Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h +0.014%

Price spread now: HTX against Kraken Futures−0.155%7-day average +0.452% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$1821.818% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)+0.472%+$47 · spread now −0.155%, 7d avg +0.452%

Together, before fees+0.835%+$84 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.607% cheaper against Kraken Futures than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of +0.452%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.363%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2384	0.0251	pay 0.0031% / 1h	30m 40s	$618K	$2.5M	50x
Short	HTX WIF-USDT	0.2380	0.0100	get 0.0050% / 4h	2h 30m	$154K	$828K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$31.66
Price spread: −0.155% → +0.452%: −$60.67
Slippage, 4 orders: −$159.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$274.09
Costs to cover: 1.818%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 18 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, 3 min ago	8.38 bp	25.5 bp −$25	60.6 bp −$606	doesn't fit	doesn't fit
Sell HTX live order book, 18 min ago	4.08 bp	93.9 bp −$94	doesn't fit	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
BloFin WIF-USDT	−0.0140%	4h	0.2384	+0.013%	$994K	$888K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0004%	1h	0.2384	+0.001%	$73K	$317K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2381	−0.113%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2384	+0.013%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2384	+0.032%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0092% / S +0.0032%	1h	0.2384	+0.017%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2385	+0.055%	$143K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2384	+0.013%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2385	+0.072%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2384	+0.022%	$29K	$330K	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	0.2384	−0.006%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2383	−0.009%	$18.5M	$138.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2382	−0.058%	$16.2M	$45.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2383	−0.029%	$5.4M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2383	−0.029%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2383	−0.029%	$21.4M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2382	−0.071%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2383	−0.029%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2380	−0.155%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2382	−0.065%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2386	+0.100%	$264K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2384	+0.013%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2384	+0.013%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2381	−0.113%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2384	−0.008%	$550	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2380	−0.155%	$154K	$828K	75x
Extended WIF-USD	+0.0104%	1h	0.2381	−0.098%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2384	−0.008%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0251%	1h	0.2384	long leg	$618K	$2.5M	50x
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2385	+0.055%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2384	+0.008%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.601%	$10K	$10K	12x	as long as short