Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against HTX−0.083%7-day average −0.498% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 3 days (all we have)−0.313%−$31 · spread now −0.083%, 7d avg −0.498%

Together, before fees−0.494%−$49 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: Bitget is 0.414% dearer against HTX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.498%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2400	0.0100	pay 0.0050% / 4h	1h 27m	$166K	$718K	75x
Short	Bitget WIFUSDT	0.2398	0.0100	get 0.0050% / 4h	1h 27m	$7.4M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → −0.498%: $41.42
Slippage, 4 orders: −$121.57
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.16
Costs to cover: 1.456%
Break-even: never at this rate

Slippage from HTX: live order book, 56 min ago; Bitget: live order book, 1 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 HTX live order book, 56 min ago	10.50 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.17 bp	17.2 bp −$17	29.4 bp −$294	92.0 bp −$9,200	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
Backpack WIF_USDC_PERP	−0.0305%	1h	0.2395	−0.204%	$73K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0167%	1h	0.2399	−0.042%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0068%	4h	0.2397	−0.125%	$4.1M	$11.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2397	−0.138%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2400	0.000%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.208%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2398	−0.083%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2398	−0.087%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2403	+0.125%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2399	−0.029%	$7.4M	$4.0M	5x	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	0.2397	−0.113%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2397	−0.114%	$76K	$50K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2397	−0.125%	$17.8M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2397	−0.129%	$16.6M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2399	−0.042%	$6.0M	$31.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2398	−0.083%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2397	−0.125%	$21.4M	$10.7M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2398	−0.083%	$7.4M	$11.7M	50x
BingX WIF-USDT	+0.0100%	4h	0.2398	−0.083%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2396	−0.179%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2392	−0.321%	$265K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2400	0.000%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2395	−0.208%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2397	−0.129%	$549	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2400	long leg	$166K	$718K	75x
Extended WIF-USD	+0.0104%	1h	0.2398	−0.081%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2399	−0.054%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0212% / S −0.1182%	1h	0.2400	+0.002%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2405	+0.208%	$317K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2401	+0.042%	$983K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0377%	1h	0.2399	−0.042%	$628K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2399	−0.033%	$0	—	15x	as long as short