Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.022%

Price spread now: gTrade (Gains Network) against Binance+0.036%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.036% dearer against Binance than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2445	0.0100	pay 0.0050% / 4h	2h 05m	$18.5M	$141.3M	75x
Short	gTrade (Gains Network) WIF/USD	0.2446	L +0.0002% / S −0.0001%	get 0.0000% / 1h	5m 43s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.036%Rate

Funding earned: −$20.8
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 7 min ago	2.05 bp	12.5 bp −$12	24.5 bp −$245	93.7 bp −$9,365	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin WIF-USDT	−0.0140%	4h	0.2451	+0.225%	$961K	$924K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2445	−0.020%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2446	+0.021%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2446	+0.036%	—	—	150x
Backpack WIF_USDC_PERP	+0.0039%	1h	0.2447	+0.062%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0081% / S +0.0250%	1h	0.2446	+0.020%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2447	+0.066%	$142K	$679K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2444	−0.061%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2447	+0.050%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2445	0.000%	$29K	$340K	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	0.2445	−0.006%	$77K	$69K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2445	long leg	$18.5M	$141.3M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2444	−0.057%	$16.5M	$46.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2444	−0.061%	$5.5M	$40.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2445	−0.020%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2445	−0.020%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2445	−0.020%	$4.1M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2444	−0.061%	$7.4M	$15.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2445	−0.020%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	−0.037%	$73K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2452	+0.281%	$280K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	+0.062%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2447	+0.062%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2442	−0.143%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2446	+0.025%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2443	−0.102%	$149K	$866K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2443	−0.110%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.025%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0244%	1h	0.2448	+0.117%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2450	+0.184%	$328K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	−0.006%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.819%	$10K	$10K	12x	as long as short