Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: GRVT against MEXC+0.068%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now +0.068%, 7d avg −0.046%

Together, before fees+0.202%+ Points / potential airdropGRVT: Active · farm board+$20 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: GRVT is 0.115% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2399	0.0100	pay 0.0050% / 4h	1h 33m	$21.5M	$10.7M	50x
Short	GRVT WIF_USDT_Perp	0.2401	0.0100	get 0.0050% / 4h	1h 33m	$273K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.046%: $11.5
Slippage, 4 orders: −$51.67
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$53.17
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago	2.08 bp	7.6 bp −$8	25.6 bp −$256	93.2 bp −$9,318	147.9 bp −$73.9K
Sell GRVT live order book, 5 min ago	2.08 bp	15.4 bp −$15	79.6 bp −$796	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	−0.0282%	1h	0.2400	+0.025%	$76K	$239K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0166%	1h	0.2400	+0.042%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0090%	4h	0.2400	+0.042%	$4.2M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2402	+0.111%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2399	−0.014%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.167%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2400	+0.042%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2401	+0.063%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2400	+0.042%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2404	+0.188%	$7.5M	$4.0M	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	0.2398	−0.043%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2402	+0.119%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2399	+0.002%	$17.8M	$100.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2399	+0.008%	$16.6M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2399	0.000%	$6.0M	$31.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2399	0.000%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2399	long leg	$21.5M	$10.7M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2400	+0.042%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2398	−0.042%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2405	+0.259%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perpshort	+0.0100%	4h	0.2401	+0.068%	$273K	$1.8M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2401	+0.083%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2397	−0.083%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2399	+0.021%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2395	−0.167%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2400	+0.046%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2402	+0.123%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0206% / S −0.1141%	1h	0.2398	−0.030%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2402	+0.125%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2401	+0.083%	$971K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2403	+0.155%	$626K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2397	−0.076%	$0	—	15x	as long as short