Funding arb · Price arb /

WIF

all WIF markets

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 −0.008%

Price spread now: Binance against BingX+0.134%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.161%−$16 · spread now +0.134%, 7d avg −0.015%

Together, before fees−0.208%−$21 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: Binance is 0.149% dearer against BingX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2492	0.0100	pay 0.0050% / 4h	3h 34m	—	$65.8M	—
Short	Binance WIFUSDT	0.2495	0.0100	get 0.0050% / 4h	3h 34m	$19.2M	$106.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → −0.015%: $14.86
Slippage, 4 orders: −$21.11
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.25
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Binance: live order book, 8 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, 4 min ago	4.07 bp	10.6 bp −$11	23.6 bp −$236	93.3 bp −$9,335	519.3 bp −$259.7K
Sell Binance live order book, 8 min ago	2.04 bp	10.0 bp −$10	24.1 bp −$241	92.4 bp −$9,240	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
Backpack WIF_USDC_PERP	−0.0346%	1h	0.2497	+0.213%	$76K	$255K	10x	as long as short
Gate WIF_USDT	−0.0092%	4h	0.2493	+0.040%	$1.3M	$7.1M	50x	as long as short
KuCoin WIFUSDTM	−0.0006%	4h	0.2497	+0.201%	$4.4M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2496	+0.144%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2495	+0.120%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2494	+0.061%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.883%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2497	+0.192%	$662K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2495	+0.120%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	+0.193%	$143K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.040%	$56K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2500	+0.315%	$25K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2497	+0.185%	$77K	$51K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2495	+0.134%	$19.2M	$106.8M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2492	−0.008%	$17.1M	$36.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2491	−0.040%	$6.0M	$33.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	+0.040%	$22.5M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2493	+0.040%	$7.7M	$12.0M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2492	long leg	—	$65.8M	—
Variational Omni WIF	+0.0100%	4h	0.2488	−0.156%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	−1.685%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2466	−1.043%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	−0.080%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	+0.104%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2492	0.000%	$172K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2491	−0.020%	$11K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2494	+0.068%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0184%	1h	0.2502	+0.393%	$8.0M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2493	+0.028%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2496	+0.161%	$336K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2498	+0.241%	$1.0M	$748K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2492	−0.015%	$0	—	15x	as long as short