Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h +0.024%

Price spread now: Bitget against Kraken Futures+0.118%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.118%, 7d avg −0.002%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.120% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2449	0.0039	pay 0.0005% / 1h	38m 48s	$633K	$2.2M	50x
Short	Bitget WIFUSDT	0.2452	0.0100	get 0.0050% / 4h	3h 38m	$7.6M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.118%Rate

Funding earned: $12.71
Price spread: +0.118% → −0.002%: $12.05
Slippage, 4 orders: −$51.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.67
Costs to cover: 0.734%
Break-even: 33.8 days

Slippage from Kraken Futures: live order book, 5 min ago; Bitget: live order book, 5 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 Kraken Futures live order book, 5 min ago	12.26 bp	21.6 bp −$22	51.2 bp −$512	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.04 bp	15.8 bp −$16	26.0 bp −$260	102.1 bp −$10.2K	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
Backpack WIF_USDC_PERP	−0.0394%	1h	0.2447	−0.066%	$75K	$252K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2448	−0.045%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0132%	4h	0.2450	+0.037%	$1.2M	$7.0M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2453	+0.143%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2450	+0.017%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0002%	4h	0.2450	+0.037%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.209%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0039%	1h	0.2449	long leg	$633K	$2.2M	50x
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2448	−0.045%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	+0.126%	$146K	$581K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2448	−0.045%	$54K	$483K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2452	+0.132%	$25K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2457	+0.310%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2458	+0.353%	$18.5M	$105.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2458	+0.363%	$17.0M	$36.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2455	+0.241%	$6.0M	$33.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2458	+0.363%	$22.1M	$10.9M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2452	+0.118%	$7.6M	$11.9M	50x
BingX WIF-USDC	+0.0100%	4h	0.2448	−0.045%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	−0.326%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.243%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2441	−0.331%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2444	−0.208%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2448	−0.049%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2446	−0.127%	$168K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2456	+0.281%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2448	−0.039%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0130%	1h	0.2455	+0.224%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2450	+0.034%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2450	+0.037%	$324K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2449	−0.004%	$998K	$736K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2449	−0.020%	$0	—	15x	as long as short