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 −0.014%

Price spread now: Bybit against ApeX Omni+0.597%99s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as 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−$650.646% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−1.717%−$172 · spread now +0.597%, 7d avg −0.026%

Together, before fees−1.813%−$181 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: Bybit is 0.623% dearer against ApeX Omni than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 99 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	0.2513	0.0100	pay 0.0013% / 1h	15m 48s	$45K	$641K	25x
Short	Bybit WIFUSDT	0.2528	0.0100	get 0.0050% / 4h	15m 48s	$16.9M	$49.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.597%Rate

Funding earned: $0
Price spread: +0.597% → −0.026%: $62.33
Slippage, 4 orders: −$43.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.3
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; Bybit: live order book, 3 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, 22 min ago	9.91 bp	18.5 bp −$18	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.00 bp	13.6 bp −$14	29.5 bp −$295	193.5 bp −$19.3K	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0176% / S +0.0275%	1h	0.2519	+0.220%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.029%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2516	+0.119%	$1.0M	$953K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2517	+0.179%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2520	+0.279%	$33K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2519	+0.254%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0018%	1h	0.2517	+0.167%	$76K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2521	+0.326%	$144K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2519	+0.239%	$54K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2530	+0.665%	$8.8M	$6.9M	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	0.2527	+0.564%	$30K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2517	+0.166%	$78K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2528	+0.595%	$19.4M	$149.5M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2528	+0.597%	$16.9M	$49.2M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2528	+0.597%	$5.7M	$44.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2527	+0.557%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2528	+0.597%	$22.7M	$12.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2526	+0.517%	$4.2M	$17.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2528	+0.597%	$7.7M	$16.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2527	+0.557%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	+0.164%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−0.201%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2513	long leg	$45K	$641K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2520	+0.279%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2515	+0.080%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2519	+0.239%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2513	0.000%	$159K	$912K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2526	+0.513%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2518	+0.204%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2522	+0.358%	$334K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2517	+0.153%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0804%	1h	0.2520	+0.291%	$656K	$2.7M	50x	as long as short