Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against MEXC+0.093%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.478%−$48 · spread now +0.093%, 7d avg −0.016%

Together, before fees−0.472%+ Points / potential airdropExtended: Active · farm board−$47 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: Extended is 0.109% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2382	0.0100	pay 0.0050% / 4h	2h 26m	$21.3M	$10.8M	50x
Short	Extended WIF-USD	0.2384	0.0104	get 0.0013% / 1h	26m 16s	$10K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0.84
Price spread: +0.093% → −0.016%: $10.93
Slippage, 4 orders: −$54.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.24
Costs to cover: 0.630%
Break-even: 434.0 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 59 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	2.11 bp	7.4 bp −$7	18.6 bp −$186	83.7 bp −$8,370	144.7 bp −$72.4K
Sell Extended live order book, 59 min ago	10.53 bp	23.1 bp −$23	103.8 bp −$1,038	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
Backpack WIF_USDC_PERP	−0.0694%	1h	0.2374	−0.344%	$73K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.546%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0196%	4h	0.2381	−0.042%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2385	+0.126%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2386	+0.176%	$630K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0043%	4h	0.2365	−0.697%	$67K	$47K	—	as long as short
dYdX WIF-USD	0.0000%	1h	0.2383	+0.038%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2385	+0.115%	$15K	—	150x	as long as short
GRVT WIF_USDT_Perp	+0.0014%	4h	0.2363	−0.815%	$263K	$1.8M	10x	as long as short
Aster WIFUSDT	+0.0018%	4h	0.2382	+0.014%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0030%	4h	0.2382	0.000%	$1.2M	$6.9M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2385	+0.126%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2385	+0.126%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2382	0.000%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2386	+0.160%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2382	−0.011%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2383	+0.052%	$17.6M	$99.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2384	+0.105%	$16.7M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2385	+0.126%	$6.0M	$30.3M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2382	long leg	$21.3M	$10.8M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2385	+0.126%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2376	−0.252%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2367	−0.630%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2377	−0.210%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2384	+0.105%	$543	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2384	+0.084%	$165K	$719K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2384	+0.093%	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2384	+0.084%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0142% / S −0.0689%	1h	0.2385	+0.107%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2388	+0.252%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2370	−0.504%	$970K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2383	+0.028%	$0	—	15x	as long as short