Settings8H · net · $10k
Funding arb · Price arb /

WIF

all WIF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0339%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +3.869%
Price spread now: Coinbase International against GMX+0.252%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.252% dearer against GMX than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WIF/USD [WBTC.b-USDC]0.2446L +0.0077% / S +0.0251%pay 0.0010% / 1h2m 46s$21K100x
ShortCoinbase International WIF-PERP-INTX0.24520.0416get 0.0052% / 1h2m 46s$328K$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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

Funding earned
$71.09
Price spread: +0.252% → 0.000%
$25.19
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$74.27
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Coinbase International live order book, 1 min ago6.13 bp14.9 bp −$1527.5 bp −$275doesn't fitdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WIF-USDT−0.0140%4h0.2450+0.170%$966K$924K75xas long as short
dYdX WIF-USD0.0000%1h0.2443−0.136%$13K$58710xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0001%1h0.2446+0.015%150xas long as short
Backpack WIF_USDC_PERP+0.0030%1h0.2446+0.015%$73K$319K10xas long as short
GMX WIF/USD [WBTC.b-USDC]longL +0.0077% / S +0.0251%1h0.2446long leg$21K100x
Lighter WIF+0.0096%1h0.2448+0.101%$142K$679K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2446+0.007%$52K$570K20xas long as short
Hyperliquid WIF+0.0100%1h0.2448+0.072%$8.5M$6.4M5xas long as short
Aster WIFUSDT+0.0100%4h0.2448+0.072%$29K$340K10xas long as short
Pacifica WIF+0.0100%1h0.2446+0.018%$77K$69K5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance WIFUSDT+0.0100%4h0.2446+0.019%$18.5M$141.5M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2446−0.002%$16.5M$46.8M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2445−0.034%$5.5M$40.8M50xas long as short
Gate WIF_USDT+0.0100%4h0.2447+0.047%$1.1M$9.1M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2447+0.047%$22.1M$12.2M50xas long as short
KuCoin WIFUSDTM+0.0100%4h0.2445−0.034%$4.1M$16.2M75xas long as short
Bitget WIFUSDT+0.0100%4h0.2446+0.007%$7.4M$15.6M50xas long as short
BingX WIF-USDT+0.0100%4h0.2447+0.047%$27.1Mas long as short
Variational Omni WIF+0.0100%4h0.2445−0.052%$73K$190Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2446+0.007%$271K$2.7M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2445−0.034%$45K$631K25xas long as short
Orderly PERP_WIF_USDC+0.0100%4h0.2449+0.129%$5K$1.1M10xas long as short
SunX WIF-USDT+0.0100%4h0.2443−0.116%$1K$3.1M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2450+0.150%$563$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2446+0.007%$149K$867K75xas long as short
Extended WIF-USD+0.0104%1h0.2445−0.044%$11K$165K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2449+0.128%$82K$853xas long as short
Deribit WIF_USDC-PERPETUAL+0.0158%1h0.2449+0.129%$33K$274K25xas long as short
Kraken Futures PF_WIFUSD+0.0244%1h0.2451+0.212%$634K$2.6M50xas long as short
Coinbase International WIF-PERP-INTXshort+0.0416%1h0.2452+0.252%$328K$3.1M50x
Reya WIFRUSDPERP+0.0558%1h0.2445−0.032%$015xas long as short
Injective WIF/USDC PERP+0.0707%1h0.2401−1.833%$10K$10K12xas long as short