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 +0.021%

Price spread now: HTX against KuCoin−0.238%7-day average +0.495% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$1421.420% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 4 days (all we have)+0.733%+$73 · spread now −0.238%, 7d avg +0.495%

Together, before fees+1.066%+$107 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: HTX is 0.733% cheaper against KuCoin than usual: you would sell low and buy high, −$73 on $10k if it goes back to its 7-day average of +0.495%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2519	0.0100	pay 0.0050% / 4h	16m 15s	$4.2M	$17.1M	75x
Short	HTX WIF-USDT	0.2513	0.0100	get 0.0050% / 4h	16m 15s	$159K	$912K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.238%Rate

Funding earned: $0
Price spread: −0.238% → +0.495%: −$73.31
Slippage, 4 orders: −$117.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$215.27
Costs to cover: 1.420%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 22 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	3.99 bp	23.5 bp −$24	66.7 bp −$667	doesn't fit	doesn't fit
Sell HTX live order book, 22 min ago	5.95 bp	64.0 bp −$64	559.2 bp −$5,592	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0176% / S +0.0275%	1h	0.2519	−0.019%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.263%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2516	−0.119%	$1.0M	$953K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2517	−0.060%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2520	+0.040%	$33K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2519	+0.015%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0018%	1h	0.2517	−0.071%	$76K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2521	+0.087%	$144K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2519	0.000%	$54K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2520	+0.054%	$8.8M	$6.9M	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	0.2519	+0.006%	$30K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2517	−0.073%	$78K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2519	+0.008%	$19.3M	$149.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2517	−0.079%	$16.8M	$49.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2517	−0.079%	$5.7M	$43.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2519	0.000%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2519	0.000%	$22.6M	$12.5M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2519	long leg	$4.2M	$17.1M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2519	0.000%	$7.7M	$16.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2518	−0.040%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	−0.672%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−0.439%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	−0.238%	$45K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2520	+0.040%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2515	−0.159%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2519	0.000%	$581	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2513	−0.238%	$159K	$912K	75x
Extended WIF-USD	+0.0104%	1h	0.2517	−0.074%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2518	−0.035%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2522	+0.119%	$334K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2517	−0.085%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0804%	1h	0.2520	+0.052%	$656K	$2.7M	50x	as long as short