Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.052%

Price spread now: Bitget against Variational Omni+0.561%7-day average +0.083% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.573%−$57 · spread now +0.561%, 7d avg +0.083%

Together, before fees−0.504%+ Points / potential airdropVariational Omni: Active · farm board−$50 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: Bitget is 0.478% dearer against Variational Omni than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2490	0.0100	pay 0.0050% / 4h	1h 08m	$73K	$193K	—
Short	Bitget WIFUSDT	0.2504	0.0100	get 0.0050% / 4h	1h 08m	$7.6M	$15.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.561%Rate

Funding earned: $0
Price spread: +0.561% → +0.083%: $47.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $35.79
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Bitget: live order book, 5 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 Variational Omni RFQ quote, 21 min ago	8.15 bp	doesn't fit	32.6 bp −$326	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.02 bp	13.3 bp −$13	18.7 bp −$187	78.7 bp −$7,867	doesn't fit

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	0.2462	−1.126%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2504	+0.561%	$984K	$947K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2505	+0.583%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2500	+0.400%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0011%	1h	0.2501	+0.448%	$75K	$297K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0021% / S +0.0190%	1h	0.2500	+0.400%	$16K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2506	+0.637%	$144K	$703K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2504	+0.561%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2506	+0.625%	$8.7M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2504	+0.567%	$30K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2505	+0.603%	$79K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2504	+0.567%	$19.1M	$144.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2503	+0.533%	$16.9M	$47.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2503	+0.521%	$5.6M	$42.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2504	+0.561%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2504	+0.561%	$22.6M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2503	+0.521%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2504	+0.561%	$7.6M	$15.8M	50x
BingX WIF-USDT	+0.0100%	4h	0.2505	+0.601%	—	$27.1M	—	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2490	long leg	$73K	$193K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2491	+0.039%	$276K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2492	+0.079%	$46K	$634K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2503	+0.521%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2500	+0.400%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2503	+0.504%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2498	+0.320%	$149K	$941K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2503	+0.533%	$14K	$169K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2502	+0.482%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0150%	1h	0.2504	+0.561%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0341%	1h	0.2504	+0.553%	$649K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2504	+0.561%	$331K	$3.3M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2504	+0.544%	$1	—	15x	as long as short