Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.022%

Price spread now: dYdX against Variational Omni+0.188%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 dYdX

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.188% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread 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	0.2374	−0.0058	get 0.0029% / 4h	2h 34m	$67K	$47K	—
Short	dYdX WIF-USD	0.2379	0	get 0.0000% / 1h	34m 03s	$18K	$582	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.188%Rate

Funding earned: $12.15
Price spread: +0.188% → 0.000%: $18.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $20.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; dYdX: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Variational Omni and dYdX: 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	−0.0728%	1h	0.2374	−0.009%	$73K	$234K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0591%	1h	0.2376	+0.067%	$47K	$289K	25x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.867%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0206%	4h	0.2374	−0.018%	$4.2M	$11.1M	75x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2377	+0.119%	$625K	$2.1M	50x	as long as short
Variational Omni WIFlong	−0.0058%	4h	0.2374	long leg	$67K	$47K	—
Gate WIF_USDT	−0.0018%	4h	0.2377	+0.109%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2379	+0.188%	$18K	$582	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2378	+0.151%	$15K	—	150x	as long as short
Aster WIFUSDT	+0.0012%	4h	0.2378	+0.153%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0032%	4h	0.2375	+0.023%	$265K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2377	+0.109%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2376	+0.075%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2378	+0.151%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2379	+0.197%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2378	+0.163%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2376	+0.067%	$17.6M	$99.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2376	+0.067%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2375	+0.025%	$6.1M	$30.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2375	+0.025%	$21.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2375	+0.025%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2375	+0.025%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2379	+0.193%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2374	−0.018%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2375	+0.020%	$540	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2377	+0.109%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2374	−0.008%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2376	+0.058%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0132% / S −0.0621%	1h	0.2377	+0.125%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2381	+0.277%	$311K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2374	−0.018%	$963K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2376	+0.063%	$0	—	15x	as long as short