Settings8H · net · $10k
Funding arb · Price arb /

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.004%
Price spread now: Bybit against dYdX+0.043%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.043% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX WIF-USD0.24640get 0.0000% / 1h42m 15s$18K$58910x
ShortBybit WIFUSDT0.24650.0100get 0.0050% / 4h2h 42m$16.9M$38.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$21
Price spread: +0.043% → 0.000%
$4.34
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$4.34
Costs to cover
0.210%
Break-even
5.6 days
Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Bybit live order book, 2 min ago2.01 bp13.3 bp −$1333.9 bp −$339188.7 bp −$18.9Kdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective WIF/USDC PERP−0.0783%1h0.2470+0.259%$11K$10K12xas long as short
Gate WIF_USDT−0.0102%4h0.2463−0.026%$1.2M$7.4M50xas long as short
Kraken Futures PF_WIFUSD−0.0075%1h0.2465+0.053%$642K$2.3M50xas long as short
KuCoin WIFUSDTM−0.0012%4h0.2463−0.026%$4.6M$12.9M75xas long as short
dYdX WIF-USDlong0.0000%1h0.2464long leg$18K$58910x
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2465+0.056%$48K$289K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S +0.0001%1h0.2463−0.009%$796150xas long as short
Backpack WIF_USDC_PERP+0.0051%1h0.2464+0.031%$77K$272K10xas long as short
Lighter WIF+0.0096%1h0.2466+0.092%$139K$624K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2466+0.096%$56K$496K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_WIF_USDC+0.0099%4h0.2464+0.015%$5K$1.3M10xas long as short
Aster WIFUSDT+0.0100%4h0.2467+0.151%$35K$274K10xas long as short
Pacifica WIF+0.0100%1h0.2466+0.079%$77K$53K5xas long as short
Binance WIFUSDT+0.0100%4h0.2464+0.015%$18.7M$111.8M75xas long as short
Bybit WIFUSDTshort+0.0100%4h0.2465+0.043%$16.9M$38.0M50x
OKX WIF-USDT-SWAP+0.0100%4h0.2468+0.177%$5.9M$34.5M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2466+0.096%$22.2M$11.0M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2468+0.177%$7.5M$12.4M50xas long as short
BingX WIF-USDT+0.0100%4h0.2466+0.096%$65.9Mas long as short
Variational Omni WIF+0.0100%4h0.2475+0.466%$75K$70Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2474+0.416%$274K$1.9M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2479+0.624%$43K$631K25xas long as short
SunX WIF-USDT+0.0100%4h0.2460−0.147%$2K$2.9M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2464+0.015%$559$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2458−0.229%$168K$750K75xas long as short
Extended WIF-USD+0.0104%1h0.2463−0.010%$11K$155K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2465+0.048%$82K$853xas long as short
Hyperliquid WIF+0.0176%1h0.2469+0.226%$8.0M$4.7M5xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0178% / S −0.0042%1h0.2464−0.002%$8K100xas long as short
Coinbase International WIF-PERP-INTX+0.0304%1h0.2464+0.015%$324K$2.5M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2487+0.949%$997K$710K75xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2464+0.020%$015xas long as short