Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against OKX−0.108%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.108% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2425	0.0100	pay 0.0050% / 4h	2h 14m	$5.5M	$40.3M	50x
Short	gTrade (Gains Network) WIF/USD	0.2422	L +0.0002% / S −0.0001%	get 0.0000% / 1h	14m 19s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.108%Rate

Funding earned: −$20.8
Price spread: −0.108% → 0.000%: −$10.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$51.56
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 4 min ago	2.07 bp	12.3 bp −$12	31.0 bp −$310	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0142%	4h	0.2421	−0.165%	$749K	$910K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2419	−0.267%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2422	−0.108%	—	—	150x
Backpack WIF_USDC_PERP	+0.0029%	1h	0.2419	−0.268%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0085% / S +0.0032%	1h	0.2423	−0.080%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2422	−0.124%	$146K	$672K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2421	−0.165%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2423	−0.091%	$8.4M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2422	−0.121%	$30K	$339K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2419	−0.242%	$76K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2423	−0.082%	$18.7M	$140.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2422	−0.132%	$16.4M	$46.5M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2425	long leg	$5.5M	$40.3M	50x
Gate WIF_USDT	+0.0100%	4h	0.2422	−0.124%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2421	−0.165%	$21.9M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2420	−0.206%	$4.0M	$16.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2427	+0.082%	$7.3M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2420	−0.206%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2416	−0.367%	$72K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2413	−0.495%	$269K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2425	0.000%	$44K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2426	+0.041%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2423	−0.082%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2427	+0.074%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2418	−0.289%	$147K	$859K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2426	+0.035%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2427	+0.067%	$81K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0162%	1h	0.2427	+0.082%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0246%	1h	0.2428	+0.144%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2427	+0.082%	$323K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2420	−0.222%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.990%	$10K	$10K	12x	as long as short