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: Binance against OKX−0.247%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.210%+$21 · spread now −0.247%, 7d avg −0.020%

Together, before fees+0.168%+$17 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: Binance is 0.227% cheaper against OKX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2488	0.0100	pay 0.0050% / 4h	0m 42s	$5.8M	$46.7M	50x
Short	Binance WIFUSDT	0.2482	0.0100	get 0.0050% / 4h	0m 42s	$19.6M	$161.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.247%Rate

Funding earned: $0
Price spread: −0.247% → −0.020%: −$22.73
Slippage, 4 orders: −$39.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.5
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 12 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 OKX live order book, 3 min ago	2.00 bp	22.5 bp −$22	46.2 bp −$462	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.00 bp	13.2 bp −$13	19.1 bp −$191	126.3 bp −$12.6K	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0254% / S +0.0291%	1h	0.2445	−1.738%	$19K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0162%	1h	0.2426	−2.492%	$32K	$274K	25x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2526	+1.527%	$18K	$15K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2433	−2.211%	$993K	$989K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0057%	1h	0.2433	−2.203%	$71K	$320K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2487	−0.053%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2442	−1.867%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	−0.543%	$146K	$794K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2472	−0.643%	$52K	$577K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2470	−0.711%	$9.8M	$8.7M	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	0.2479	−0.357%	$33K	$402K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2479	−0.350%	$78K	$77K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2482	−0.247%	$19.6M	$161.3M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2482	−0.241%	$16.8M	$53.7M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2488	long leg	$5.8M	$46.7M	50x
Gate WIF_USDT	+0.0100%	4h	0.2464	−0.965%	$1.4M	$10.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2486	−0.080%	$24.4M	$15.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2449	−1.568%	$3.9M	$17.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2466	−0.884%	$7.4M	$17.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2467	−0.844%	—	$27.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−2.364%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2485	−0.138%	$276K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	+0.040%	$35K	$648K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2426	−2.492%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2426	−2.492%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2429	−2.363%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2427	−2.452%	$151K	$947K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2448	−1.611%	$9K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2425	−2.525%	$81K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2431	−2.291%	$323K	$3.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2432	−2.244%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0834%	1h	0.2430	−2.332%	$632K	$2.9M	50x	as long as short