Funding arb · Price arb /

WIF

all WIF markets

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 +0.011%

Price spread now: HTX against Gate−0.082%7-day average +0.494% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$1801.797% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.271%+$27 on $10k

Price spread, last 4 days (all we have)+0.567%+$57 · spread now −0.082%, 7d avg +0.494%

Together, before fees+0.838%+$84 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: HTX is 0.576% cheaper against Gate than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +0.494%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2445	0.0100	pay 0.0050% / 4h	2h 05m	$1.1M	$9.1M	50x
Short	HTX WIF-USDT	0.2443	0.0100	get 0.0050% / 4h	2h 05m	$149K	$866K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → +0.494%: −$57.6
Slippage, 4 orders: −$152.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$237.31
Costs to cover: 1.797%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; HTX: live order book, 43 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	4.08 bp	24.2 bp −$24	58.2 bp −$582	86.5 bp −$8,651	doesn't fit
Sell HTX live order book, 43 min ago	4.08 bp	93.9 bp −$94	doesn't fit	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
BloFin WIF-USDT	−0.0140%	4h	0.2451	+0.245%	$961K	$924K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2445	0.000%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2446	+0.041%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2446	+0.056%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0039%	1h	0.2447	+0.082%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0081% / S +0.0250%	1h	0.2446	+0.040%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2447	+0.086%	$142K	$679K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2444	−0.041%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2447	+0.070%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2445	+0.020%	$29K	$340K	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	0.2445	+0.014%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2445	+0.020%	$18.5M	$141.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2444	−0.037%	$16.5M	$46.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2444	−0.041%	$5.5M	$40.7M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2445	long leg	$1.1M	$9.1M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2445	0.000%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2445	0.000%	$4.1M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2444	−0.041%	$7.4M	$15.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2445	0.000%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	−0.017%	$73K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2452	+0.301%	$280K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	+0.082%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2447	+0.082%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2442	−0.123%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2446	+0.045%	$565	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2443	−0.082%	$149K	$866K	75x
Extended WIF-USD	+0.0104%	1h	0.2443	−0.090%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.045%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0244%	1h	0.2448	+0.137%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2450	+0.204%	$328K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.014%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.800%	$10K	$10K	12x	as long as short