Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.118%

Price spread now: Deribit against Binance+0.103%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.691%−$69 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.103%, 7d avg +0.004%

Together, before fees−0.740%−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.100% dearer against Binance than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.004%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.691% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2462	0.0100	pay 0.0050% / 4h	2h 41m	$18.6M	$111.8M	75x
Short	Deribit WIF_USDC-PERPETUAL	0.2465	0	get 0.0000% / 1h	41m 44s	$48K	$289K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$21
Price spread: +0.103% → +0.004%: $9.95
Slippage, 4 orders: −$34.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$62.07
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Deribit: live order book, 27 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, 1 min ago	2.03 bp	13.3 bp −$13	30.5 bp −$305	122.6 bp −$12.3K	doesn't fit
Sell Deribit live order book, 27 min ago	6.07 bp	13.6 bp −$14	doesn't fit	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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	+0.306%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0100%	4h	0.2463	+0.022%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0075%	1h	0.2465	+0.101%	$642K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0008%	4h	0.2461	−0.059%	$4.6M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2462	−0.035%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUALshort	0.0000%	1h	0.2465	+0.103%	$48K	$289K	25x
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2463	+0.038%	$796	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0051%	1h	0.2464	+0.079%	$77K	$272K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2462	+0.002%	$138K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2466	+0.144%	$56K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2464	+0.063%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2466	+0.156%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2462	−0.011%	$77K	$53K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2462	long leg	$18.6M	$111.8M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2463	+0.034%	$16.9M	$38.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2463	+0.022%	$5.9M	$34.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2462	−0.019%	$22.1M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2465	+0.103%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2468	+0.225%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	+0.514%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2474	+0.463%	$274K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	+0.672%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.100%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	+0.063%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2458	−0.181%	$168K	$750K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2463	+0.018%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2465	+0.096%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0171%	1h	0.2470	+0.310%	$8.0M	$4.7M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0178% / S −0.0042%	1h	0.2464	+0.045%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2464	+0.063%	$324K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.997%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2464	+0.068%	$0	—	15x	as long as short