Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: KuCoin against BingX+0.081%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.081%, 7d avg −0.004%

Together, before fees−0.130%−$13 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 0.085% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDT	0.2478	0.0100	pay 0.0050% / 4h	1h 16m	—	$27.1M	—
Short	KuCoin WIFUSDTM	0.2480	0.0100	get 0.0050% / 4h	1h 16m	$4.5M	$16.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.004%: $8.51
Slippage, 4 orders: −$40.07
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$53.56
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 2 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, 7 min ago	4.05 bp	10.5 bp −$11	18.2 bp −$182	67.0 bp −$6,700	524.3 bp −$262.1K
Sell KuCoin live order book, 2 min ago	4.03 bp	22.4 bp −$22	69.5 bp −$695	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−0.646%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2480	+0.081%	$980K	$938K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0030%	1h	0.2477	−0.032%	$73K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2481	+0.104%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2477	−0.040%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2476	−0.065%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0027% / S +0.0189%	1h	0.2476	−0.089%	$16K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2481	+0.105%	$143K	$702K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2478	0.000%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2483	+0.206%	$8.6M	$6.4M	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	0.2479	+0.050%	$31K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2480	+0.094%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2479	+0.047%	$18.9M	$144.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2480	+0.061%	$16.7M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2479	+0.040%	$5.5M	$41.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2478	0.000%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2479	+0.040%	$22.4M	$12.2M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2480	+0.081%	$4.5M	$16.6M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2480	+0.081%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDTlong	+0.0100%	4h	0.2478	long leg	—	$27.1M	—
Variational Omni WIF	+0.0100%	4h	0.2474	−0.159%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−0.186%	$280K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	−0.081%	$45K	$633K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2476	−0.081%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2472	−0.242%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	0.000%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2475	−0.121%	$147K	$921K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2479	+0.033%	$10K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2477	−0.056%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2480	+0.061%	$643K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2477	−0.040%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.076%	$0	—	15x	as long as short