Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.019%

Price spread now: gTrade (Gains Network) against Gate−0.309%104s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.309% cheaper against Gate than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2455	0.0100	pay 0.0050% / 4h	1h 29m	$1.1M	$9.1M	50x
Short	gTrade (Gains Network) WIF/USD	0.2447	L +0.0002% / S −0.0001%	get 0.0000% / 1h	29m 43s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.309%Rate

Funding earned: −$20.8
Price spread: −0.309% → 0.000%: −$30.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$76.67
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 Gate live order book, 4 min ago	4.09 bp	24.5 bp −$25	52.0 bp −$520	78.1 bp −$7,809	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0467%	1h	0.2462	+0.285%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2449	−0.244%	$978K	$922K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0061%	1h	0.2456	+0.033%	$73K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2453	−0.098%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2447	−0.309%	—	—	150x
GMX WIF/USD [WBTC.b-USDC]	L +0.0042% / S +0.0253%	1h	0.2446	−0.356%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2458	+0.126%	$142K	$702K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2456	+0.041%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2460	+0.208%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2456	+0.061%	$31K	$351K	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	0.2456	+0.057%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2456	+0.061%	$18.7M	$143.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2455	−0.020%	$16.6M	$47.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2454	−0.041%	$5.5M	$41.3M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2455	long leg	$1.1M	$9.1M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2455	0.000%	$22.2M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2456	+0.041%	$4.1M	$16.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2456	+0.041%	$7.4M	$15.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2452	−0.122%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2446	−0.364%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−0.354%	$270K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2448	−0.285%	$45K	$631K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2457	+0.081%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2454	−0.041%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2457	+0.081%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2454	−0.041%	$141K	$909K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2455	−0.004%	$10K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2457	+0.070%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0157%	1h	0.2457	+0.081%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0347%	1h	0.2459	+0.181%	$638K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2459	+0.163%	$324K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2456	+0.045%	$0	—	15x	as long as short