Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.012%

Price spread now: Orderly against Aevo+0.035%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.035% dearer against Aevo than usual: you sell high and buy low, +$3 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	Aevo WIF-PERP	0.2472	0.0104	pay 0.0013% / 1h	5m 34s	$82K	$85	3x
Short	Orderly PERP_WIF_USDC	0.2473	0.0100	get 0.0050% / 4h	1h 05m	$5K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aevo. 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 AevobpFee OrderlybpOrdersPrice spread, now +0.035%Rate

Funding earned: −$0.84
Price spread: +0.035% → 0.000%: $3.48
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.36
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Orderly: 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 Aevo no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aevo and Orderly: 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
BloFin WIF-USDT	−0.0183%	4h	0.2484	+0.480%	$1.0M	$835K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2471	−0.066%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2472	−0.006%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2472	+0.008%	$799	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.087%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2472	−0.010%	$139K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2478	+0.237%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2470	−0.083%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2471	−0.028%	$76K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2477	+0.211%	$19.0M	$115.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2476	+0.156%	$17.0M	$38.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2477	+0.197%	$5.9M	$35.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2474	+0.075%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2474	+0.075%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2474	+0.075%	$4.6M	$13.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2477	+0.197%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2477	+0.197%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2470	−0.091%	$84K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.086%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2485	+0.515%	$277K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	+0.682%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2473	+0.035%	$5K	$1.3M	10x
SunX WIF-USDT	+0.0100%	4h	0.2467	−0.208%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2472	+0.015%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2469	−0.127%	$165K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2475	+0.110%	$9K	$150K	25x	as long as short
Aevo WIF-PERPlong	+0.0104%	1h	0.2472	long leg	$82K	$85	3x
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2475	+0.110%	$648K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0147% / S −0.0021%	1h	0.2472	+0.009%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0307%	1h	0.2475	+0.129%	$8.0M	$4.8M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2480	+0.318%	$332K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	+0.159%	$0	—	15x	as long as short