Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: dYdX against KuCoin+0.185%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.185% dearer against KuCoin than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2435	0.0100	pay 0.0050% / 4h	1h 55m	$4.0M	$16.3M	75x
Short	dYdX WIF-USD	0.2440	0	get 0.0000% / 1h	55m 16s	$13K	$587	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$21
Price spread: +0.185% → 0.000%: $18.53
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$24.47
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

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, 3 min ago	4.06 bp	33.4 bp −$33	76.1 bp −$761	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2454	+0.780%	$10K	$10K	12x	as long as short
ApeX Omni WIFUSDT	−0.0412%	1h	0.2454	+0.780%	$45K	$631K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2436	+0.041%	$964K	$919K	75x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2440	+0.185%	$13K	$587	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2436	+0.041%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2436	+0.021%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0019%	1h	0.2438	+0.115%	$72K	$294K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0069% / S +0.0252%	1h	0.2435	−0.003%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2437	+0.094%	$141K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2437	+0.082%	$52K	$570K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2440	+0.190%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2436	+0.059%	$31K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2440	+0.209%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2436	+0.041%	$18.5M	$142.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2436	+0.041%	$16.5M	$47.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2436	+0.041%	$5.4M	$40.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2434	−0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2436	+0.041%	$22.2M	$12.1M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2435	long leg	$4.0M	$16.3M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2434	−0.041%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2434	−0.041%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2443	+0.332%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	+0.468%	$281K	$2.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2435	0.000%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2431	−0.164%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2435	+0.021%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2436	+0.041%	$148K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2434	−0.026%	$10K	$170K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2435	+0.011%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0350%	1h	0.2437	+0.069%	$629K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2442	+0.287%	$340K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2436	+0.046%	$0	—	15x	as long as short