Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0775%/8h= +84.8% APRpaid last 24h +0.034%

Price spread now: Gate against Injective−0.162%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Gate

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

Funding pays, the price is against you. Gate is 0.162% cheaper against Injective than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WIF/USDC PERP	0.2470	−0.0783	get 0.0098% / 1h	8m 33s	$11K	$10K	12x
Short	Gate WIF_USDT	0.2466	−0.0008	pay 0.0004% / 4h	2h 08m	$1.2M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −0.162%Rate

Funding earned: $162.67
Price spread: −0.162% → 0.000%: −$16.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $131.46
Costs to cover: 0.150%
Break-even: 1.3 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	4.05 bp	25.2 bp −$25	109.6 bp −$1,096	184.2 bp −$18.4K	doesn't fit

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 31 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
Injective WIF/USDC PERPlong	−0.0783%	1h	0.2470	long leg	$11K	$10K	12x
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2466	−0.159%	$641K	$2.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0026%	1h	0.2462	−0.320%	$80K	$273K	10x	as long as short
Gate WIF_USDTshort	−0.0008%	4h	0.2466	−0.162%	$1.2M	$7.5M	50x
dYdX WIF-USD	0.0000%	1h	0.2466	−0.182%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2464	−0.243%	$48K	$266K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2463	−0.268%	$796	—	150x	as long as short
KuCoin WIFUSDTM	+0.0086%	4h	0.2466	−0.162%	$4.5M	$13.2M	75x	as long as short
Lighter WIF	+0.0096%	1h	0.2468	−0.097%	$139K	$626K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2470	0.000%	$57K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2464	−0.243%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2467	−0.119%	$35K	$278K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2467	−0.115%	$76K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2470	0.000%	$18.9M	$113.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2468	−0.077%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2469	−0.040%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2466	−0.162%	$22.0M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2471	+0.040%	$7.5M	$12.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2467	−0.121%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	+0.043%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	+0.113%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2472	+0.081%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.405%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	−0.243%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2464	−0.243%	$166K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2465	−0.187%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2464	−0.239%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0167% / S −0.0035%	1h	0.2463	−0.288%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0211%	1h	0.2470	+0.020%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2463	−0.283%	$327K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2469	−0.057%	$0	—	15x	as long as short