Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: KuCoin against Binance−0.033%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.033%, 7d avg +0.012%

Together, before fees+0.011%+$1 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: KuCoin is 0.045% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2506	0.0100	pay 0.0050% / 4h	12m 06s	$19.0M	$119.2M	75x
Short	KuCoin WIFUSDTM	0.2505	0.0100	get 0.0050% / 4h	12m 06s	$4.5M	$14.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.012%: −$4.49
Slippage, 4 orders: −$45.6
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$72.09
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 7 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	2.00 bp	10.0 bp −$10	21.2 bp −$212	83.7 bp −$8,373	doesn't fit
Sell KuCoin live order book, 7 min ago	4.03 bp	18.2 bp −$18	52.9 bp −$529	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
BloFin WIF-USDT	−0.0185%	4h	0.2498	−0.312%	$1.0M	$834K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0047%	1h	0.2505	−0.049%	$77K	$295K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2501	−0.211%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2505	−0.019%	$810	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.430%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2507	+0.059%	$139K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2502	−0.153%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2505	−0.041%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2501	−0.177%	$78K	$60K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2506	long leg	$19.0M	$119.2M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2505	−0.033%	$17.1M	$40.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2506	+0.007%	$6.0M	$36.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2504	−0.073%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2505	−0.033%	$23.1M	$11.4M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2505	−0.033%	$4.5M	$14.5M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2506	+0.007%	$7.6M	$13.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2500	−0.232%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2494	−0.469%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2491	−0.591%	$278K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	−0.671%	$46K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2506	+0.007%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2502	−0.153%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2505	−0.013%	$583	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2499	−0.272%	$166K	$701K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2506	0.000%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2506	+0.009%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0130% / S −0.0010%	1h	0.2506	+0.005%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0149%	1h	0.2507	+0.047%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0259%	1h	0.2507	+0.032%	$651K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0320%	1h	0.2511	+0.199%	$8.2M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2509	+0.127%	$331K	$2.8M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2504	−0.069%	$1	—	15x	as long as short