Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Gate against KuCoin−0.165%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.165%, 7d avg +0.003%

Together, before fees+0.133%+$13 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: Gate is 0.168% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2425	0.0100	pay 0.0050% / 4h	2h 17m	$4.0M	$16.0M	75x
Short	Gate WIF_USDT	0.2421	0.0100	get 0.0050% / 4h	2h 17m	$1.1M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.165%Rate

Funding earned: $0
Price spread: −0.165% → +0.003%: −$16.77
Slippage, 4 orders: −$66.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.5
Costs to cover: 0.937%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 1 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	2.10 bp	21.4 bp −$21	69.7 bp −$697	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.06 bp	23.7 bp −$24	74.7 bp −$747	115.3 bp −$11.5K	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	−0.0141%	4h	0.2414	−0.454%	$974K	$907K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2426	+0.024%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2421	−0.145%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0037%	1h	0.2421	−0.148%	$75K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0087% / S +0.0031%	1h	0.2422	−0.134%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2428	+0.120%	$147K	$671K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2422	−0.124%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2421	−0.161%	$8.4M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2425	+0.009%	$30K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2425	+0.019%	$76K	$69K	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	0.2425	0.000%	$18.7M	$140.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2425	0.000%	$16.4M	$46.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2424	−0.041%	$5.5M	$40.2M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2421	−0.165%	$1.1M	$9.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2425	0.000%	$21.9M	$12.0M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2425	long leg	$4.0M	$16.0M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2424	−0.041%	$7.4M	$15.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2419	−0.247%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	−0.945%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−1.752%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2390	−1.443%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2423	−0.082%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2419	−0.247%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2424	−0.062%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2420	−0.206%	$146K	$859K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2418	−0.283%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2423	−0.078%	$81K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0163%	1h	0.2423	−0.082%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0247%	1h	0.2424	−0.024%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2424	−0.041%	$322K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2421	−0.160%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.990%	$10K	$10K	12x	as long as short