.020%	$17.2M	$40.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2531	0.000%	$6.1M	$37.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2527	−0.158%	$1.2M	$7.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2529	−0.079%	$23.3M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2527	−0.158%	$4.5M	$14.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2534	+0.119%	$7.7M	$13.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2533	+0.079%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2533	+0.081%	$87K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2525	−0.253%	$288K	$2.4M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2527	−0.158%	$46K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2524	−0.277%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2521	−0.395%	$2K	$2.9M	50x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2531	long leg	$168K	$706K	75x
Extended WIF-USD	+0.0104%	1h	0.2528	−0.106%	$11K	$145K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2525	−0.230%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0125% / S −0.0007%	1h	0.2527	−0.156%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0349%	1h	0.2535	+0.150%	$8.3M	$5.0M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2530	−0.040%	$335K	$2.9M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0364%	1h	0.2527	−0.168%	$655K	$2.3M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2527	−0.174%	$1	—	15x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.1731%	1h	0.2529	−0.079%	$45K	$256K	25x	as long as short