Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Bybit against Variational Omni+0.085%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.085% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2443	0.0100	pay 0.0050% / 4h	3h 43m	$72K	$68K	—
Short	Bybit WIFUSDT	0.2445	0.0100	get 0.0050% / 4h	3h 43m	$16.9M	$36.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → 0.000%: $8.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.49
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: 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 no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.06 bp	11.4 bp −$11	24.6 bp −$246	185.5 bp −$18.5K	doesn't fit

Variational Omni: 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	−0.0465%	1h	0.2440	−0.148%	$74K	$251K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0160%	1h	0.2440	−0.128%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0020%	4h	0.2443	−0.005%	$1.2M	$7.0M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	−0.021%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2446	+0.099%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0008%	4h	0.2441	−0.087%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.970%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0040%	1h	0.2443	+0.004%	$632K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2446	+0.118%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2445	+0.061%	$146K	$580K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2443	−0.005%	$54K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2443	−0.004%	$24K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2444	+0.050%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2445	+0.086%	$18.4M	$105.3M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2445	+0.085%	$16.9M	$36.4M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2444	+0.036%	$6.0M	$32.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2445	+0.077%	$22.0M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2443	−0.005%	$7.5M	$11.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2441	−0.087%	—	$2.3M	—	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2443	long leg	$72K	$68K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.023%	$270K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2443	−0.005%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2434	−0.373%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2442	−0.066%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2440	−0.128%	$168K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2441	−0.077%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.101%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0148%	1h	0.2447	+0.146%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2446	+0.123%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2444	+0.036%	$331K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2445	+0.077%	$994K	$737K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2442	−0.061%	$0	—	15x	as long as short