Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against HTX+0.254%7-day average −0.578% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$1421.416% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 3 days (all we have)−0.780%−$78 · spread now +0.254%, 7d avg −0.578%

Together, before fees−1.008%−$101 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: MEXC is 0.832% dearer against HTX than usual: you sell high and buy low, +$83 on $10k if it goes back to its 7-day average of −0.578%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2361	0.0100	pay 0.0050% / 4h	2h 29m	$163K	$719K	75x
Short	MEXC WIF_USDT	0.2367	0.0100	get 0.0050% / 4h	2h 29m	$21.1M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.254%Rate

Funding earned: $0
Price spread: +0.254% → −0.578%: $83.2
Slippage, 4 orders: −$125.6
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$58.4
Costs to cover: 1.416%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; MEXC: live order book, 4 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, 58 min ago	8.38 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.11 bp	12.6 bp −$13	21.9 bp −$219	99.5 bp −$9,949	151.1 bp −$75.6K

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	−0.0729%	1h	0.2362	+0.025%	$73K	$234K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.440%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0216%	4h	0.2364	+0.127%	$4.1M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2364	+0.127%	$46K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2365	+0.173%	$619K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0043%	4h	0.2365	+0.186%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0020%	4h	0.2364	+0.127%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2365	+0.163%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2364	+0.117%	$14K	—	150x	as long as short
Aster WIFUSDT	+0.0009%	4h	0.2365	+0.162%	$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	+0.0038%	4h	0.2376	+0.631%	$265K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2362	+0.042%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2366	+0.208%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2362	+0.042%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2368	+0.307%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2366	+0.206%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2366	+0.195%	$17.5M	$99.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2364	+0.127%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2366	+0.212%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2367	+0.254%	$21.1M	$10.8M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2366	+0.212%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2363	+0.085%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2372	+0.466%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2359	−0.085%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2362	+0.064%	$537	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2361	long leg	$163K	$719K	75x
Extended WIF-USD	+0.0104%	1h	0.2364	+0.114%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2362	+0.042%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0137% / S −0.0657%	1h	0.2362	+0.055%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2376	+0.635%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2369	+0.339%	$968K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2361	+0.017%	$0	—	15x	as long as short