Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

Price spread now: KuCoin against dYdX−0.350%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 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. KuCoin is 0.350% cheaper against dYdX than usual: you would sell low and buy high (spread −0.350% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 12 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WIF-USD	0.2483	0	get 0.0000% / 1h	10m 13s	$14K	$587	10x
Short	KuCoin WIFUSDTM	0.2474	0.0100	get 0.0050% / 4h	10m 13s	$4.0M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.350%Rate

Funding earned: $21
Price spread: −0.350% → 0.000%: −$34.95
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.95
Costs to cover: 0.220%
Break-even: 19.0 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	3.99 bp	21.5 bp −$22	59.3 bp −$593	doesn't fit	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0207% / S +0.0281%	1h	0.2473	−0.376%	$19K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−0.833%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2483	+0.013%	$982K	$943K	75x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2483	long leg	$14K	$587	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2474	−0.350%	$33K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2472	−0.411%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0014%	1h	0.2471	−0.482%	$75K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2477	−0.237%	$142K	$743K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2480	−0.108%	$53K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2474	−0.350%	$8.9M	$7.4M	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	0.2476	−0.280%	$29K	$353K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2482	−0.039%	$77K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2474	−0.350%	$19.0M	$151.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2474	−0.350%	$16.9M	$50.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2474	−0.350%	$5.7M	$43.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2472	−0.430%	$1.3M	$9.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2474	−0.350%	$24.4M	$13.0M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2474	−0.350%	$4.0M	$17.3M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2470	−0.511%	$7.5M	$16.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2479	−0.148%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2481	−0.060%	$91K	$211K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2510	+1.101%	$282K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2545	+2.510%	$46K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2475	−0.309%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2470	−0.511%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2475	−0.289%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2477	−0.229%	$157K	$912K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2474	−0.333%	$10K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2474	−0.331%	$83K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2475	−0.309%	$329K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2480	−0.121%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0819%	1h	0.2477	−0.232%	$654K	$2.7M	50x	as long as short