Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.044%

Price spread now: Binance against Coinbase International+0.080%7-day average −0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 3 days (all we have)−0.260%−$26 · spread now +0.080%, 7d avg −0.162%

Together, before fees−0.589%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.242% dearer against Coinbase International than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.162%): +$24 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2491	0.0288	pay 0.0036% / 1h	29m 37s	$335K	$2.5M	50x
Short	Binance WIFUSDT	0.2493	0.0100	get 0.0050% / 4h	3h 29m	$19.1M	$107.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.080%Rate

Funding earned: −$39.48
Price spread: +0.080% → −0.162%: $24.25
Slippage, 4 orders: −$31.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.54
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Binance: live order book, 13 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 Coinbase International live order book, 4 min ago	4.01 bp	13.0 bp −$13	25.8 bp −$258	doesn't fit	doesn't fit
Sell Binance live order book, 13 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	−0.0321%	1h	0.2489	−0.072%	$76K	$255K	10x	as long as short
Gate WIF_USDT	−0.0200%	4h	0.2492	+0.040%	$1.3M	$7.1M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0152%	1h	0.2486	−0.201%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0026%	4h	0.2490	−0.040%	$4.4M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.025%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2487	−0.181%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.843%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2488	−0.124%	$655K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2487	−0.161%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2494	+0.136%	$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	0.2495	+0.161%	$56K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2491	+0.016%	$25K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2493	+0.076%	$77K	$52K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2493	+0.080%	$19.1M	$107.0M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2491	0.000%	$17.1M	$36.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	+0.080%	$6.0M	$33.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2494	+0.120%	$22.6M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2495	+0.161%	$7.8M	$12.0M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2489	−0.080%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	−0.156%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2492	+0.040%	$281K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2490	−0.040%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.401%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2486	−0.201%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	−0.161%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2492	+0.059%	$11K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2486	−0.182%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0186%	1h	0.2495	+0.173%	$7.9M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2487	−0.173%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0288%	1h	0.2491	long leg	$335K	$2.5M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2492	+0.040%	$1.0M	$746K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2482	−0.356%	$0	—	15x	as long as short