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 −0.021%

Price spread now: KuCoin against OKX−0.080%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.080%, 7d avg −0.007%

Together, before fees−0.030%−$3 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: KuCoin is 0.073% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2494	0.0100	pay 0.0050% / 4h	1h 11m	$5.9M	$35.3M	50x
Short	KuCoin WIFUSDTM	0.2492	0.0100	get 0.0050% / 4h	1h 11m	$4.7M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.007%: −$7.29
Slippage, 4 orders: −$45.99
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$75.28
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago	2.00 bp	12.3 bp −$12	34.6 bp −$346	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.01 bp	22.3 bp −$22	61.0 bp −$610	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	−0.0189%	4h	0.2493	−0.040%	$785K	$833K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2491	−0.140%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2487	−0.281%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2494	+0.015%	$806	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.962%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2494	−0.012%	$140K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2492	−0.080%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2493	−0.048%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2492	−0.074%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2495	+0.040%	$19.1M	$115.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2494	0.000%	$17.1M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2494	long leg	$5.9M	$35.3M	50x
Gate WIF_USDT	+0.0100%	4h	0.2493	−0.040%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2492	−0.080%	$22.4M	$11.1M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2492	−0.080%	$4.7M	$13.6M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2492	−0.080%	$7.5M	$12.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2492	−0.080%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2485	−0.381%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2503	+0.361%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2490	−0.169%	$277K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2496	+0.080%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2497	+0.120%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2483	−0.441%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2487	−0.281%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	−0.281%	$167K	$694K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2491	−0.126%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	−0.281%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2488	−0.242%	$652K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0148% / S −0.0022%	1h	0.2494	−0.004%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2487	−0.281%	$331K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0330%	1h	0.2496	+0.080%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	−0.148%	$0	—	15x	as long as short