Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Binance against KuCoin+0.033%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.033%, 7d avg −0.013%

Together, before fees−0.020%−$2 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: Binance is 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2465	0.0100	pay 0.0050% / 4h	1h 36m	$4.4M	$13.5M	75x
Short	Binance WIFUSDT	0.2466	0.0100	get 0.0050% / 4h	1h 36m	$18.8M	$114.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.013%: $4.62
Slippage, 4 orders: −$44.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.1
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 7 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 KuCoin live order book, 2 min ago	4.07 bp	24.0 bp −$24	67.2 bp −$672	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.02 bp	10.2 bp −$10	28.2 bp −$282	102.3 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
BloFin WIF-USDT	−0.0177%	4h	0.2465	0.000%	$1.0M	$820K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0031%	1h	0.2463	−0.081%	$77K	$280K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2461	−0.182%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2465	0.000%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2465	−0.014%	$797	—	150x	as long as short
Gate WIF_USDT	+0.0024%	4h	0.2464	−0.041%	$1.2M	$7.5M	50x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.203%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2467	+0.073%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2461	−0.162%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2465	−0.005%	$34K	$283K	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	0.2462	−0.142%	$76K	$56K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2466	+0.033%	$18.8M	$114.4M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2463	−0.069%	$16.9M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2466	+0.041%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2465	0.000%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2465	long leg	$4.4M	$13.5M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2465	0.000%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2463	−0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2463	−0.080%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2456	−0.357%	$282K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2459	−0.243%	$42K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2466	+0.041%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2462	−0.122%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2466	+0.041%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2455	−0.406%	$165K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2465	−0.008%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2465	+0.004%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2466	+0.059%	$646K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0156% / S −0.0028%	1h	0.2465	−0.008%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0287%	1h	0.2469	+0.158%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2463	−0.081%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2461	−0.159%	$0	—	15x	as long as short