Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against HTX−0.429%7-day average −0.564% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1421.422% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 3 days (all we have)−0.065%−$6 · spread now −0.429%, 7d avg −0.564%

Together, before fees−0.286%+ Points / potential airdropExtended: Active · farm board−$29 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: Extended is 0.135% dearer against HTX than usual: you sell high and buy low, +$14 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	0.2442	0.0100	pay 0.0050% / 4h	7m 22s	$168K	$746K	75x
Short	Extended WIF-USD	0.2432	0.0104	get 0.0013% / 1h	7m 22s	$10K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.429%Rate

Funding earned: $0.84
Price spread: −0.429% → −0.564%: $13.54
Slippage, 4 orders: −$125.24
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$127.86
Costs to cover: 1.422%
Break-even: 1072.5 days

Slippage from HTX: live order book, 6 min ago; Extended: 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, 6 min ago	10.29 bp	52.5 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	6.18 bp	18.2 bp −$18	89.7 bp −$897	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	−0.0397%	1h	0.2441	−0.041%	$75K	$250K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2439	−0.137%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2444	+0.082%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2438	−0.182%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0014%	4h	0.2432	−0.410%	$4.3M	$11.7M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.925%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2437	−0.205%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2438	−0.172%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2432	−0.410%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2439	−0.139%	$7.6M	$4.1M	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	0.2436	−0.264%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2437	−0.206%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2436	−0.246%	$18.3M	$104.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2435	−0.287%	$16.8M	$36.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2434	−0.328%	$6.0M	$32.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2435	−0.287%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2435	−0.287%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2434	−0.328%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2435	−0.287%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2425	−0.690%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2435	−0.276%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2432	−0.410%	$43K	$627K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2435	−0.287%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2442	+0.020%	$557	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2442	long leg	$168K	$746K	75x
Extended WIF-USDshort	+0.0104%	1h	0.2432	−0.429%	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2443	+0.041%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2437	−0.186%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2445	+0.123%	$321K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0319%	1h	0.2445	+0.111%	$634K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2435	−0.287%	$984K	$732K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2434	−0.311%	$0	—	15x	as long as short