Settings8H · net · $10k
Funding arb · Price arb /

WIF

all WIF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.018%
Price spread now: BingX against Orderly0.000%7-day average −0.047% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 3 days (all we have)−0.206%−$21 · spread now 0.000%, 7d avg −0.047%
Together, before fees−0.116%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.047% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_WIF_USDC0.24220.0090pay 0.0045% / 4h1h 11m$5K$1.3M10x
ShortBingX WIF-USDC0.24220.0100get 0.0050% / 4h1h 11m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$2.02
Price spread: 0.000% → −0.047%
$4.75
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$9.23
Costs to cover
0.160%
Break-even
38.9 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell BingX live order book, 2 min ago2.06 bp22.4 bp −$2269.8 bp −$698342.5 bp −$34.3K572.2 bp −$286.1K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0283%1h0.2418−0.178%$74K$246K10xas long as short
Deribit WIF_USDC-PERPETUAL−0.0163%1h0.2421−0.041%$48K$289K25xas long as short
KuCoin WIFUSDTM−0.0034%4h0.2418−0.165%$4.1M$11.2M75xas long as short
dYdX WIF-USD0.0000%1h0.2424+0.069%$18K$58210xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0002%1h0.2423+0.022%$15K150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2395−1.115%$10K$10K12xas long as short
Orderly PERP_WIF_USDClong+0.0090%4h0.2422long leg$5K$1.3M10x
Lighter WIF+0.0096%1h0.2421−0.037%$135K$550K10xas long as short
Popdex WIFUSDT+0.0096%1h0.24220.000%$54K$483K20xas long as short
Hyperliquid WIF+0.0100%1h0.2423+0.026%$7.5M$4.0M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WIFUSDT+0.0100%4h0.2420−0.071%$25K$255K10xas long as short
Pacifica WIF+0.0100%1h0.2423+0.026%$76K$49K5xas long as short
Binance WIFUSDT+0.0100%4h0.2420−0.083%$18.0M$101.1M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2419−0.124%$16.8M$35.2M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2419−0.124%$6.1M$31.3M50xas long as short
Gate WIF_USDT+0.0100%4h0.2420−0.083%$1.2M$7.0M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2420−0.083%$22.0M$10.7M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2421−0.041%$7.5M$11.7M50xas long as short
BingX WIF-USDCshort+0.0100%4h0.24220.000%$2.3M
Variational Omni WIF+0.0100%4h0.2420−0.074%$71K$68Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2429+0.289%$277K$1.8M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2429+0.289%$43K$618K25xas long as short
SunX WIF-USDT+0.0100%4h0.2419−0.124%$1K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2421−0.058%$551$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2419−0.124%$168K$719K75xas long as short
Extended WIF-USD+0.0104%1h0.2420−0.103%$10K$153K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2421−0.042%$81K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0233% / S −0.1328%1h0.2423+0.026%$4K100xas long as short
Coinbase International WIF-PERP-INTX+0.0264%1h0.2426+0.165%$319K$2.3M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2420−0.083%$974K$713K75xas long as short
Kraken Futures PF_WIFUSD+0.0373%1h0.2422+0.020%$633K$2.1M50xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2421−0.034%$015xas long as short