Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0607%/8h= −66.4% APRpaid last 24h +0.040%

Price spread now: MEXC against Injective+0.583%7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

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

The price spread pays, funding is against you. MEXC is 0.583% dearer against Injective than usual: you sell high and buy low (spread +0.583% now, against zero (this spread has no 7-day history yet)): +$58 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WIF/USDC PERP	0.2401	0.0707	pay 0.0088% / 1h	16m 36s	$10K	$10K	12x
Short	MEXC WIF_USDT	0.2415	0.0100	get 0.0050% / 4h	2h 16m	$21.8M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.583%Rate

Funding earned: −$127.41
Price spread: +0.583% → 0.000%: $58.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$73.12
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.06 bp	8.0 bp −$8	25.7 bp −$257	98.1 bp −$9,812	142.6 bp −$71.3K

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
BloFin WIF-USDT	−0.0141%	4h	0.2418	+0.708%	$748K	$909K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2415	+0.563%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2415	+0.583%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2422	+0.875%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0040%	1h	0.2414	+0.521%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0086% / S +0.0032%	1h	0.2422	+0.858%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2418	+0.696%	$147K	$671K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2425	+1.000%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2418	+0.696%	$8.4M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2417	+0.686%	$29K	$339K	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	0.2416	+0.609%	$76K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2416	+0.617%	$18.6M	$140.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2415	+0.575%	$16.3M	$46.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2415	+0.583%	$5.5M	$40.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2416	+0.625%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2415	+0.583%	$21.8M	$12.1M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2415	+0.583%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2416	+0.625%	$7.3M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2420	+0.791%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	+0.045%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2413	+0.500%	$269K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2413	+0.500%	$44K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2416	+0.625%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2411	+0.416%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2416	+0.625%	$558	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2417	+0.666%	$146K	$859K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2414	+0.556%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2416	+0.611%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0248%	1h	0.2415	+0.571%	$631K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2416	+0.625%	$322K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2423	+0.900%	$0	—	15x	as long as short
Injective WIF/USDC PERPlong	+0.0707%	1h	0.2401	long leg	$10K	$10K	12x