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 +0.009%

Price spread now: Orderly against KuCoin−0.123%7-day average −0.014% · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.265%+$27 · spread now −0.123%, 7d avg −0.014%

Together, before fees+0.329%+$33 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: Orderly is 0.108% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.014%.

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	2h 12m	$4.0M	$16.1M	75x
Short	Orderly PERP_WIF_USDC	0.2437	0.0100	get 0.0050% / 4h	2h 12m	$5K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.014%: −$10.85
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Orderly: 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, 6 min ago	2.07 bp	22.9 bp −$23	65.3 bp −$653	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
BloFin WIF-USDT	−0.0140%	4h	0.2441	+0.041%	$971K	$918K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2436	−0.181%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2437	−0.107%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0038%	1h	0.2439	−0.037%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0085% / S +0.0033%	1h	0.2438	−0.084%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2439	−0.033%	$142K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2442	+0.082%	$52K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2443	+0.135%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2441	+0.046%	$30K	$339K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2437	−0.140%	$77K	$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	0.2441	+0.046%	$18.6M	$140.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	+0.004%	$16.5M	$46.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2439	−0.041%	$5.5M	$40.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2441	+0.041%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2440	0.000%	$22.0M	$12.1M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2440	long leg	$4.0M	$16.1M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2440	0.000%	$7.4M	$15.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2440	0.000%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2416	−0.979%	$72K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2418	−0.902%	$276K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2418	−0.902%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2437	−0.123%	$5K	$1.1M	10x
SunX WIF-USDT	+0.0100%	4h	0.2433	−0.287%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2437	−0.127%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2442	+0.082%	$148K	$859K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2440	−0.008%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2437	−0.113%	$81K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0160%	1h	0.2438	−0.082%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0245%	1h	0.2439	−0.045%	$632K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2445	+0.205%	$325K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2437	−0.119%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.598%	$10K	$10K	12x	as long as short