Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.005%

Price spread now: Extended against Gate−0.167%7-day average −0.031% · 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−$103as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.167%, 7d avg −0.031%

Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.135% cheaper against Gate than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of −0.031%). If the spread goes back, that is −$14 on $10k: about 41 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.061% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2476	−0.0158	get 0.0079% / 4h	2h 47m	$1.2M	$7.3M	50x
Short	Extended WIF-USD	0.2472	0.0104	get 0.0013% / 1h	47m 08s	$11K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.167%Rate

Funding earned: $55.02
Price spread: −0.167% → −0.031%: −$13.51
Slippage, 4 orders: −$69.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$47.77
Costs to cover: 0.893%
Break-even: 13.1 days

Slippage from Gate: live order book, 1 min ago; Extended: live order book, 19 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	4.03 bp	26.0 bp −$26	48.0 bp −$480	75.4 bp −$7,539	doesn't fit
Sell Extended live order book, 19 min ago	8.07 bp	19.6 bp −$20	100.4 bp −$1,004	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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.242%	$11K	$10K	12x	as long as short
Gate WIF_USDTlong	−0.0158%	4h	0.2476	long leg	$1.2M	$7.3M	50x
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2476	+0.009%	$646K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0032%	4h	0.2476	0.000%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2480	+0.146%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2473	−0.121%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2479	+0.109%	$801	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2479	+0.109%	$136K	$620K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2481	+0.202%	$56K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2476	0.000%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2476	+0.015%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2481	+0.193%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2479	+0.120%	$18.8M	$111.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2477	+0.040%	$17.0M	$37.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2479	+0.121%	$5.9M	$34.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2476	0.000%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2478	+0.081%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2476	0.000%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2475	−0.020%	$77K	$269K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.036%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2486	+0.421%	$284K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2488	+0.485%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2475	−0.040%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2475	−0.020%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2477	+0.040%	$169K	$748K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2472	−0.167%	$11K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2473	−0.116%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0179% / S −0.0043%	1h	0.2478	+0.074%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0187%	1h	0.2481	+0.194%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2476	0.000%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.444%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2478	+0.085%	$0	—	15x	as long as short