Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended+0.227%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.227%, 7d avg +0.020%

Together, before fees−0.140%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.207% dearer against Extended than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2504	0.0104	pay 0.0013% / 1h	27m 03s	$12K	$213K	25x
Short	Binance WIFUSDT	0.2509	0.0100	get 0.0050% / 4h	3h 27m	$19.9M	$166.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.227%Rate

Funding earned: −$0.84
Price spread: +0.227% → +0.020%: $20.68
Slippage, 4 orders: −$46.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.34
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Binance: live order book, 1 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 Extended live order book, 4 min ago	6.03 bp	18.1 bp −$18	105.4 bp −$1,054	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.99 bp	12.3 bp −$12	33.2 bp −$332	119.7 bp −$12.0K	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0430% / S +0.0327%	1h	0.2504	−0.010%	$19K	—	100x	as long as short
Gate WIF_USDT	−0.0322%	4h	0.2501	−0.111%	$1.3M	$11.6M	50x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2503	−0.031%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2507	+0.112%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2504	+0.009%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2494	−0.395%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2504	+0.009%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2505	+0.061%	$145K	$834K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2502	−0.071%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2504	+0.009%	$10.1M	$9.2M	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	0.2509	+0.192%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2504	+0.009%	$78K	$90K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2509	+0.227%	$19.9M	$166.7M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2509	+0.193%	$17.5M	$56.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2505	+0.049%	$5.9M	$48.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2505	+0.049%	$24.2M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2506	+0.089%	$3.9M	$18.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2505	+0.049%	$7.6M	$18.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2504	+0.009%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2502	−0.063%	$81K	$355K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	−0.627%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2484	−0.808%	$286K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2489	−0.590%	$35K	$654K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2499	−0.191%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2504	−0.011%	$579	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2500	−0.151%	$154K	$947K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2504	long leg	$12K	$213K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2500	−0.131%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2506	+0.089%	$355K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.208%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2502	−0.067%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0739%	1h	0.2504	+0.027%	$642K	$3.0M	50x	as long as short