Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)−0.313%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 HTX

What this pair did over the last

the charts below follow

Funding, last 4 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. HTX is 0.313% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.313% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 11 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	0.2559	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	12m 27s	$4K	—	150x
Short	HTX WIF-USDT	0.2551	0.0100	get 0.0050% / 4h	2h 12m	$158K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.313%Rate

Funding earned: $20.57
Price spread: −0.313% → 0.000%: −$31.26
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.69
Costs to cover: 0.220%
Break-even: 18.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	3.90 bp	52.2 bp −$52	544.8 bp −$5,448	doesn't fit	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 exchanges

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	−0.0140%	4h	0.2559	0.000%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0116% / S +0.0178%	1h	0.2565	+0.218%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2556	−0.099%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2558	−0.039%	$34K	$255K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0002%	1h	0.2559	long leg	$4K	—	150x
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2559	0.000%	$5K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2561	+0.090%	$141K	$880K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2556	−0.117%	$54K	$634K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2557	−0.059%	$10.1M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2558	−0.045%	$33K	$418K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2558	−0.057%	$79K	$97K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2556	−0.102%	$20.6M	$172.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2556	−0.102%	$17.8M	$58.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2556	−0.117%	$6.3M	$52.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2558	−0.039%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2556	−0.117%	$22.7M	$15.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2558	−0.039%	$3.9M	$18.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2555	−0.156%	$7.7M	$19.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2559	0.000%	—	$27.6M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2557	−0.090%	$91K	$359K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2562	+0.115%	$79K	$369K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2579	+0.797%	$286K	$3.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2581	+0.860%	$37K	$648K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2554	−0.195%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2559	0.000%	$3K	$6K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2551	−0.313%	$158K	$1.0M	75x
Extended WIF-USD	+0.0104%	1h	0.2557	−0.071%	$17K	$250K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2558	−0.020%	$85K	—	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0325%	1h	0.2561	+0.062%	$656K	$3.0M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0376%	1h	0.2571	+0.469%	$349K	$4.0M	50x	as long as short
Injective WIF/USDC PERP	+0.0497%	1h	0.2559	0.000%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2556	−0.120%	$1	—	15x	as long as short