Funding arb · Price arb /

WIF

all WIF markets

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: MEXC against OKX+0.082%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on OKX Short on MEXC

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−0.118%−$12 · spread now +0.082%, 7d avg −0.023%

Together, before fees−0.161%−$16 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: MEXC is 0.105% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2445	0.0100	pay 0.0050% / 4h	43m 18s	$5.9M	$35.1M	50x
Short	MEXC WIF_USDT	0.2447	0.0100	get 0.0050% / 4h	43m 18s	$22.1M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.023%: $10.46
Slippage, 4 orders: −$32.04
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.58
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: 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 OKX live order book, 5 min ago	2.02 bp	12.0 bp −$12	36.1 bp −$361	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.02 bp	7.6 bp −$8	26.2 bp −$262	107.1 bp −$10.7K	147.2 bp −$73.6K

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	−0.0254%	1h	0.2470	+1.006%	$81K	$280K	10x	as long as short
BloFin WIF-USDT	−0.0185%	4h	0.2443	−0.082%	$1.0M	$812K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	+0.063%	$18K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2446	+0.056%	$791	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+1.022%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2445	−0.008%	$137K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	+0.041%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2446	+0.026%	$34K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	+0.135%	$76K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2446	+0.057%	$18.9M	$117.5M	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	0.2444	−0.057%	$16.8M	$39.3M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2445	long leg	$5.9M	$35.1M	50x
Gate WIF_USDT	+0.0100%	4h	0.2445	0.000%	$1.2M	$7.7M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2447	+0.082%	$22.1M	$11.1M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2446	+0.041%	$4.3M	$14.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2443	−0.082%	$7.5M	$13.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2447	+0.082%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	+1.065%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2451	+0.245%	$277K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2477	+1.309%	$45K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2445	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2439	−0.245%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2444	−0.061%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2443	−0.082%	$164K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2442	−0.108%	$8K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2442	−0.120%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0139% / S −0.0016%	1h	0.2446	+0.026%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0159%	1h	0.2444	−0.041%	$44K	$260K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0265%	1h	0.2443	−0.078%	$638K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2447	+0.082%	$330K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0391%	1h	0.2449	+0.168%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2447	+0.075%	$0	—	15x	as long as short