Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.012%

Price spread now: gTrade (Gains Network) against Orderly+0.194%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.194% dearer against Orderly than usual: you sell high and buy low (spread +0.194% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2393	0.0092	pay 0.0046% / 4h	1h 31m	$5K	$1.3M	10x
Short	gTrade (Gains Network) WIF/USD	0.2398	L +0.0002% / S −0.0002%	get 0.0000% / 1h	31m 14s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.194%Rate

Funding earned: −$19.11
Price spread: +0.194% → 0.000%: $19.39
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$15.72
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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
Backpack WIF_USDC_PERP	−0.0290%	1h	0.2395	+0.100%	$76K	$239K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0168%	1h	0.2393	0.000%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0082%	4h	0.2397	+0.167%	$4.1M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2400	+0.280%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0002%	1h	0.2398	+0.194%	$15K	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	+0.084%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDClong	+0.0092%	4h	0.2393	long leg	$5K	$1.3M	10x
Lighter WIF	+0.0096%	1h	0.2394	+0.059%	$134K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2397	+0.167%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2400	+0.276%	$7.4M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2395	+0.104%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2399	+0.261%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2394	+0.023%	$17.8M	$100.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2393	+0.004%	$16.6M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2393	0.000%	$6.0M	$30.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2396	+0.125%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2396	+0.125%	$21.4M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2394	+0.042%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2396	+0.125%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2405	+0.511%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2401	+0.319%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2400	+0.293%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2392	−0.042%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	+0.033%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	+0.042%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2393	+0.004%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2395	+0.072%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0208% / S −0.1156%	1h	0.2396	+0.127%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2396	+0.125%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2395	+0.084%	$981K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0378%	1h	0.2396	+0.120%	$627K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2395	+0.082%	$0	—	15x	as long as short