Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.011%

Price spread now: Gate against Pacifica+0.072%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.072% dearer against Pacifica than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.062% in total) that is about 8.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WIF	0.2501	0.0100	pay 0.0013% / 1h	20m 40s	$77K	$52K	5x
Short	Gate WIF_USDT	0.2503	−0.0164	pay 0.0082% / 4h	3h 20m	$1.3M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now +0.072%Rate

Funding earned: −$55.44
Price spread: +0.072% → 0.000%: $7.2
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.24
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Gate: live order book, 3 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 Pacifica no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.99 bp	24.3 bp −$24	108.5 bp −$1,085	181.4 bp −$18.1K	doesn't fit

Pacifica: 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	−0.0247%	1h	0.2496	−0.200%	$76K	$254K	10x	as long as short
Gate WIF_USDTshort	−0.0164%	4h	0.2503	+0.072%	$1.3M	$7.2M	50x
Deribit WIF_USDC-PERPETUAL	−0.0150%	1h	0.2500	−0.048%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0050%	4h	0.2499	−0.088%	$4.5M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2502	+0.016%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2500	−0.029%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.247%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2501	−0.021%	$656K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2503	+0.060%	$143K	$588K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	−0.088%	$57K	$497K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0097%	4h	0.2500	−0.048%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2503	+0.063%	$35K	$274K	10x	as long as short
Pacifica WIFlong	+0.0100%	1h	0.2501	long leg	$77K	$52K	5x
Binance WIFUSDT	+0.0100%	4h	0.2502	+0.032%	$19.3M	$107.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2500	−0.064%	$17.2M	$37.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	−0.128%	$6.0M	$34.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2503	+0.072%	$22.6M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2503	+0.072%	$7.6M	$12.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2502	+0.032%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	−0.164%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2501	+0.001%	$282K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	+0.472%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2495	−0.248%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2499	−0.072%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2499	−0.088%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2502	+0.049%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2499	−0.088%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0176%	1h	0.2506	+0.192%	$8.0M	$4.2M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0190% / S −0.0050%	1h	0.2500	−0.030%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2502	+0.032%	$336K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2500	−0.048%	$1.0M	$709K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2498	−0.133%	$0	—	15x	as long as short