Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: HTX against ApeX Omni0.000%7-day average +0.479% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 4 days (all we have)+0.432%+$43 · spread now 0.000%, 7d avg +0.479%

Together, before fees+0.628%+$63 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: HTX is 0.479% cheaper against ApeX Omni than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.479%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2501	0.0100	pay 0.0013% / 1h	36m 32s	$35K	$653K	25x
Short	HTX WIF-USDT	0.2501	0.0100	get 0.0050% / 4h	3h 36m	$154K	$943K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.479%: −$47.9
Slippage, 4 orders: −$113.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$183.27
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; HTX: live order book, 62 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, 61 min ago	9.91 bp	18.5 bp −$18	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	5.95 bp	64.0 bp −$64	559.2 bp −$5,592	doesn't fit	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
Gate WIF_USDT	−0.0398%	4h	0.2499	−0.080%	$1.3M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0380% / S +0.0316%	1h	0.2502	+0.035%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2504	+0.120%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2498	−0.137%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2503	+0.080%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2502	+0.058%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2502	+0.040%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2501	−0.012%	$145K	$826K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2495	−0.240%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2500	−0.044%	$10.0M	$9.1M	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	0.2498	−0.115%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2499	−0.074%	$77K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2497	−0.159%	$19.7M	$165.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2495	−0.232%	$17.4M	$55.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2492	−0.360%	$5.8M	$48.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2498	−0.120%	$24.3M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2498	−0.120%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2493	−0.320%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2496	−0.200%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2502	+0.040%	$85K	$334K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2493	−0.316%	$76K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2491	−0.397%	$276K	$3.0M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2501	long leg	$35K	$653K	25x
SunX WIF-USDT	+0.0100%	4h	0.2499	−0.080%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2502	+0.060%	$579	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2501	0.000%	$154K	$943K	75x
Extended WIF-USD	+0.0104%	1h	0.2494	−0.266%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2502	+0.024%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2508	+0.280%	$342K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.320%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2503	+0.074%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0739%	1h	0.2504	+0.126%	$643K	$3.0M	50x	as long as short