Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: KuCoin against HTX+0.041%7-day average −0.529% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1501.496% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 4 days (all we have)−0.666%−$67 · spread now +0.041%, 7d avg −0.529%

Together, before fees−0.998%−$100 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: KuCoin is 0.569% dearer against HTX than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of −0.529%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2457	0.0100	pay 0.0050% / 4h	1h 37m	$166K	$691K	75x
Short	KuCoin WIFUSDTM	0.2458	0.0100	get 0.0050% / 4h	1h 37m	$4.4M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.529%: $56.95
Slippage, 4 orders: −$125.61
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.66
Costs to cover: 1.496%
Break-even: never at this rate

Slippage from HTX: live order book, 26 min ago; KuCoin: live order book, 6 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, 26 min ago	2.02 bp	41.5 bp −$42	149.1 bp −$1,491	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.02 bp	23.0 bp −$23	64.5 bp −$645	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
BloFin WIF-USDT	−0.0177%	4h	0.2459	+0.081%	$1.0M	$818K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0081%	1h	0.2456	−0.041%	$77K	$280K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2460	+0.103%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2459	+0.081%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2459	+0.096%	$795	—	150x	as long as short
Gate WIF_USDT	+0.0026%	4h	0.2460	+0.122%	$1.2M	$7.5M	50x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.529%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	+0.171%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2461	+0.163%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2460	+0.108%	$34K	$283K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2460	+0.127%	$76K	$56K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2460	+0.135%	$18.7M	$114.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2460	+0.122%	$16.9M	$38.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2462	+0.204%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2460	+0.122%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2458	+0.041%	$4.4M	$13.5M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2461	+0.163%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2461	+0.163%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2462	+0.184%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2477	+0.811%	$282K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	+0.570%	$42K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2460	+0.122%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2458	+0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2459	+0.081%	$566	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2457	long leg	$166K	$691K	75x
Extended WIF-USD	+0.0104%	1h	0.2461	+0.156%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2459	+0.093%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2459	+0.099%	$645K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0157% / S −0.0028%	1h	0.2460	+0.103%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0283%	1h	0.2463	+0.260%	$7.9M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2460	+0.122%	$328K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2458	+0.044%	$0	—	15x	as long as short