Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.046%

Price spread now: Extended against Variational Omni−0.387%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.387% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.387% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 6.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2373	−0.0104	get 0.0052% / 4h	2h 52m	$67K	$51K	—
Short	Extended WIF-USD	0.2364	0.0104	get 0.0013% / 1h	52m 25s	$9K	$152K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.387%Rate

Funding earned: $43.77
Price spread: −0.387% → 0.000%: −$38.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.03
Costs to cover: 0.050%
Break-even: 7.0 days

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 33 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 Extended live order book, 33 min ago	10.53 bp	23.1 bp −$23	103.8 bp −$1,038	doesn't fit	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	−0.0832%	1h	0.2364	−0.396%	$71K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.906%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0194%	4h	0.2366	−0.315%	$4.6M	$11.0M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2367	−0.273%	$46K	$289K	25x	as long as short
Gate WIF_USDT	−0.0120%	4h	0.2366	−0.315%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIFlong	−0.0104%	4h	0.2373	long leg	$67K	$51K	—
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2368	−0.243%	$617K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0062%	4h	0.2371	−0.097%	$272K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0029%	4h	0.2364	−0.406%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2366	−0.315%	$18K	$582	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2370	−0.154%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2369	−0.189%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2365	−0.341%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2365	−0.358%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2370	−0.147%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2365	−0.361%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2368	−0.244%	$17.5M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2369	−0.189%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2370	−0.147%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2368	−0.231%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2366	−0.315%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2369	−0.189%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2373	−0.021%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2363	−0.442%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2364	−0.379%	$534	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2368	−0.231%	$165K	$717K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2364	−0.387%	$9K	$152K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2369	−0.210%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0110% / S −0.0469%	1h	0.2370	−0.135%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2369	−0.189%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2364	−0.400%	$974K	$687K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2368	−0.250%	$0	—	15x	as long as short