Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against BingX+0.407%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.407% dearer against BingX than usual: you sell high and buy low, +$41 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2459	0.0100	pay 0.0050% / 4h	3h 03m	—	$2.3M	—
Short	ApeX Omni WIFUSDT	0.2469	0.0100	get 0.0013% / 1h	3m 12s	$42K	$632K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.407%Rate

Funding earned: $0
Price spread: +0.407% → 0.000%: $40.67
Slippage, 4 orders: −$54.83
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.16
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; ApeX Omni: 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 BingX live order book, 15 min ago	2.01 bp	18.3 bp −$18	56.9 bp −$569	287.5 bp −$28.8K	581.0 bp −$290.5K
Sell ApeX Omni live order book, 5 min ago	10.11 bp	18.5 bp −$18	116.7 bp −$1,167	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
Gate WIF_USDT	−0.0208%	4h	0.2458	−0.041%	$1.2M	$7.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0132%	1h	0.2459	−0.020%	$76K	$257K	10x	as long as short
KuCoin WIFUSDTM	−0.0074%	4h	0.2462	+0.122%	$5.0M	$12.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2460	+0.041%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2462	+0.122%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2461	+0.081%	$795	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.447%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2462	+0.140%	$642K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	+0.098%	$146K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2461	+0.081%	$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	0.2463	+0.163%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2462	+0.125%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2460	+0.048%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2459	+0.017%	$18.7M	$109.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2459	−0.016%	$16.9M	$37.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2459	0.000%	$5.9M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2459	0.000%	$22.3M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2461	+0.081%	$7.5M	$12.3M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2459	long leg	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2475	+0.652%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2469	+0.399%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2469	+0.407%	$42K	$632K	25x
SunX WIF-USDT	+0.0100%	4h	0.2458	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2462	+0.102%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2457	−0.081%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2461	+0.099%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2462	+0.137%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0182%	1h	0.2464	+0.207%	$7.9M	$4.5M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0184% / S −0.0046%	1h	0.2461	+0.079%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2462	+0.122%	$322K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2461	+0.081%	$1.0M	$696K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2460	+0.034%	$0	—	15x	as long as short