Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.029%

Price spread now: BloFin against ApeX Omni+0.327%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.327%, 7d avg 0.000%

Together, before fees+0.215%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.326% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.327% now, against its 7-day average of 0.000%): +$33 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.382%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2449	0.0100	pay 0.0013% / 1h	44m 26s	$45K	$630K	25x
Short	BloFin WIF-USDT	0.2457	−0.0140	pay 0.0070% / 4h	1h 44m	$979K	$927K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.327%Rate

Funding earned: −$50.4
Price spread: +0.327% → 0.000%: $32.62
Slippage, 4 orders: −$54.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$94.74
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; BloFin: live order book, 43 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, 63 min ago	10.20 bp	21.0 bp −$21	114.7 bp −$1,147	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	6.31 bp	17.2 bp −$17	27.0 bp −$270	64.2 bp −$6,423	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	−0.0467%	1h	0.2454	+0.204%	$10K	$10K	12x	as long as short
BloFin WIF-USDTshort	−0.0140%	4h	0.2457	+0.327%	$979K	$927K	75x
Backpack WIF_USDC_PERP	−0.0017%	1h	0.2457	+0.331%	$72K	$294K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2456	+0.266%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2455	+0.245%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2460	+0.429%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0057% / S +0.0251%	1h	0.2458	+0.384%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2457	+0.339%	$142K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2461	+0.490%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2462	+0.519%	$8.5M	$6.4M	5x	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	0.2459	+0.415%	$31K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2459	+0.423%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2460	+0.431%	$18.7M	$143.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2457	+0.323%	$16.6M	$47.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2455	+0.245%	$5.5M	$41.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2460	+0.449%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2459	+0.408%	$22.3M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2459	+0.408%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2458	+0.367%	$7.4M	$15.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2457	+0.327%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	−0.324%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−0.122%	$272K	$2.8M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2449	long leg	$45K	$630K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2456	+0.286%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2456	+0.286%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2458	+0.367%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2454	+0.204%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2454	+0.213%	$10K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2455	+0.245%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0348%	1h	0.2456	+0.286%	$637K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2459	+0.408%	$329K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2458	+0.372%	$0	—	15x	as long as short