Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Bitget against ApeX Omni+0.282%103s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$690.687% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−1.353%−$135 · spread now +0.282%, 7d avg +0.047%

Together, before fees−1.338%−$134 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: Bitget is 0.236% dearer against ApeX Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 103 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	0.2479	0.0100	pay 0.0013% / 1h	43m 47s	$43K	$631K	25x
Short	Bitget WIFUSDT	0.2486	0.0100	get 0.0050% / 4h	2h 43m	$7.5M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.282%Rate

Funding earned: $0
Price spread: +0.282% → +0.047%: $23.57
Slippage, 4 orders: −$46.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.18
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 min ago; Bitget: live order book, 5 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, 24 min ago	10.11 bp	19.6 bp −$20	111.2 bp −$1,112	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.02 bp	18.5 bp −$19	28.3 bp −$283	94.5 bp −$9,448	doesn't fit

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	−0.0783%	1h	0.2470	−0.363%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0128%	4h	0.2484	+0.202%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2481	+0.086%	$647K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0020%	4h	0.2481	+0.081%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.218%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2478	−0.024%	$800	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0066%	1h	0.2481	+0.065%	$77K	$269K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2482	+0.141%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	−0.121%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2478	−0.040%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2482	+0.113%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2474	−0.209%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2486	+0.282%	$18.8M	$111.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2485	+0.234%	$17.0M	$38.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2487	+0.323%	$6.0M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2485	+0.242%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2486	+0.282%	$7.5M	$12.4M	50x
BingX WIF-USDT	+0.0100%	4h	0.2484	+0.202%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.157%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2486	+0.299%	$284K	$1.9M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2479	long leg	$43K	$631K	25x
SunX WIF-USDT	+0.0100%	4h	0.2473	−0.242%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	+0.061%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2483	+0.161%	$170K	$750K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2485	+0.257%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	+0.026%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2480	+0.040%	$49K	$289K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0178% / S −0.0042%	1h	0.2476	−0.123%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0190%	1h	0.2489	+0.399%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2481	+0.081%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.323%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.136%	$0	—	15x	as long as short