Funding arb · Price arb /

WIF

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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 −0.026%

Price spread now: Bybit against HTX−0.233%53s7-day average −0.535% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1521.518% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.233%, 7d avg −0.535%

Together, before fees−0.569%−$57 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: Bybit is 0.302% dearer against HTX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.535%. The two prices were read 53 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	HTX WIF-USDT	0.2487	0.0100	pay 0.0050% / 4h	21m 25s	$166K	$699K	75x
Short	Bybit WIFUSDT	0.2481	0.0100	get 0.0050% / 4h	21m 25s	$16.9M	$39.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → −0.535%: $30.18
Slippage, 4 orders: −$128.75
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$121.58
Costs to cover: 1.518%
Break-even: never at this rate

Slippage from HTX: live order book, 37 min ago; Bybit: live order book, 2 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, 37 min ago	8.07 bp	69.5 bp −$69	433.0 bp −$4,330	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.01 bp	11.4 bp −$11	31.3 bp −$313	200.6 bp −$20.1K	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	−0.0186%	4h	0.2491	+0.161%	$993K	$832K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0158%	1h	0.2485	−0.072%	$76K	$291K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2489	+0.061%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2481	−0.241%	$45K	$256K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2484	−0.107%	$803	—	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	0.2491	+0.149%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2483	−0.161%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2484	−0.102%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2490	+0.112%	$78K	$60K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2485	−0.081%	$18.7M	$118.8M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2481	−0.233%	$16.9M	$39.9M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2481	−0.241%	$5.9M	$36.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2484	−0.121%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2483	−0.161%	$22.9M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2483	−0.161%	$4.5M	$14.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2480	−0.281%	$7.5M	$13.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2485	−0.080%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2501	+0.564%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2489	+0.091%	$283K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2506	+0.764%	$46K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2482	−0.201%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.241%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2482	−0.213%	$578	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2487	long leg	$166K	$699K	75x
Extended WIF-USD	+0.0104%	1h	0.2480	−0.268%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2481	−0.241%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0132% / S −0.0012%	1h	0.2485	−0.097%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0261%	1h	0.2483	−0.145%	$645K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0285%	1h	0.2488	+0.028%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2482	−0.201%	$326K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2483	−0.178%	$0	—	15x	as long as short