Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.005%

Price spread now: Gate against Extended+0.023%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.412%+$41 · spread now +0.023%, 7d avg +0.033%

Together, before fees+0.347%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2358	0.0104	pay 0.0013% / 1h	5m 51s	$10K	$153K	25x
Short	Gate WIF_USDT	0.2359	0.0058	get 0.0029% / 4h	2h 05m	$1.2M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$9.66
Price spread: +0.023% → +0.033%: −$1.07
Slippage, 4 orders: −$61.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.71
Costs to cover: 0.820%
Break-even: never at this rate

Slippage from Extended: live order book, 15 min ago; Gate: live order book, 3 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, 15 min ago	6.31 bp	18.8 bp −$19	123.5 bp −$1,235	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.22 bp	26.1 bp −$26	137.5 bp −$1,375	269.2 bp −$26.9K	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
Backpack WIF_USDC_PERP	−0.0643%	1h	0.2358	−0.007%	$73K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.549%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0186%	4h	0.2357	−0.062%	$4.1M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0174%	1h	0.2360	+0.065%	$46K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2362	+0.148%	$625K	$2.1M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2358	−0.025%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2360	+0.065%	$14K	—	150x	as long as short
Variational Omni WIF	+0.0003%	4h	0.2365	+0.296%	$67K	$65K	—	as long as short
Aster WIFUSDT	+0.0055%	4h	0.2360	+0.073%	$23K	$255K	10x	as long as short
Gate WIF_USDTshort	+0.0058%	4h	0.2359	+0.023%	$1.2M	$6.9M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0068%	4h	0.2368	+0.394%	$272K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2359	+0.023%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2360	+0.078%	$131K	$541K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2360	+0.065%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2363	+0.179%	$7.3M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2357	−0.048%	$74K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2359	+0.018%	$17.5M	$99.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2358	−0.020%	$16.5M	$34.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2361	+0.107%	$6.0M	$30.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2359	+0.023%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2359	+0.023%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2355	−0.147%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2369	+0.447%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2355	−0.147%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2359	+0.044%	$539	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2357	−0.062%	$163K	$719K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2358	long leg	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2359	+0.018%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0165% / S −0.0859%	1h	0.2360	+0.075%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2359	+0.023%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2363	+0.192%	$969K	$683K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2359	+0.039%	$0	—	15x	as long as short