Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against KuCoin+0.343%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.436%−$44 · spread now +0.343%, 7d avg −0.021%

Together, before fees−0.396%−$40 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: Bybit is 0.364% dearer against KuCoin than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2621	0.0100	pay 0.0050% / 4h	3h 10m	$4.1M	$18.3M	75x
Short	Bybit WIFUSDT	0.2630	0.0100	get 0.0050% / 4h	3h 10m	$18.2M	$57.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.343%Rate

Funding earned: $0
Price spread: +0.343% → −0.021%: $36.42
Slippage, 4 orders: −$60.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.4
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 3 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, 8 min ago	5.85 bp	32.8 bp −$33	106.4 bp −$1,064	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.95 bp	13.4 bp −$13	28.9 bp −$289	103.5 bp −$10.4K	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	0.2615	−0.229%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0139% / S +0.0170%	1h	0.2595	−0.979%	$8K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2621	−0.017%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2596	−0.946%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2597	−0.916%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2597	−0.919%	$151K	$849K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2631	+0.382%	$48K	$586K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2620	−0.042%	$10.5M	$9.3M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2629	+0.306%	$42K	$423K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2621	+0.019%	$81K	$90K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2632	+0.420%	$21.1M	$169.1M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2630	+0.343%	$18.2M	$57.7M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2628	+0.267%	$6.5M	$52.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2620	−0.038%	$1.4M	$12.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2621	0.000%	$24.4M	$15.8M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2621	long leg	$4.1M	$18.3M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2624	+0.114%	$7.9M	$18.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2621	0.000%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2617	−0.164%	$83K	$350K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2616	−0.188%	$82K	$369K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2567	−2.057%	$286K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2563	−2.213%	$36K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2602	−0.725%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2606	−0.591%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2605	−0.610%	$168K	$990K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2630	+0.356%	$9K	$217K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2597	−0.911%	$87K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2601	−0.763%	$351K	$4.1M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2558	−2.404%	$10K	$28K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0520%	1h	0.2600	−0.801%	$35K	$260K	25x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2606	−0.589%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0709%	1h	0.2608	−0.489%	$674K	$3.0M	50x	as long as short