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 +0.008%

Price spread now: BingX against MEXC−0.079%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.079%, 7d avg −0.080%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2536	0.0100	pay 0.0050% / 4h	41m 38s	$22.7M	$12.4M	50x
Short	BingX WIF-USDC	0.2534	0.0100	get 0.0050% / 4h	41m 38s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.080%: $0.1
Slippage, 4 orders: −$43.45
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.35
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 6 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 MEXC live order book, 2 min ago	1.97 bp	8.0 bp −$8	22.4 bp −$224	106.3 bp −$10.6K	140.6 bp −$70.3K
Sell BingX live order book, 6 min ago	2.00 bp	20.8 bp −$21	55.7 bp −$557	325.9 bp −$32.6K	539.9 bp −$270.0K

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	−0.0161%	1h	0.2462	−2.918%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2536	0.000%	$998K	$961K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0045% / S +0.0248%	1h	0.2532	−0.145%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2536	+0.019%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2532	−0.158%	$34K	$273K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2532	−0.144%	$354	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2536	+0.004%	$145K	$705K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2534	−0.079%	$54K	$575K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2535	−0.020%	$8.9M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2533	−0.104%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2535	−0.054%	$79K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2534	−0.079%	$19.2M	$147.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2532	−0.142%	$16.9M	$48.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2533	−0.118%	$5.8M	$43.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2534	−0.079%	$1.2M	$9.3M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2536	long leg	$22.7M	$12.4M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2533	−0.118%	$4.3M	$16.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2536	0.000%	$7.7M	$16.0M	50x	as long as short
BingX WIF-USDCshort	+0.0100%	4h	0.2534	−0.079%	—	$2.3M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2526	−0.386%	$74K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2532	−0.157%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2544	+0.322%	$282K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2544	+0.315%	$47K	$637K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2532	−0.158%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2526	−0.394%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2531	−0.197%	$576	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2525	−0.434%	$161K	$916K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2536	−0.007%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2532	−0.177%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2534	−0.079%	$343K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2533	−0.136%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0800%	1h	0.2533	−0.121%	$661K	$2.7M	50x	as long as short