Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: HTX against MEXC+0.201%7-day average +0.536% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1141.135% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.473%+$47 · spread now +0.201%, 7d avg +0.536%

Together, before fees+0.700%+$70 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 0.336% cheaper against MEXC than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.536%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2493	0.0100	pay 0.0050% / 4h	1h 10m	$22.4M	$11.1M	50x
Short	HTX WIF-USDT	0.2498	0.0100	get 0.0050% / 4h	1h 10m	$167K	$694K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.536%: −$33.56
Slippage, 4 orders: −$97.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$147.09
Costs to cover: 1.135%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; HTX: live order book, 53 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, 3 min ago	2.00 bp	9.6 bp −$10	22.2 bp −$222	97.3 bp −$9,728	143.5 bp −$71.8K
Sell HTX live order book, 53 min ago	2.02 bp	54.9 bp −$55	165.1 bp −$1,651	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
BloFin WIF-USDT	−0.0187%	4h	0.2492	−0.040%	$784K	$834K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2494	+0.020%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2494	+0.055%	$806	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.923%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	+0.140%	$140K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2492	−0.040%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2497	+0.180%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2495	+0.069%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2495	+0.080%	$19.1M	$115.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2493	−0.012%	$17.1M	$38.6M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2491	−0.080%	$6.0M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2496	+0.120%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2493	long leg	$22.4M	$11.1M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2492	−0.040%	$4.7M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2493	0.000%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2496	+0.120%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2496	+0.108%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2489	−0.160%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2490	−0.129%	$277K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2496	+0.120%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2497	+0.160%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2489	−0.160%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2497	+0.160%	$573	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2498	+0.201%	$167K	$694K	75x
Extended WIF-USD	+0.0104%	1h	0.2495	+0.085%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2498	+0.200%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2499	+0.223%	$655K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0148% / S −0.0022%	1h	0.2494	+0.037%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0150%	1h	0.2498	+0.201%	$47K	$258K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2493	0.000%	$331K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0331%	1h	0.2499	+0.253%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	−0.108%	$0	—	15x	as long as short