Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: BingX against ApeX Omni−0.395%113s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.596% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.726%−$73 · spread now −0.395%, 7d avg +0.017%

Together, before fees−0.710%−$71 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: BingX is 0.412% cheaper against ApeX Omni than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2534	0.0100	pay 0.0013% / 1h	37m 37s	$46K	$636K	25x
Short	BingX WIF-USDT	0.2524	0.0100	get 0.0050% / 4h	37m 37s	—	$27.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.395%Rate

Funding earned: $0
Price spread: −0.395% → +0.017%: −$41.18
Slippage, 4 orders: −$39.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$100.76
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; BingX: live order book, 16 min ago.

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 ApeX Omni live order book, 65 min ago	10.18 bp	18.9 bp −$19	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	2.02 bp	13.5 bp −$13	21.4 bp −$214	81.1 bp −$8,111	420.8 bp −$210.4K

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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.841%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2527	−0.276%	$981K	$959K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0063% / S +0.0252%	1h	0.2522	−0.487%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2519	−0.572%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2523	−0.434%	$33K	$273K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2522	−0.460%	$352	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2523	−0.430%	$144K	$705K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2519	−0.592%	$54K	$575K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2519	−0.596%	$8.8M	$6.9M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2521	−0.498%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2522	−0.481%	$78K	$73K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2521	−0.518%	$19.1M	$147.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2524	−0.395%	$16.8M	$48.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2523	−0.434%	$5.7M	$43.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2521	−0.513%	$1.2M	$9.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2524	−0.395%	$22.6M	$12.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2519	−0.592%	$4.3M	$16.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2523	−0.434%	$7.7M	$16.1M	50x	as long as short
BingX WIF-USDTshort	+0.0100%	4h	0.2524	−0.395%	—	$27.1M	—
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2515	−0.746%	$74K	$304K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2532	−0.079%	$75K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2534	−0.001%	$281K	$2.9M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2534	long leg	$46K	$636K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2523	−0.434%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2519	−0.592%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2522	−0.474%	$576	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2520	−0.552%	$160K	$916K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2522	−0.460%	$12K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2523	−0.452%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2524	−0.395%	$339K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2524	−0.392%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0804%	1h	0.2523	−0.431%	$656K	$2.7M	50x	as long as short