Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.028%

Price spread now: BloFin against SoDEX−0.325%56s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on BloFin

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.325% cheaper against SoDEX than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WIF-USD	0.2464	0.0100	pay 0.0013% / 1h	58m 03s	$567	$5K	5x
Short	BloFin WIF-USDT	0.2456	−0.0140	pay 0.0070% / 4h	1h 58m	$976K	$927K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.325%Rate

Funding earned: −$50.4
Price spread: −0.325% → 0.000%: −$32.47
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$102.87
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 29 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 29 min ago	6.31 bp	17.2 bp −$17	27.0 bp −$270	64.2 bp −$6,423	doesn't fit

SoDEX: 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2401	−2.557%	$10K	$10K	12x	as long as short
BloFin WIF-USDTshort	−0.0140%	4h	0.2456	−0.325%	$976K	$927K	75x
dYdX WIF-USD	0.0000%	1h	0.2469	+0.183%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2463	−0.031%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0072% / S +0.0252%	1h	0.2464	−0.013%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2466	+0.077%	$143K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2468	+0.162%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2467	+0.138%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2465	+0.028%	$28K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2469	+0.185%	$78K	$69K	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	0.2464	+0.020%	$18.6M	$141.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2464	0.000%	$16.6M	$46.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2464	0.000%	$5.5M	$41.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2464	0.000%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2464	0.000%	$22.5M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2463	−0.041%	$4.2M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2465	+0.041%	$7.5M	$15.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2465	+0.041%	—	$27.2M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2463	−0.024%	$73K	$294K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	−0.647%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−0.607%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	−0.609%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2467	+0.122%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.162%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USDlong	+0.0100%	1h	0.2464	long leg	$567	$5K	5x
HTX WIF-USDT	+0.0100%	4h	0.2462	−0.081%	$150K	$881K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2463	−0.029%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2466	+0.081%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0156%	1h	0.2465	+0.041%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0346%	1h	0.2465	+0.057%	$637K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2467	+0.122%	$360K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2465	+0.044%	$0	—	15x	as long as short