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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bybit against Binance−0.105%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days+0.105%+$11 · spread now −0.105%, 7d avg −0.013%

Together, before fees+0.040%+$4 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 0.092% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2379	0.0100	pay 0.0050% / 4h	2h 34m	$18.5M	$138.1M	75x
Short	Bybit WIFUSDT	0.2377	0.0100	get 0.0050% / 4h	2h 34m	$16.2M	$45.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.013%: −$9.22
Slippage, 4 orders: −$28.29
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.51
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 10 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 Binance live order book, 9 min ago	2.08 bp	9.5 bp −$10	22.1 bp −$221	78.2 bp −$7,825	doesn't fit
Sell Bybit live order book, 10 min ago	2.08 bp	11.6 bp −$12	18.3 bp −$183	113.4 bp −$11.3K	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
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2385	+0.244%	$32K	$274K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2401	+0.916%	$1.0M	$896K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0008%	1h	0.2380	+0.046%	$73K	$317K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2392	+0.523%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2387	+0.308%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0093% / S +0.0032%	1h	0.2387	+0.319%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2388	+0.357%	$143K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2388	+0.370%	$51K	$569K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2384	+0.181%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2382	+0.128%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2390	+0.474%	$75K	$69K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2379	long leg	$18.5M	$138.1M	75x
Bybit WIFUSDTshort	+0.0100%	4h	0.2377	−0.105%	$16.2M	$45.8M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2375	−0.177%	$5.4M	$39.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2383	+0.160%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2383	+0.160%	$21.5M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2383	+0.160%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2377	−0.093%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2380	+0.033%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	+0.585%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.781%	$277K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2402	+0.958%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2386	+0.286%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2383	+0.160%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2386	+0.265%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2386	+0.286%	$159K	$806K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2376	−0.119%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2385	+0.244%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2387	+0.337%	$620K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2386	+0.286%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2385	+0.249%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.790%	$10K	$10K	12x	as long as short