Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.003%

Price spread now: Bybit against gTrade (Gains Network)−0.203%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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. Bybit is 0.203% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.9 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	gTrade (Gains Network) WIF/USD	0.2468	L +0.0002% / S +0.0001%	pay 0.0000% / 1h	28m 51s	$798	—	150x
Short	Bybit WIFUSDT	0.2463	0.0100	get 0.0050% / 4h	1h 28m	$17.0M	$38.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.203%Rate

Funding earned: $20.68
Price spread: −0.203% → 0.000%: −$20.26
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.58
Costs to cover: 0.210%
Break-even: 14.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.03 bp	12.7 bp −$13	29.2 bp −$292	197.1 bp −$19.7K	doesn't fit

gTrade (Gains Network): 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
BloFin WIF-USDT	−0.0189%	4h	0.2463	−0.203%	$1.0M	$824K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2468	+0.020%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2465	−0.122%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S +0.0001%	1h	0.2468	long leg	$798	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.081%	$11K	$10K	12x	as long as short
Gate WIF_USDT	+0.0060%	4h	0.2465	−0.122%	$1.2M	$7.5M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2465	−0.105%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2468	0.000%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2465	−0.125%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2469	+0.027%	$76K	$56K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2466	−0.081%	$18.8M	$114.6M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2463	−0.203%	$17.0M	$38.4M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2464	−0.162%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2465	−0.122%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2465	−0.122%	$4.4M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2465	−0.122%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2467	−0.041%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2461	−0.271%	$77K	$279K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	+0.081%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2471	+0.123%	$276K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2473	+0.203%	$43K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2466	−0.081%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2465	−0.122%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2465	−0.122%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2463	−0.203%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2464	−0.180%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2465	−0.101%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2465	−0.116%	$646K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0154% / S −0.0026%	1h	0.2467	−0.028%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0278%	1h	0.2468	0.000%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2469	+0.041%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2468	−0.018%	$0	—	15x	as long as short