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 +0.044%

Price spread now: MEXC against Variational Omni+0.543%7-day average +0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.715%−$71 · spread now +0.543%, 7d avg +0.020%

Together, before fees−0.658%+ Points / potential airdropVariational Omni: Active · farm board−$66 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: MEXC is 0.522% dearer against Variational Omni than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2376	0.0100	pay 0.0050% / 4h	2h 23m	$87K	$174K	—
Short	MEXC WIF_USDT	0.2389	0.0100	get 0.0050% / 4h	2h 23m	$21.5M	$12.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.543%Rate

Funding earned: $0
Price spread: +0.543% → +0.020%: $52.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $48.22
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; MEXC: 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, 11 min ago	8.39 bp	doesn't fit	33.5 bp −$335	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.10 bp	9.3 bp −$9	32.0 bp −$320	104.2 bp −$10.4K	147.2 bp −$73.6K

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
BloFin WIF-USDT	−0.0142%	4h	0.2386	+0.416%	$976K	$899K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2386	+0.416%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2391	+0.642%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0014%	1h	0.2384	+0.353%	$73K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0089% / S +0.0030%	1h	0.2391	+0.635%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2390	+0.597%	$145K	$670K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2387	+0.458%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2389	+0.534%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2391	+0.609%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2387	+0.441%	$75K	$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	0.2391	+0.609%	$18.5M	$139.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2390	+0.593%	$16.2M	$46.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2390	+0.585%	$5.4M	$39.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2388	+0.500%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2389	+0.543%	$21.5M	$12.0M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2386	+0.416%	$3.9M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2391	+0.627%	$7.3M	$15.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2378	+0.080%	—	$2.3M	—	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2376	long leg	$87K	$174K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2378	+0.088%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2377	+0.038%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2391	+0.627%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2387	+0.458%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2392	+0.648%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2380	+0.164%	$154K	$829K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2389	+0.557%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2392	+0.650%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0168%	1h	0.2392	+0.669%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2392	+0.685%	$633K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2393	+0.711%	$319K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2387	+0.442%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.921%	$10K	$10K	12x	as long as short