Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Orderly against Gate+0.080%7-day average −0.020% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.080%, 7d avg −0.020%

Together, before fees+0.123%+$12 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: Orderly is 0.101% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2487	0.0100	pay 0.0050% / 4h	1h 09m	$1.2M	$7.6M	50x
Short	Orderly PERP_WIF_USDC	0.2489	0.0100	get 0.0050% / 4h	1h 09m	$5K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → −0.020%: $10.07
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.93
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Orderly: 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	2.01 bp	26.4 bp −$26	56.1 bp −$561	83.9 bp −$8,393	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
BloFin WIF-USDT	−0.0184%	4h	0.2487	0.000%	$1.0M	$836K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2488	+0.021%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2489	+0.080%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2489	+0.095%	$805	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.684%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2490	+0.133%	$140K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2490	+0.121%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2489	+0.088%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2489	+0.066%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2487	−0.016%	$19.1M	$115.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2483	−0.161%	$17.1M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2485	−0.080%	$5.9M	$35.2M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2487	long leg	$1.2M	$7.6M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2486	−0.040%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2486	−0.040%	$4.7M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2485	−0.080%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2487	0.000%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2485	−0.088%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2489	+0.081%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2496	+0.370%	$281K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2496	+0.362%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2489	+0.080%	$5K	$1.3M	10x
SunX WIF-USDT	+0.0100%	4h	0.2485	−0.080%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2489	+0.080%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	0.000%	$167K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2488	+0.034%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2482	−0.218%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0136%	1h	0.2490	+0.108%	$652K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0148% / S −0.0022%	1h	0.2490	+0.115%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2492	+0.201%	$335K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0321%	1h	0.2490	+0.125%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	+0.001%	$0	—	15x	as long as short