Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.063%

Price spread now: Coinbase International against KuCoin+0.328%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.428%+$43 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.328%, 7d avg +0.159%

Together, before fees+0.356%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.169% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2440	0.0100	pay 0.0050% / 4h	1h 32m	$4.0M	$16.4M	75x
Short	Coinbase International WIF-PERP-INTX	0.2448	0.0384	get 0.0048% / 1h	32m 14s	$323K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.328%Rate

Funding earned: $59.64
Price spread: +0.328% → +0.159%: $16.9
Slippage, 4 orders: −$63.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.58
Costs to cover: 0.851%
Break-even: 8.0 days

Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 2 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, 6 min ago	4.08 bp	21.1 bp −$21	70.6 bp −$706	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.13 bp	15.2 bp −$15	27.3 bp −$273	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	+0.902%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2450	+0.410%	$979K	$922K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0059%	1h	0.2440	−0.012%	$72K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2446	+0.226%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2441	+0.041%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2441	+0.041%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0043% / S +0.0253%	1h	0.2441	+0.026%	$20K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2443	+0.139%	$141K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2443	+0.123%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2445	+0.189%	$8.5M	$6.4M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2442	+0.081%	$31K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2445	+0.209%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2442	+0.081%	$18.5M	$143.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	0.000%	$16.5M	$47.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2442	+0.082%	$5.5M	$41.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2442	+0.082%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2441	+0.041%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2440	long leg	$4.0M	$16.4M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2441	+0.041%	$7.4M	$15.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2442	+0.082%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	+0.187%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2457	+0.704%	$273K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2457	+0.697%	$45K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2441	+0.041%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2438	−0.082%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2441	+0.045%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2436	−0.164%	$141K	$904K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2440	−0.004%	$10K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2441	+0.025%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0349%	1h	0.2444	+0.148%	$634K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0384%	1h	0.2448	+0.328%	$323K	$3.2M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2440	+0.005%	$0	—	15x	as long as short