Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against ApeX Omni−0.287%60s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$690.694% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.287%, 7d avg +0.027%

Together, before fees+0.149%+$15 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: OKX is 0.315% cheaper against ApeX Omni than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 60 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	0.2437	0.0100	pay 0.0013% / 1h	14m 32s	$43K	$626K	25x
Short	OKX WIF-USDT-SWAP	0.2430	0.0100	get 0.0050% / 4h	14m 32s	$6.0M	$32.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.287%Rate

Funding earned: $0
Price spread: −0.287% → +0.027%: −$31.46
Slippage, 4 orders: −$49.37
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$100.83
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; OKX: live order book, 4 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	10.32 bp	22.5 bp −$22	116.4 bp −$1,164	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.06 bp	15.4 bp −$15	29.9 bp −$299	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
Backpack WIF_USDC_PERP	−0.0373%	1h	0.2430	−0.287%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0161%	1h	0.2432	−0.205%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2432	−0.219%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2434	−0.140%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0028%	4h	0.2429	−0.328%	$4.3M	$11.7M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.723%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2432	−0.205%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2432	−0.217%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2431	−0.246%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2434	−0.123%	$7.6M	$4.0M	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	0.2432	−0.211%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2431	−0.232%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2430	−0.285%	$18.2M	$104.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2429	−0.328%	$16.8M	$36.0M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2430	−0.287%	$6.0M	$32.1M	50x
Gate WIF_USDT	+0.0100%	4h	0.2431	−0.246%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2431	−0.246%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2430	−0.287%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2431	−0.246%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2436	−0.035%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2438	+0.041%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2437	long leg	$43K	$626K	25x
SunX WIF-USDT	+0.0100%	4h	0.2431	−0.246%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2432	−0.209%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2431	−0.246%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2430	−0.306%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2432	−0.205%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2433	−0.158%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2437	0.000%	$320K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2434	−0.129%	$632K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2430	−0.287%	$978K	$730K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2429	−0.342%	$0	—	15x	as long as short