Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly−0.798%7-day average +0.011% · you buy dearer than you sell

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.719%+$72 · spread now −0.798%, 7d avg +0.011%

Together, before fees+0.792%+$79 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: ApeX Omni is 0.809% cheaper against Orderly than usual: you would sell low and buy high, −$81 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2506	0.0100	pay 0.0050% / 4h	3h 56m	$6K	$1.0M	10x
Short	ApeX Omni WIFUSDT	0.2486	0.0100	get 0.0013% / 1h	56m 33s	$34K	$652K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.798%Rate

Funding earned: $0
Price spread: −0.798% → +0.011%: −$80.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$96.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 41 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 41 min ago	9.91 bp	20.0 bp −$20	115.5 bp −$1,155	doesn't fit	doesn't fit

Orderly: 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
GMX WIF/USD [WBTC.b-USDC]	L −0.0275% / S +0.0295%	1h	0.2505	−0.047%	$20K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2508	+0.080%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2510	+0.144%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2506	0.000%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2505	−0.024%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2512	+0.255%	$147K	$805K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2510	+0.160%	$54K	$579K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2507	+0.060%	$10.0M	$8.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2511	+0.188%	$42K	$406K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2510	+0.171%	$78K	$84K	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	0.2511	+0.200%	$19.9M	$163.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2510	+0.160%	$17.2M	$54.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2512	+0.239%	$5.8M	$47.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2506	0.000%	$1.5M	$10.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2508	+0.080%	$24.3M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2508	+0.080%	$3.9M	$17.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2510	+0.160%	$7.6M	$17.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2502	−0.160%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2503	−0.104%	$74K	$323K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−3.066%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2493	−0.519%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2486	−0.798%	$34K	$652K	25x
Orderly PERP_WIF_USDClong	+0.0100%	4h	0.2506	long leg	$6K	$1.0M	10x
SunX WIF-USDT	+0.0100%	4h	0.2501	−0.200%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2505	−0.028%	$582	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2495	−0.439%	$155K	$945K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2508	+0.084%	$10K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2505	−0.054%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2509	+0.120%	$333K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2480	−1.038%	$10K	$27K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2504	−0.074%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0738%	1h	0.2506	+0.018%	$651K	$2.9M	50x	as long as short