Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: MEXC against Extended+0.083%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.083%, 7d avg +0.015%

Together, before fees+0.110%+ Points / potential airdropExtended: Active · farm board+$11 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: MEXC is 0.067% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2437	0.0104	pay 0.0013% / 1h	50m 06s	$11K	$154K	25x
Short	MEXC WIF_USDT	0.2439	0.0100	get 0.0050% / 4h	3h 50m	$22.0M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$0.84
Price spread: +0.083% → +0.015%: $6.75
Slippage, 4 orders: −$39.99
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$43.08
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from Extended: live order book, 21 min ago; MEXC: live order book, 9 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, 21 min ago	6.18 bp	18.2 bp −$18	104.2 bp −$1,042	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	2.05 bp	4.0 bp −$4	20.2 bp −$202	92.4 bp −$9,239	147.4 bp −$73.7K

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	−0.0684%	1h	0.2438	+0.025%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0160%	1h	0.2438	+0.042%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0046%	4h	0.2438	+0.042%	$1.2M	$7.0M	50x	as long as short
ApeX Omni WIFUSDT	−0.0032%	1h	0.2443	+0.247%	$43K	$632K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2437	−0.016%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2441	+0.147%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0002%	4h	0.2436	−0.041%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.723%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0040%	1h	0.2441	+0.145%	$632K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2438	+0.042%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WIF	+0.0096%	1h	0.2440	+0.107%	$146K	$579K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2441	+0.165%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2443	+0.263%	$7.7M	$4.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2441	+0.153%	$24K	$257K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2438	+0.024%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2439	+0.083%	$18.4M	$105.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2438	+0.042%	$16.8M	$36.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2438	+0.042%	$6.0M	$32.6M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2439	+0.083%	$22.0M	$10.8M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2439	+0.083%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2435	−0.082%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2440	+0.129%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2445	+0.328%	$278K	$1.9M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2436	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2438	+0.046%	$557	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2435	−0.082%	$168K	$746K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2437	long leg	$11K	$154K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2438	+0.058%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2441	+0.157%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2441	+0.165%	$331K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2438	+0.042%	$987K	$735K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2439	+0.067%	$0	—	15x	as long as short