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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Bybit against Gate−0.117%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.117%, 7d avg −0.027%

Together, before fees+0.078%+$8 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: Bybit is 0.091% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2563	0.0100	pay 0.0050% / 4h	3h 49m	$1.2M	$8.0M	50x
Short	Bybit WIFUSDT	0.2560	0.0100	get 0.0050% / 4h	3h 49m	$17.5M	$41.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.027%: −$9.05
Slippage, 4 orders: −$55.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.09
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	3.91 bp	26.9 bp −$27	53.6 bp −$536	80.4 bp −$8,036	doesn't fit
Sell Bybit live order book, 4 min ago	1.96 bp	13.8 bp −$14	32.7 bp −$327	151.4 bp −$15.1K	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
BloFin WIF-USDT	−0.0214%	4h	0.2565	+0.078%	$1.0M	$909K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2563	+0.019%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2560	−0.117%	$46K	$256K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2560	−0.105%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2542	−0.819%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2565	+0.086%	$149K	$636K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2561	−0.078%	$51K	$550K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2562	−0.051%	$41K	$303K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2565	+0.063%	$79K	$62K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2561	−0.078%	$20.0M	$124.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDTshort	+0.0100%	4h	0.2560	−0.117%	$17.5M	$41.8M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2560	−0.117%	$6.2M	$38.4M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2563	long leg	$1.2M	$8.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2560	−0.117%	$23.7M	$11.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2559	−0.156%	$4.5M	$14.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2560	−0.117%	$7.8M	$14.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2562	−0.039%	—	$23.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2560	−0.113%	$79K	$302K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2569	+0.236%	$97K	$83K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2553	−0.385%	$287K	$2.4M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2560	−0.117%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2557	−0.234%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2560	−0.101%	$596	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2561	−0.078%	$170K	$712K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2559	−0.174%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2561	−0.078%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0122% / S −0.0005%	1h	0.2560	−0.126%	$8K	—	100x	as long as short
ApeX Omni WIFUSDT	+0.0149%	1h	0.2551	−0.468%	$47K	$624K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2569	+0.234%	$353K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0359%	1h	0.2562	−0.028%	$666K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0459%	1h	0.2567	+0.176%	$8.4M	$5.0M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2560	−0.133%	$1	—	15x	as long as short