Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.023%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.023%, 7d avg −0.002%

Together, before fees+0.032%+$3 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: MEXC is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2446	0.0100	pay 0.0050% / 4h	44m 56s	$18.3M	$103.2M	75x
Short	MEXC WIF_USDT	0.2445	0.0100	get 0.0050% / 4h	44m 56s	$22.2M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.002%: −$2.06
Slippage, 4 orders: −$24.04
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$40.11
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 4 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, 13 min ago	2.04 bp	12.4 bp −$12	22.0 bp −$220	105.7 bp −$10.6K	doesn't fit
Sell MEXC live order book, 4 min ago	2.05 bp	8.0 bp −$8	19.4 bp −$194	82.9 bp −$8,292	131.2 bp −$65.6K

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	−0.0392%	1h	0.2445	−0.015%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	+0.087%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2447	+0.059%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2447	+0.059%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.068%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0038%	4h	0.2446	+0.018%	$4.3M	$11.4M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2447	+0.059%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2447	+0.071%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	+0.018%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2451	+0.215%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2449	+0.140%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	+0.113%	$76K	$51K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2446	long leg	$18.3M	$103.2M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2446	+0.006%	$16.8M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2446	+0.018%	$6.1M	$32.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2447	+0.059%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2445	−0.023%	$22.2M	$10.8M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2446	+0.018%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2447	+0.059%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2452	+0.271%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2448	+0.099%	$278K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2445	−0.023%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2443	−0.105%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2447	+0.038%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2443	−0.105%	$168K	$738K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2446	0.000%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.018%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2447	+0.039%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2449	+0.141%	$324K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0319%	1h	0.2449	+0.134%	$640K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2445	−0.023%	$995K	$729K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2446	+0.025%	$0	—	15x	as long as short