Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: ApeX Omni against Hyperliquid+0.019%85s7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.681% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.244%+$24 · spread now +0.019%, 7d avg −0.066%

Together, before fees+0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 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: ApeX Omni is 0.086% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.066%. The two prices were read 85 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	Hyperliquid WIF	0.2391	0.0100	pay 0.0013% / 1h	50m 10s	$7.4M	$4.0M	5x
Short	ApeX Omni WIFUSDT	0.2391	0.0100	get 0.0013% / 1h	50m 10s	$42K	$618K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.066%: $8.56
Slippage, 4 orders: −$49.06
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$59.5
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; ApeX Omni: live order book, 33 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 Hyperliquid live order book, 2 min ago	1.25 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	10.50 bp	23.5 bp −$24	117.5 bp −$1,175	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
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2387	−0.148%	$47K	$289K	25x	as long as short
Backpack WIF_USDC_PERP	−0.0139%	1h	0.2385	−0.219%	$75K	$235K	10x	as long as short
KuCoin WIFUSDTM	−0.0124%	4h	0.2387	−0.148%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2391	+0.010%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2389	−0.081%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	+0.187%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2387	−0.148%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0095%	4h	0.2387	−0.160%	$25K	$255K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2387	−0.152%	$133K	$544K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2388	−0.106%	$53K	$482K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIFlong	+0.0100%	1h	0.2391	long leg	$7.4M	$4.0M	5x
Pacifica WIF	+0.0100%	1h	0.2390	−0.006%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2386	−0.190%	$17.6M	$99.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2386	−0.190%	$16.6M	$34.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2387	−0.148%	$6.1M	$30.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2387	−0.148%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2388	−0.106%	$21.4M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2388	−0.106%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2384	−0.274%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2388	−0.094%	$68K	$65K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.312%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2391	+0.019%	$42K	$618K	25x
SunX WIF-USDT	+0.0100%	4h	0.2384	−0.274%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2387	−0.161%	$548	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2386	−0.190%	$165K	$714K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2387	−0.164%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2387	−0.159%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0185% / S −0.0996%	1h	0.2389	−0.079%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2396	+0.228%	$314K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2387	−0.148%	$965K	$700K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0379%	1h	0.2389	−0.083%	$628K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2388	−0.092%	$0	—	15x	as long as short