Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.074%

Price spread now: Variational Omni against Deribit−0.197%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.197% cheaper against Deribit than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2480	0.0153	pay 0.0019% / 1h	43m 49s	$49K	$289K	25x
Short	Variational Omni WIF	0.2475	0.0100	get 0.0050% / 4h	2h 43m	$75K	$70K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.197%Rate

Funding earned: −$11.21
Price spread: −0.197% → 0.000%: −$19.69
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.9
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 25 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 Deribit live order book, 25 min ago	6.07 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0783%	1h	0.2470	−0.403%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0128%	4h	0.2484	+0.161%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2481	+0.045%	$647K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0020%	4h	0.2481	+0.040%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.258%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2478	−0.065%	$800	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0066%	1h	0.2481	+0.024%	$77K	$269K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2482	+0.101%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	−0.161%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2478	−0.081%	$5K	$1.3M	10x	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	0.2482	+0.073%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2474	−0.249%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2486	+0.242%	$18.8M	$111.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2485	+0.194%	$17.0M	$38.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2487	+0.282%	$6.0M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2485	+0.202%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2486	+0.242%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2484	+0.161%	—	$65.9M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2475	−0.197%	$75K	$70K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2486	+0.259%	$284K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	−0.040%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2473	−0.282%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	+0.020%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2483	+0.121%	$170K	$750K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2485	+0.217%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	−0.015%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUALlong	+0.0153%	1h	0.2480	long leg	$49K	$289K	25x
GMX WIF/USD [WBTC.b-USDC]	L +0.0178% / S −0.0042%	1h	0.2476	−0.164%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0190%	1h	0.2489	+0.359%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2481	+0.040%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.282%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.177%	$0	—	15x	as long as short