Funding arb · Price arb /

WIF

all WIF markets

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 −0.011%

Price spread now: Gate against Bitget+0.082%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.082%, 7d avg −0.042%

Together, before fees−0.268%−$27 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: Gate is 0.124% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2451	0.0100	pay 0.0050% / 4h	49m 17s	$7.6M	$11.8M	50x
Short	Gate WIF_USDT	0.2453	0.0100	get 0.0050% / 4h	49m 17s	$1.2M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.042%: $12.39
Slippage, 4 orders: −$50.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.63
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: 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 Bitget live order book, 4 min ago	4.07 bp	12.0 bp −$12	26.3 bp −$263	112.5 bp −$11.3K	doesn't fit
Sell Gate live order book, 4 min ago	6.10 bp	25.0 bp −$25	145.0 bp −$1,450	273.4 bp −$27.3K	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	−0.0423%	1h	0.2450	−0.049%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2454	+0.108%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2451	0.000%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2453	+0.064%	$15K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0020%	4h	0.2453	+0.082%	$4.3M	$11.4M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.285%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2451	0.000%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2450	−0.037%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2454	+0.122%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2458	+0.282%	$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	0.2453	+0.069%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2454	+0.121%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2449	−0.078%	$18.3M	$102.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2448	−0.122%	$16.9M	$35.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2449	−0.082%	$6.1M	$32.2M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2453	+0.082%	$1.2M	$7.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2453	+0.082%	$22.3M	$10.8M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2451	long leg	$7.6M	$11.8M	50x
BingX WIF-USDT	+0.0100%	4h	0.2451	0.000%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2462	+0.457%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2459	+0.342%	$280K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2464	+0.530%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2450	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2451	−0.008%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2451	0.000%	$169K	$722K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2450	−0.059%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2452	+0.045%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2453	+0.079%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2457	+0.245%	$332K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0318%	1h	0.2453	+0.084%	$654K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2451	0.000%	$994K	$727K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2453	+0.069%	$0	—	15x	as long as short