Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.044%

Price spread now: Coinbase International against Binance+0.368%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.368%, 7d avg +0.162%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.206% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2485	0.0100	pay 0.0050% / 4h	3h 28m	$19.1M	$107.2M	75x
Short	Coinbase International WIF-PERP-INTX	0.2494	0.0288	get 0.0036% / 1h	28m 45s	$335K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.368%Rate

Funding earned: $39.48
Price spread: +0.368% → +0.162%: $20.57
Slippage, 4 orders: −$31.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $8.75
Costs to cover: 0.513%
Break-even: 5.4 days

Slippage from Binance: live order book, 14 min ago; Coinbase International: live order book, 5 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, 14 min ago	2.04 bp	11.5 bp −$11	25.4 bp −$254	102.3 bp −$10.2K	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.01 bp	16.9 bp −$17	30.3 bp −$303	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	−0.0312%	1h	0.2486	+0.042%	$76K	$254K	10x	as long as short
Gate WIF_USDT	−0.0200%	4h	0.2481	−0.155%	$1.2M	$7.1M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0151%	1h	0.2491	+0.247%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0030%	4h	0.2481	−0.155%	$4.4M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2483	−0.091%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2492	+0.267%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.598%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2491	+0.241%	$654K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0096%	4h	0.2490	+0.207%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2484	−0.022%	$142K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2495	+0.408%	$56K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2486	+0.035%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2483	−0.067%	$77K	$52K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2485	long leg	$19.1M	$107.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2482	−0.111%	$17.2M	$36.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2482	−0.115%	$6.0M	$33.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	−0.035%	$22.5M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2483	−0.075%	$7.6M	$12.1M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2481	−0.155%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	+0.091%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2492	+0.287%	$281K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2490	+0.207%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	+0.207%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2489	+0.183%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2489	+0.167%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2482	−0.116%	$11K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2490	+0.211%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0177%	1h	0.2487	+0.106%	$7.9M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2491	+0.262%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0288%	1h	0.2494	+0.368%	$335K	$2.5M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2494	+0.368%	$1.0M	$746K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2494	+0.353%	$0	—	15x	as long as short