Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Gate−0.159%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+1.279%+$128 · spread now −0.159%, 7d avg +0.002%

Together, before fees+1.354%+$135 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: ApeX Omni is 0.161% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2517	0.0100	pay 0.0050% / 4h	17m 19s	$1.2M	$9.4M	50x
Short	ApeX Omni WIFUSDT	0.2513	0.0100	get 0.0013% / 1h	17m 19s	$45K	$641K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → +0.002%: −$16.13
Slippage, 4 orders: −$68.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$109.76
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 21 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 Gate live order book, 1 min ago	3.99 bp	28.0 bp −$28	61.7 bp −$617	88.8 bp −$8,877	doesn't fit
Sell ApeX Omni live order book, 21 min ago	9.91 bp	20.0 bp −$20	115.5 bp −$1,155	doesn't fit	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0167% / S +0.0273%	1h	0.2509	−0.333%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.185%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2516	−0.040%	$1.0M	$953K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2511	−0.256%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2517	+0.015%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0025%	1h	0.2507	−0.397%	$75K	$309K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2520	+0.099%	$144K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2517	0.000%	$54K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2520	+0.139%	$8.8M	$6.9M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2517	+0.012%	$30K	$352K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2512	−0.211%	$78K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2519	+0.069%	$19.3M	$149.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2517	0.000%	$16.8M	$49.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2517	0.000%	$5.7M	$43.8M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2517	long leg	$1.2M	$9.4M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2518	+0.040%	$22.6M	$12.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2518	+0.040%	$4.3M	$17.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2517	0.000%	$7.6M	$16.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2517	0.000%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	−0.593%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−0.360%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2513	−0.159%	$45K	$641K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2518	+0.040%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2513	−0.159%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2517	+0.012%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2515	−0.079%	$159K	$910K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2517	−0.006%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2518	+0.032%	$84K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0147%	1h	0.2519	+0.079%	$33K	$275K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2518	+0.040%	$334K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2517	−0.006%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0805%	1h	0.2519	+0.086%	$656K	$2.7M	50x	as long as short