Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.075%

Price spread now: BloFin against dYdX−0.310%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.310% cheaper against dYdX than usual: you would sell low and buy high (spread −0.310% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 3.0 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WIF-USD	0.2449	0	get 0.0000% / 1h	1m 10s	$18K	$589	10x
Short	BloFin WIF-USDT	0.2441	0.0340	get 0.0170% / 4h	3h 01m	$1.0M	$695K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.310%Rate

Funding earned: $71.4
Price spread: −0.310% → 0.000%: −$30.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.43
Costs to cover: 0.220%
Break-even: 5.2 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 1 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	4.08 bp	10.1 bp −$10	22.6 bp −$226	60.7 bp −$6,067	doesn't fit

dYdX: 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
Gate WIF_USDT	−0.0190%	4h	0.2436	−0.514%	$1.2M	$7.4M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0160%	1h	0.2438	−0.432%	$48K	$289K	25x	as long as short
Backpack WIF_USDC_PERP	−0.0130%	1h	0.2436	−0.530%	$72K	$259K	10x	as long as short
KuCoin WIFUSDTM	−0.0068%	4h	0.2438	−0.432%	$4.5M	$12.7M	75x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2449	long leg	$18K	$589	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2440	−0.333%	$790	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.875%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0040%	1h	0.2440	−0.359%	$637K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2441	−0.322%	$145K	$597K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2449	+0.017%	$55K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2439	−0.391%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2441	−0.319%	$34K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2449	+0.019%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2438	−0.432%	$18.4M	$109.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2437	−0.473%	$16.7M	$37.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2436	−0.514%	$5.8M	$33.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2439	−0.391%	$22.1M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2437	−0.473%	$7.4M	$12.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2436	−0.514%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2442	−0.266%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2469	+0.826%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2461	+0.507%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2434	−0.596%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2439	−0.412%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2444	−0.187%	$167K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2438	−0.438%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2438	−0.445%	$81K	$85	3x	as long as short
Hyperliquid WIF	+0.0169%	1h	0.2440	−0.363%	$7.8M	$4.5M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0184% / S −0.0046%	1h	0.2444	−0.200%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2443	−0.228%	$320K	$2.5M	50x	as long as short
BloFin WIF-USDTshort	+0.0340%	4h	0.2441	−0.310%	$1.0M	$695K	75x
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	−0.142%	$0	—	15x	as long as short