Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0098%/8hpaid last 24h +0.021%

Price spread now: MEXC against gTrade (Gains Network)−0.080%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 MEXC

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. MEXC is 0.080% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 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	0.2362	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	23m 04s	$14K	—	150x
Short	MEXC WIF_USDT	0.2360	0.0100	get 0.0050% / 4h	23m 04s	$21.3M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.080%Rate

Funding earned: $20.57
Price spread: −0.080% → 0.000%: −$7.96
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1.39
Costs to cover: 0.140%
Break-even: 7.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 10 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 MEXC live order book, 10 min ago	2.12 bp	6.5 bp −$6	21.3 bp −$213	101.8 bp −$10.2K	150.1 bp −$75.0K

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
Injective WIF/USDC PERP	−0.0650%	1h	0.2445	+3.519%	$11K	$30K	12x	as long as short
Backpack WIF_USDC_PERP	−0.0562%	1h	0.2359	−0.113%	$70K	$234K	10x	as long as short
Variational Omni WIF	−0.0178%	4h	0.2354	−0.313%	$67K	$50K	—	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2361	−0.037%	$45K	$290K	25x	as long as short
Gate WIF_USDT	−0.0010%	4h	0.2361	−0.037%	$1.2M	$6.8M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2363	+0.048%	$18K	$582	10x	as long as short
Bybit WIFUSDT	0.0000%	4h	0.2360	−0.063%	$16.6M	$33.8M	50x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0002%	1h	0.2362	long leg	$14K	—	150x
KuCoin WIFUSDTM	+0.0016%	4h	0.2360	−0.080%	$4.2M	$10.7M	75x	as long as short
Aster WIFUSDT	+0.0023%	4h	0.2361	−0.036%	$25K	$241K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX WIF/USD [WBTC.b-USDC]	L +0.0043% / S +0.0009%	1h	0.2361	−0.019%	$4K	—	100x	as long as short
ApeX Omni WIFUSDT	+0.0085%	1h	0.2366	+0.174%	$40K	$611K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2361	−0.037%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2362	+0.001%	$139K	$518K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2360	−0.080%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2364	+0.077%	$7.0M	$3.5M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2362	−0.005%	$74K	$45K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2359	−0.107%	$17.8M	$96.3M	75x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2360	−0.080%	$6.2M	$29.1M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2360	−0.080%	$21.3M	$10.6M	50x
Bitget WIFUSDT	+0.0100%	4h	0.2362	+0.005%	$7.2M	$11.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2362	+0.005%	—	$64.4M	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2371	+0.381%	$265K	$1.5M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2357	−0.207%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2359	−0.101%	$529	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2358	−0.164%	$164K	$704K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2360	−0.065%	$9K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2360	−0.080%	$79K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0296%	1h	0.2367	+0.217%	$323K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2359	−0.122%	$1.0M	$687K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0355%	1h	0.2363	+0.035%	$638K	$2.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2359	−0.101%	$0	—	15x	as long as short