Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.050%

Price spread now: Injective against HTX−1.925%65s7-day average — · you buy dearer than you sell

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.925% cheaper against HTX than usual: you would sell low and buy high (−$192 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

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 44s	$168K	$746K	75x
Short	Injective WIF/USDC PERP	0.2395	0.0033	get 0.0004% / 1h	7m 44s	$10K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.925%Rate

Funding earned: −$14
Price spread: −1.925% → 0.000%: −$192.47
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$218.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 6 min ago; Injective: 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, 6 min ago	10.29 bp	52.5 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
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	0.2443	+0.024%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0020%	4h	0.2439	−0.123%	$4.3M	$11.7M	75x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2395	−1.925%	$10K	$10K	12x
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2443	+0.041%	$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	0.2439	−0.123%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2443	+0.041%	$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	0.2442	−0.014%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2438	−0.157%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2436	−0.242%	$18.3M	$104.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	−0.102%	$16.8M	$36.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2436	−0.246%	$6.0M	$32.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2440	−0.082%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2439	−0.123%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2440	−0.082%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2440	−0.082%	—	$65.7M	—	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	0.2429	−0.533%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2436	−0.246%	$43K	$626K	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-USD	+0.0104%	1h	0.2438	−0.183%	$10K	$153K	25x	as long as short
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	0.2443	+0.028%	$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	0.2439	−0.137%	$0	—	15x	as long as short